Symvan Capital are EIS fund managers who have focussed on disruptive technology companies in the UK since 2014. Symvan were entirely unaffected by the death of the asset-backed EIS industry last year and can point to 5 years of solid EIS fund investment performance and one of the most prominent ‘exits’ in the EIS space according to a recent EIS report.
Symvan’s EIS Technology Fund seeks to return £2.85 for every £1 invested over a 5-to-7-year period yet this might prove to be an underestimate. Baked into that assumption is a financial model which assumes a 50% failure rate, yet we have only had only one company out of over 20 portfolio companies actually fail. Moreover, this return calculation involves absolutely no tax impact, meaning that the return on the fund could be higher on a cash-on-cash return basis which would involve taking the 30% income tax relief and loss-relief into account.
Symvan do not charge investors any fees (except for a performance fee on success), meaning that investors receive 100% tax relief on a £100 investment, as opposed to circa 90% tax relief that is common in much of the industry.
The Symvan EIS Technology Fund currently has capacity of £7 million to be invested in 7 to 10 EIS companies; investor funds cleared by 29 March 2018 can be ensured that the money will be invested before 5th April 2019 and available for “carry back” for investors.
Symvan Capital are investment return evangelists, not product evangelists. Yet it is the development of exciting technology products and services that lead to remarkable growth and high exit values, leading to outstanding investor returns. And all of this is provided in an environment characterised by transparency and authenticity.
Kealan Doyle from Symvan discusses the company’s first exit, and highlights the potential upside going forth to investors in Symvan’s Technology EIS fund.
The good news for new Symvan fund investors is that they can still get exposure to an investment into RightIndem just as it is starting to really disrupt the insurance claims market … and we know what that can mean for investment returns!
Symvan Capital has been operating since 2013, but most of the principals have been involved with technology investing since the early 1990s. The Symvan team and the Fund’s Investment Committee have a breadth of experience that is unusual in early stage technology investing in the UK.
Rob Bird is a leading global expert and practitioner in big data science and artificial intelligence. Kealan Doyle and Nicholas Nicolaides each have over 20 years in technology investment management and capital markets experience. Julian Sampson is a highly experienced compliance professional with a deep understanding of the regulatory framework and corporate governance. The team brings considerable experience and judgement to the task, with expertise on Artificial Intelligence/Machine Learning, company valuations, due diligence and the ability to mentor growth companies.
We have done our ten thousand hours!
The report gives Symvan an Investment Score of 85 which is one of the highest in the market. As the report notes:
Symvan’s first two positive exits gives weight to the portfolio’s valuation uplifts over the last couple of years … Symvan’s development over the last few years as a Manager, underlined by its first few exits from its tax-advantaged investments, should put it on investors’ radar as a Manager who might be worth considering if looking to diversify across funds which invest in the tech-enabled sector and away from the more traditional names that have tended to dominate in this area.
Symvan Capital was nominated for the Best EIS fund manager and the Best SEIS fund manager of 2018 by the Growth Investor Awards and won the latter for the second time in three years.
Symvan was also selected as a finalist for the Investment Week Tax Efficiency Awards 2018/19 for the award category EIS: Best Single Sector. Finally, Symvan were nominated for Best SEIS Fund Manager 2018 by the EIS Association.
If you are interested in further information about Symvan Capital and future opportunities, please contact us on email@example.com or +44 (0) 20 7952 6685.