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Seedrs has teamed up with Haatch – an industry leading investor – to launch their award winning Enterprise Investment Scheme (EIS) Fund on the platform.
Open to all investors on the Seedrs platform, the Fund (described in detail below) will invest in some of the most exciting pre-seed B2B SaaS companies in the UK and will be focused on supporting these businesses on their journey to £1m of Annual Recurring Revenue (ARR) and building the infrastructure to enable them to get to £10m+ in the future.
Read on to find out more about EIS Funds, Haatch and the investment opportunity on offer.
About EIS and EIS Funds
The Enterprise Investment Scheme (EIS) is a government-backed scheme that aims to help smaller companies raise finance by providing tax reliefs (including up to 30% on income tax) to investors who purchase shares in these companies. The scheme was introduced in 1994 and has since become one of the most popular tax-efficient investment schemes in the UK.
An EIS fund pools money from different investors and invests in a portfolio of companies that meet the strict EIS eligibility criteria around size, age and financial status. Like any other venture capital fund, the fund manager will be on the lookout for businesses that have strong business models, value propositions and fundamentals for sustainable growth. However, unlike normal venture capital funds, investors will be directly investing in the underlying companies rather than becoming Limited Partners (LPs) in the overall Fund. A full description of the different types of venture capital fund can be found here.
About Haatch
Leveraging their extensive experience building and then exiting one of the UK’s early success stories in eCommerce, Scott Weavers-Wright OBE and Fred Soneya founded Haatch Angel in 2013.
Haatch Angel exceeded targets with highlights including portfolio company Veritonic raising their $7.5m Series A at a 22x uplift from the valuation of Haatch Angel’s original investment.
Fuelled by their early successes, Haatch launched their first Seed Stage EIS Fund in 2018 and is now an award winning investor which creates funds that invest in some of the most exciting seed and pre-seed B2B SaaS companies in the UK. The stats speak for themselves*:
- Haatch has raised over £46m from 900 investors in the last 5 years and the pace is only accelerating. Big name investors are onboard including British Business Investments who have invested £10m in Haatch funds.
- The first Haatch EIS Fund is valued at over 320% based on third-party fundraising rounds and the fourth EIS Fund is valued at over 380% based on third party rounds.
- Collectively the Haatch partners have built and sold businesses as entrepreneurs in their own right, with more than £100 million in personal exits between them.
*Please note, past performance is not a reliable indicator of future performance.
About the investment opportunity
Haatch is opening up its latest EIS Fund to all investors on the Seedrs platform from 13th May and you can register your interest now by following the link below.
The ticket price for eligible Seedrs investors will be £2,000, which is considerably lower than the £10,000 price for standard tickets into the Fund.
Haatch is looking to deploy funds from the Seedrs raise into 4-6 companies and, in general, the Fund is designed to be a long-term investment, with a typical target investment horizon of 5 to 10 years.
Haatch’s EIS Fund offers a great opportunity for savvy investors with a long-term view looking to diversify their portfolio and back a Fund with a proven track record of investments in this sector.
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