The AngelPlus EIS Fund is an early-stage EIS technology fund (there is also a separate mirror SEIS fund). The Fund’s objective is to lead selective, early stage investments into UK based, technology and life science businesses using a unique “Venturer” approach which ensures all investments are nurtured actively: The fund only invests alongside Venturers who are experienced entrepreneurs and executives. These Venturers invest their own money and take an active board seat alongside Boundary Capital and its investment director in the investee company. This helps to promote success to de-risk them whilst adding value to the founders too. Further, there are no fees to pay by investors so 100% of their funds are invested.
Boundary Capital Partners LLP is a venture capital firm investing in early stage technology and life science companies. It was established in 2009 by successful technology entrepreneurs and investors.
The investment portfolios are co-managed by 5 Partners – Dan Somers, Dr Richard Leaver, Dr David Gee, Dr Adrian Parton and Grant Hawthorne. Ernie Richardson is strategic advisor working closely with the Partners. This experienced team have conceptualised, built, grown and realised technology businesses, as well as led over 14 Venture Capital funds with over £200m in management and achieved 60 exits. The fund multiples range from 1.4x to 3.0x.
In addition there are two Associate Partners – Damo Baliga and Stephen Barter alongside the 300+ Venturers who are signed up to support Boundary Capital’s unique ‘mammalian’ investment approach, i.e. to nurture their investments actively.
The key strategic considerations which underpin the Boundary Capital approach are:
The AngelPlus SEIS/ EIS Fund looks to spread each investors risk across at least 4 qualifying investment opportunities in the Boundary Capital investment portfolio based on their preference of SEIS or EIS investments. Each underlying SEIS/EIS company must have passed Boundary Capital’s due diligence process and have a best suited Venturer committed and aligned to execute a clear route to market.
» Boundary Capital have achieved their first exit at 4x return.
» Developments within portfolio include patent filing for AB-Polyblok, developing a revolutionary drug for curing and potentially reversing Alzheimer’s, Huntingdon’s and Parkinson’s
» Dymag, the carbon wheel manufacturer, launches new advanced series wheel at SEMA 2017
» Precision Sports Technologies launches its first product and makes first sales
If you are interested in further information about the Boundary Capital AngelPlus EIS& SEIS Fund
and future opportunities please contact us on info@kuberventures.com or +44 (0) 20 7952 6685.
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