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.
The Sunday Times’ two prestigious league tables – The ST 100 and ST 100 Tech – rank the fastest-growing private companies in the UK each year by revenue growth over the past three years.
The ST 100 Tech released earlier this year featured 15 technology companies backed by Wealth Club investors – you can read the full article.
In June, the more recently released ST 100 revealed another five – this time, outside the technology sector.
To qualify, the companies must be fast-growing, independent, privately owned and UK-based. Unlike for the 100 Tech list, they must also be profitable. They must have generated revenue of more than £5 million in their latest year and at least £250,000 four years earlier and have at least five employees.
Collectively, this year’s ST 100 companies have generated over £4 billion in annual sales – increasing their takings by £3.5 billion over three years, with an average compound annual growth rate (CAGR) of 108%. They created 8,900 jobs over the period, and now employ 13,700 people – and plan to hire a further 4,200 over the next 12 months.
Which companies were backed by Wealth Club investors? How might you invest in similar companies via VCT, EIS and SEIS?
Please note, new investors will gain exposure to similar companies in the respective EIS/SEIS funds, though most likely not the mentioned companies themselves.
Important: The information on this website is for experienced investors. It is not a 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.
Read more on the companies
By ranking in the ST 100 2026
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Viewture – Wealth Club
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Free Soul – Startup Funding Club SEIS and EIS funds
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Hunter & Gather – Startup Funding Club SEIS and EIS funds
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COAT Paints – Pembroke VCT
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Farmer J – ProVen VCTs
How to invest in similar companies
Viewture is currently raising funds through Wealth Club. The minimum investment is £20,820 – you can read more and see how to apply online.
Experienced investors can get exposure to companies like FreeSoul and Hunter & Gather (albeit not necessarily the companies themselves) by investing in Startup Funding Club SEIS fund or Startup Funding Club All-Star Follow-on Fund EIS.
Both are currently open for investment – the minimum investment is £10,000, and you can apply online.
COAT Paints and Farmer J are current holdings of the Pembroke VCT and ProVen VCTs, respectively. Pembroke VCT is currently closed. You can register your interest to hear when the new offer opens. The ProVen VCTs, however, are still open – you can read more and apply online.
See SFC All-Star Fund EIS performance
Performance per £100 invested in each tax year
Source: SFC, as at May 2026. 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.
See SFC Angel Fund SEIS performance
Performance per £100 invested in each tax year
Source: SFC, as at May 2026. 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.
See Pembroke VCT performance
NAV and cumulative dividends per share over five years (p)
Source: Morningstar. Past performance is no guide to the future. Dividends are variable and not guaranteed. The bar chart shows net asset value and cumulative dividends per share for the period 31/12/2020 – 31/03/2026.
See ProVen VCTs performance
NAV and cumulative dividends per share over five years (p)
Source: Morningstar. Performance figures are calculated net of fees, on a NAV to NAV basis. Past performance is no guide to the future. Dividends are variable and not guaranteed. The bar chart shows net asset value and cumulative dividends per share for the period 31/12/2020 – 31/03/2026.
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, sell or hold 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.