Established in 2012, Jenson Funding Partners has invested over £14 million* in just under 100 investee companies*. In addition to the continued investments made by the SEIS; the EIS introduced in 2015, along with the all-important syndicated investors, supports the growth within the investee portfolio by providing follow on funding to maintain their growth. To date, Jenson has provided over £5 million* of EIS and syndicated equity investment, along with over £5 million* of debt facilities.
Where applicable and as part of our investment management process, Jenson bring in external investors alongside our EIS. The benefits of syndication are:
Where there is no requirement for follow on funding, Jenson utilise the International Private Equity and Venture Capital Valuation (IPEV) Guidelines to value investee companies.
The Jenson EIS fills the recognised funding gap between early stage SEIS and late stage EIS/VCT/VC investing. It enables Jenson to fund early; with limited competition and low valuations. Later stage investing can, whilst in more established companies, be more expensive with less choice.
6 years on and Jenson can now demonstrate both an exit from an investee company in Fund 1 and positive re-valuations in funds 2,3 and 4. These valuations are independently secured and made when external investors invest in Jenson SEIS companies.
Important Information – *Performance is based on the combination of realised and unrealised value. Investments are illiquid until any of the underlying Investee Companies are sold or float on a stock market. Fund 1 has now achieved, as reported in the last ‘Fund in Focus’ a distribution of cash, with additional consideration on achieving the ‘earn out’ targets over the next two years. This distribution was achieved with the sales of the investee company ‘Twizoo’ to SkyScanner in September 2017. 1 = Original NAV: anything over 1 is potential positive returns.
*Source: Jenson Funding Partners May 2018
If you are interested in further information about Jenson Funding Partners EIS Fund or SEIS Fund, 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