Don't invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Estimated reading time: 2 min
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
- You could lose all the money you invest
- If the business you invest in fails, you are likely to lose 100% of the money you invested. Most start-up businesses fail.
- You are unlikely to be protected if something goes wrong
- Protection from the Financial Services Compensation Scheme (FSCS), in relation to claims against failed regulated firms, does not cover poor investment performance. Try the FSCS investment protection checker here.
- Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA-regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
- You won’t get your money back quickly
- Even if the business you invest in is successful, it may take several years to get your money back. You are unlikely to be able to sell your investment early.
- The most likely way to get your money back is if the business is bought by another business or lists its shares on an exchange such as the London Stock Exchange. These events are not common.
- If you are investing in a start-up business, you should not expect to get your money back through dividends. Start-up businesses rarely pay these.
- Don’t put all your eggs in one basket
- Putting all your money into a single business or type of investment for example, is risky. Spreading your money across different investments makes you less dependent on any one to do well.
- A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
- The value of your investment can be reduced
- The percentage of the business that you own will decrease if the business issues more shares. This could mean that the value of your investment reduces, depending on how much the business grows. Most start-up businesses issue multiple rounds of shares.
- These new shares could have additional rights that your shares don’t have, such as the right to receive a fixed dividend, which could further reduce your chances of getting a return on your investment.
If you are interested in learning more about how to protect yourself, visit the FCA’s website here.
| Sector: | Sustainability Focus |
|---|---|
| Target return: | 3x |
| Minimum investment: | £20,000 |
| Targeted allotment: | 12 months |
| Next deadline: | 6 Apr 2026 |
Important documents
| Sector: | Sustainability Focus |
|---|---|
| Target return: | 3x |
| Minimum investment: | £20,000 |
| Targeted allotment: | 12 months |
| Next deadline: | 6 Apr 2026 |
Important documents
Sustainable Ventures was set up to support startups addressing climate change. It provides investment, expert business support, tailored programmes, and dedicated workspaces, to help companies grow from idea to market success. It has worked with over 1,000 climate-tech businesses to date.
The Sustainable Ventures EIS Impact Fund aims to capitalise on that, providing funding to promising companies. As a “Sustainability Impact” fund, it must “invest mainly in solutions to sustainability problems with an aim to achieve a positive impact for people or the planet” and management believes this can be combined with attractive financial returns.
Since launch in 2018/19, the fund has raised £3.1 million and invested in around 30 companies. It has delivered £246,000 in exit proceeds, with a remaining portfolio value of £6.2 million (October 2025). Past performance is not a guide to the future.
- Targets a portfolio of 7-10 companies, deploying investors funds within 12 months – not guaranteed
- The fund targets a return of 3x, with an estimated holding period of seven years, not guaranteed
- Minimum investment: £20,000
- Next deadline: 6 April 2026
Important: The information on this website is for experienced investors. It is not advice nor a research or personal recommendation to invest. If you’re unsure, please seek advice. Investments are for the long term. They are high risk and illiquid and can fall as well as rise in value: you could lose all the money you invest.
The manager
Sustainable Ventures was founded in 2011 by entrepreneurs Andrew Wordsworth and Chrstopher Morris, who previously co-founded electric car club E-Car Club, which was sold to Europcar Groupe in 2015.
Today Sustainable Ventures operates three complementary businesses – workspaces, services and investments.
The workspaces business operates co-working spaces for climate tech businesses in London and Manchester, hosting over 150 climate startups and scaleups in total.
The services business runs accelerator programmes on behalf of third-party investors, offering an outsourced design studio, R&D tax credit advice and grant writing support. This has helped build a sizeable network of climate tech businesses, working with over 1,000 companies, providing deal flow for the Sustainable Ventures EIS and SEIS funds.
The EIS fund is overseen by Investment Partner Stuart Ferguson, formerly Head of Investment at The London Waste & Recycling Board, Head of Fund Management at Big Issue Invest and a Director in the Global Non-Core Investments Team at Lloyds Banking Group. He is supported by two investment analysts, as well as an investment committee.
Sustainable Ventures Investment Management Limited is the investment adviser to the fund, which is managed by Sapphire Capital Partners LLP. Woodside Corporate Services acts as custodian, holding monies prior to investment, with WCS Nominees providing nominee services.
Investment strategy
As an “Impact Fund” the Sustainable Ventures SEIS Impact Fund must invest “mainly in solutions to sustainability problems, with an aim to achieve a positive impact for people and planet.”
To qualify for investment, a company must address one or more of six sustainability objectives:
- Climate change mitigation
- Climate change adaptation
- Sustainable use and protection of water and marine resources
- Transition to a circular economy
- Pollution prevention and control
- Protection and restoration of biodiversity and ecosystems.
Beyond these sustainability objectives the fund seeks companies with defensible intellectual property, typically in the deep-tech, hardware and materials sectors, with rigorous scientific research backed by patents. The team believe this is crucial to giving each startup a long-term competitive advantage.
While the fund often invests pre-revenue, companies should be able to evidence some commercial or market traction, e.g. pilot projects, take-off agreements or letters of intent.
Ultimately, Sustainable Venture looks to back future sector leaders, it believes can deliver significant impact alongside superior financial returns. While not guaranteed, each investment must have the potential to deliver at least a 10x return for the fund within a seven-year horizon. To manage risk, the fund aims to build a diversified portfolio across various sectors. However, as with all EIS-qualifying companies, these remain high-risk investments.
Portfolio
The fund aims to invest in a portfolio of 7-10 companies within 12 months – not guaranteed.
The companies outlined below are previous investments made by the Sustainable Ventures EIS Impact Fund, please note that they are unlikely to form part of a new investor’s portfolio.
Relode
Relode was founded in 2024 by a team from EDF Renewables, led by Mikey Clark, formerly its Head of Electricity Connections, and Martin Cole, former Director of Planning, Battery Storage and Private Wire. The team is hoping to develop a network of gigawatt-scale Power Parks – renewable assets that act as charging hubs for electric heavy goods vehicles (HGVs).
Relode is developing an initial portfolio of 15 sites, prioritising commercial transport hubs like ports, as well as serving new large commercial energy users like data centres. The team believes this will be crucial to decarbonising the transport sector, which currently accounts for 25% of UK emissions, and meeting an estimated 125 terawatts of demand in the sector by 2050.
The Sustainable Ventures EIS Impact Fund first invested in Relode in July 2025 as part of a £1 million round.
Mykor
Mykor was founded by Olivia Page and Valentina Dipietro, to produce insulation from a combination of industrial biomass waste and fungus mycelium. Its products are carbon negative, locking away wood fibres for the lifetime of the building, as well as being entirely biobased.
The company has developed both insulation panels and loose infill solutions, which use 90% less water and 40% less electricity than polystyrene, earning the founders a place in Forbes’ Europe 30 Under 30 list in 2024.
Sustainable Ventures first invested in March 2023 alongside Green Angel Syndicate, and provided follow-on funding in July 2025. The combined position is now valued at 2.0x cost – past performance is not a guide to future returns.
Example of previous exit
Sennen Tech
Sennen was founded in 2018 by Gaby Amiel, former Head of Renewable Asset Management at John Laing Capital Management, and Paul Grimshaw, former Head of Operations Systems at renewable developer Wind Prospect.
The team developed cloud asset management software for the renewable sector, to improve the deployment and operation of new infrastructure. By 2023 Sennen’s customers included RWE, EDF Renewables and Foresight Group.
The Sustainable Ventures EIS fund invested £125,000 in August 2019. In December 2023, Sennen was acquired by Octopus Energy’s Kraken Technology delivering a realised return of 3.4x for the fund. Past performance is not a guide to the future.
Example of previous failure
Windscope
Investing in small companies is high risk and inevitably not all will work out. Windscope is an example.
Windscope developed an innovative SaaS machine learning platform for the efficient operation of onshore and offshore wind assets. Despite early success with its pilot schemes, the team was unable to scale and faced headwinds from industry consolidation – with more operators preferring in-house solutions, and a difficult funding environment.
Sustainable Ventures invested £250,000 in 2023; the company ceased trading in Q4 2024. The investment has been written down to nil.
Performance
Sustainable Ventures launched its first EIS fund 2018/19. Since then, it has raised £3.1 million and invested in around 30 companies. It has delivered £246,000 in exit proceeds with a remaining portfolio value of £6.2 million (October 2025). Past performance is not a guide to the future.
The chart below shows the average performance of the total subscribed into all Sustainable Ventures EIS funds in each of the last 10 full tax years (or from when the current strategy was adopted if later). The chart is based on the latest valuations provided by the manager, expressed on a £100 invested basis. Please note, individual investor portfolios’ performance will deviate from the average.
Please note: the 2020/21 cohort is showing particularly strong performance. The fund invested in five companies, with four of them currently showing unrealised returns between 3x and 9x.
Performance per £100 invested per tax year
Source: Sustainable Ventures, as at October 2025. Past performance is not a guide to future performance. The chart shows realised returns (where share proceeds have been returned to investors as cash) and unrealised returns (where cash has not yet been returned and the value of the investments is based on the manager’s own valuation methodology). There is no ready market for unlisted shares. The figures shown are net of all fees and do not include any income tax relief or loss relief.
Risks – important
This, like all investments available through Wealth Club, is only for experienced investors happy to make their own investment decisions without advice.
EIS investments are high-risk and should only form part of a balanced portfolio. As must be expected with early-stage investments, some or even all of the companies in the portfolio could fail: the fewer the companies included in the portfolio, the higher the risk of loss if things don’t go to plan. You should not invest money you cannot afford to lose.
There is no ready market for unlisted EIS shares: they are illiquid and hard to sell and value. There will need to be an exit for you to receive a realised return on your investment. Exits are likely to take considerably longer than the three-year minimum EIS holding period; equally, an exit within three years could impact tax relief.
To claim tax relief, you will need EIS3 certificates, normally issued once shares have been allotted. This can take several months: please check the deployment timescales carefully. Tax reliefs depend on the portfolio companies maintaining their EIS-qualifying status. Remember, tax rules can change and benefits depend on circumstances.
Please note Amadeus intends to invest in between four and seven investee companies, which may result in a concentrated – and therefore higher risk – portfolio. Before you invest, please carefully read the Risks and Commitments and the offer documents to ensure you fully understand the risks.
Charges
A summary of the main charges and savings is shown below. Some of these will be payable by the investor, others by the investee companies. The investment may have additional charges and expenses: please see the provider documents, including the Key Information Document, for more details.
| Investor charges | |
|---|---|
| Initial charge | 2.5% |
| Annual management charge | — |
| Administration charge | — |
| Dealing charge |
— |
| Performance fee | 20% |
| Investee company charges | |
| Initial charge | 6% |
| Annual charges | 2% |
The fees and charges above are stated exclusive of VAT, which applies in some cases, as determined by the manager. Please check the VAT position carefully in the provider documents. Any fees and charges payable by the investee companies or the underlying businesses do not directly come out of your investment. However, they will effectively reduce the returns generated by investee companies and therefore impact your investment.
More detail on the charges
When you invest through us, Wealth Club will receive initial commission (4%) and trail commission (0%). These are paid by the provider – there is no additional cost to you.
Any charges deducted from the subscription will reduce the amount invested and on which tax relief can be claimed.
Any investee company charges are levied on the underlying companies. They will not affect the amount of tax relief available but can still impact investor returns.
The performance fee applies on returns in excess of £1 per £1.20 invested applied at fund level by the end of life of the fund. See Investment Agreements for details.
Other charges apply. Please see the provider’s documents, including the Key Information Document, for more details.
Our view
Sustainable Ventures offers a range of services to climate tech businesses – most notably through its workspaces in London and Manchester. This has helped it to grow a sizeable network of startups.
The EIS fund looks to back promising companies from within that ecosystem. Since launch in 2018/19 the EIS fund has backed more than 30 companies and achieved one successful exit.
Securing the “Sustainability Impact” label requires meeting stringent requirements and means the fund could appeal to investors who want to see their money make a meaningful difference to the world as well as the potential to deliver attractive returns.
This financial promotion has been communicated and approved by Wealth Club Ltd on 13 January 2026
Wealth Club aims to make it easier for experienced investors to find information on – and apply for – investments. You should base your investment decision on the offer documents and ensure you have read and fully understand them before investing. The information on this webpage is a marketing communication. It is not advice or a personal or research recommendation to buy any of the investments mentioned, nor does it include any opinion as to the present or future value or price of these investments. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination.