Nova Growth Capital Limited is an Appointed Representative of Sapia Partners LLP, which is authorised and regulated by the Financial Conduct Authority. Nova Growth Capital Limited is the Investment Advisor to the Fund, and was founded with the aim to benefit both the investor and investee by delivering an Applied Venture capital model through its close relationship with its sister company Nova and its Cofoundery model.
Nova believes that we owe it to our entrepreneurs and our investors to create a more rewarding experience; this belief led Nova to develop the Cofoundery business model. The Cofoundery approach to creating new ventures addresses five of what we believe are the most commonly made mistakes by start-ups. By actively managing these risks, Nova believes you can significantly reduce failure rates.
As you would expect, this belief has resulted in a demonstrable increase in the success rate of Nova’s portfolio companies. As of July 2018, Nova’s portfolio of businesses sourced through the Cofoundery model has enjoyed average annual growth in excess of 80% year on year for 10 years.
Now for the first time, as a private investor, you can invest in the Nova Cofoundery SEIS and EIS Fund. In doing so you are investing alongside Nova in our Cofoundery portfolio. Along with the potential to benefit from the many years of operating experience accumulated by the Nova team you can also benefiting from, in our view, a very attractive category of potential tax reliefs available to UK investors.
Each investor’s funds are co-invested alongside Nova into a diversified cohort within Nova’s portfolio of at least ten early-stage knowledge-intensive companies. Nova’s view is that this diversification is large enough to reasonably mitigate the risk of failure across the whole cohort although this cannot be guaranteed.
For further information please visit wearenova.co.uk
An investor qualifies as an High Net Worth investor if they have
(a) An annual income to the value of £100,000 or more;
(b) Net assets to the value of £250,000 or more. Net assets for these purposes do not include:
(i) the property which is their primary residence or any loan secured on that residence;
(ii) any rights under a qualifying contract of insurance within the meaning of the Financial
Services and Markets Act 2000 (Regulated Activities) Order 2001; or
(iii) any benefits (in the form of pensions or otherwise) which are payable on the termination of their service or death or retirement and to which they are or (or their dependants are), or may be, entitled.
An investor qualifies as ar Self-Certified Sophisticated Investor if at least one of the following applies:
a) they are a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date below
b) they have made more than one investment in an unlisted company in the two years prior to the date below
c) they are working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium sized enterprises
d) they are currently, or have been in the two years prior to the date, below a director of a company with an annual turnover of at least £1 million