RISK WARNING
All VCT, EIS, SEIS, and Business Relief qualifying investments are high risk and are not suitable for most clients. They are illiquid investments and Investors’ capital is at risk.

Nova Cofoundery SEIS Fund

Investment Objective

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.

The investment objective of the Fund is to generate returns of £2.18 for every £1 invested. If future performance continues in line with historical performance returns will potentially reach £5.70 for every £1 invested*.

*Past performance is not a reliable indicator of future results. Capital at risk.

Exit Strategy

Due to the early-stage nature of the Fund’s investments, a clear exit strategy has to be implemented as part of the investment process with an alignment of founder interests with shareholders. The intention is to exit within 5 to 7 years of monies being invested via trade sale, IPO, or where appropriate, a sale to a strategic co-investor. As a new Fund we should reference the past success of Galactic HQ (Nova’s Parent company) and the fund’s predecessors (whose strategy the Fund mirrors) and their track record in early stage technology investing with some significant exits achieved over the past ten years.

Fund Manager

Sapia Partners LLP acts as Principal firm to Nova Growth Capital Limited and as Alternative Investment Fund Manager (“AIFM”) to Nova Cofoundery SEIS and EIS Fund. Sapia Partners LLP is authorised and regulated by the Financial Conduct Authority (FRN 550103).

As of November 2018, Lawson Conner Group - including Sapia Partners LLP - was acquired by IQ-EQ. IQ-EQ is a leading investor services firm providing a comprehensive range of compliance, administration, asset and advisory services to investment funds, multinational companies, family offices and private clients operating worldwide. IQ-EQ is the fourth largest investor services firm in the world, with 2,800+ employees and is present in 23 jurisdictions.

Fund Provider

Nova Growth Capital Limited is an Appointed Representative of Sapia Partners LLP, which is authorised and regulated by the Financial Conduct Authority(FRN 550103). 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.

Fees

FeeInvestorInvestee Company
Initial chargen/a5%
AMCn/a2%
Performance Fee20% on portfolio level returns above 150%n/a
Kuber Special Arrangements

N/A

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

Alternative Investment Fund

Target Return

£2.18 for every £1 invested

Scheme Strategy

Private Equity SEIS

Investment Sector

Technology

Target Diversification

Target of 10, maximum of 30 per year

Nominee & Custody Arrangements

Custodian: Woodside Corporate Services Limited

Nominee: WCS Nominees Limited