Newable EIS Scale Up 3

Investment Objective

The Fund seeks to leverage Newable’s unique corporate infrastructure and the extensive eco-system built by Newable and London Business Angels over the last 35 years.

Bringing together the best entrepreneurs, partners and investors to invest in and help scale high-growth businesses.

The Fund Manager targets the funding gap that exists for businesses which have de-risked their technology, developed traction with customers and now seek funding to scale their commercial operations.

The Fund aims to provide investors with a diversi-fied portfolio of 7-10 EIS qualifying investments per subscription across our key sectors; SpaceTech, Life Sciences, Automation and Electronics.

The Newable Investment Committee has over 100 years of combined investment experience with a track record of making successful investments across the Innovation and Technology space.

Latest returns update:

  • Average 33% across all EIS funds
  • 21% failure rate
  • 2 successful exits between 3.6x and 7x

Exit Strategy

The fund will endeavour to realise investments whenever it is commercially prudent to do so. The fund targets realising investments in a 5-8 year time-frame. Exits are anticipated to come from either i) a secondary share sale to a next stage investor i) a trade sale to a corporate investor or iii) a main market listing

Fund Manager

Larpent Newton

Larpent Newton is a venture capital firm specialising in seed, start-up, and early stage companies. The firm focuses its investments in both quoted and unquoted companies. Additionally, the firm seeks to work in collaboration with companies in fund management, business development tools and services, bargain trading, and market making and underwriting sectors.

Fund Provider

Newable Limited

Newable is a leading provider of serviced office, advisory, lending and equity solutions to some 12,000 SMEs per annum. Benefitting from the expertise of circa 220 professionals, the Newable EIS Scale-Up Fund 3 has a unique infrastructure from which to originate, undertake due diligence, execute, support, monitor and ultimately exit investments.

Newable is independently recognised as one of the UK’s leading investment networks and draws on a 35 year trac record (bolstered by the acquisition of London Business Angel in April 2017) as well as long term partnership with the UK government and business community.

Fees

Fee typeFees charged to InvestorFees charged to
Investee Companies
Initial Feeup to 4% + £30 compliance charge (per application)n/a
Annual Management Fee1.20% (first year only)1.50% annual monitoring fee on investments
Performance Fee20% (+VAT) of the exit proceeds above a 1.1x hurdlen/a
Other Fee InformationDealing charge of 0.25% of the value.Transaction fee of 3.5% upon successful completion of investments.

For further information please do not hesitate to

contact us on:

+44 (0) 20 7952 6685
info@kuberventures.com
www.kuberventures.co.uk

Fund at a glance

Scheme Categorisation

The Scheme is structured as an Alternative Investment Fund.

Target Return

20% IRR / 3x capital

Scheme Strategy

Private Equity

Investment Sector

Technology

Target Diversification

7 to 10 investee companies

Nominee & Custody Arrangements

The Nominee: Woodside Nominees Ltd

The Custodian: Woodside Corporate Services Ltd