The objective of the Fund is to invest in companies eligible for EIS Reliefs that may have previously received investment from Symvan SEIS Funds and have reached a milestone where additional funding is necessary and appropriate.
The Fund offers investors access to an opportunity to invest in growth technology companies operating across a number of different business sectors. Portfolio Companies will be selected on the basis of their potential to deliver revenue growth and attractive returns to investors.
The Fund will invest in a number of companies across a range of different technologies, predominantly software deployed in verticals such as fintech, InsureTech, HR tech, and immersive technologies such as virtual and augmented reality. The Fund will invest in Qualifying Companies typically requiring between £0.25m and £2m in development capital early-stage investment.
The exit of investments will be via an initial public offering (IPO), trade sale or possibly a management buyout (MBO). The anticipated term in line with EIS is 5-7 years. The investment case presented pre-completion of each individual investment will include likely exit routes. This may on occasion highlight specific targets for exit, for example a potential trade buyer. This is indicative only and does not provide any certainty of exit inside the indicated timescales or at a specified price. The Enterprise Investment Scheme does not allow for exit arrangements to be made at the time an investment is place. Instead, the Service will start to look in more detail at potential exit routes from the end of year 2 and beyond. Our in-house Research and Origination Team have a specific role in preparing our investee companies for exit. This process is critical to the initial investment rationale and continues throughout the investment term.
An independent company purchases the intellectual property rights of the Portfolio Company at a price determined by an independent valuer
A sale or part sale of the Portfolio Company
The purchase by the Portfolio Company of shares held by shareholders
The introduction of new investors (not EIS investors, who must buy new shares) to the Portfolio Company
The reduction of the Portfolio Company’s share capital
The voluntary liquidation of the Portfolio Company or the sale of the Portfolio Company’s assets and subsequent distribution of proceeds to shareholders
Symvan Capital Limited
Symvan Capital Limited (“Symvan”) is a UK provider of tax efficient investment solutions and a Fund Manager of several funds investing in dynamic technology companies. Symvan Capital was established in 2013 and the sister company - Symvan Securities - is a corporate finance advisory firm which has been working with technology companies since 2010. The Symvan Group distinguishes itself through its deep ‘life-cycle’ approach to identifying and nurturing the potential technology stars of the future, whereby Symvan’s SEIS funds ‘seed’ a business, followed by an angel round of financing and further investment through Symvan’s EIS funds.