Investment Terms

All our investments are subject to comprehensive but straightforward investment agreements which typically include board representation.

Investment Terms

All of our equity investments qualify under the Enterprise Investment Scheme (EIS) which means that we are constrained to investing in ordinary shares with few, if any preference rights. We frequently participate with others – VC Funds, Private Offices and Angel Investors – as lead investor or co-investor but look very carefully at the overall structure of the share capital table to ensure that our members are not disadvantaged and that all shareholders have properly aligned interests.

Our members insist that they received 100% EIS relief on their investment and so we charge our portfolio companies a cash fee and warrants on completion of each investment.