Agritech Innovation EIS and SEIS Fund

Update (04 April 2018): the fund manager has withdrawn this offer

The Agritech Innovation Fund is an evergreen hybrid EIS/SEIS offer. It seeks to raise between £400,000 and £10 million, with a minimum investment of £5,000.

 By 2050 global food production will need to increase by up to 70% to meet rising demand. This generates incentives for new agricultural methods and techniques to drive the increase in yield and productivity needed to sustain our growing population. The fund will invest in four to ten companies that can offer solutions and technologies within the agricultural sector.

 The Agritech Innovation Fund is managed by Innvotec Limited, a London-based venture capital firm established in 1987 specialising in EIS, SEIS and SITR funds.

 Investors can choose to have their portfolio entirely in SEIS or EIS companies, or choose a hybrid option where the allocation depends on the amount invested. The SEIS allocation depends on capacity.

Risks

The fund invests in small, unquoted companies that may be pre-revenue, so the usual risks with EIS and SEIS investments are amplified by the early-stage nature of this portfolio. In particular, investors’ capital is at risk and the investments have low liquidity. Further details of risks are outlined in the Investment Memorandum.

Investors should not invest money they cannot afford to lose. Tax rules can change and the value of tax benefits will depend on individual circumstances.

Fees and deadlines

There is a 1.5% Annual Management Charge (deferred until exits provide sufficient cash for payment) and a 30% Performance Fee (subject to a 120% gross return hurdle).  There is no initial charge. There are fees paid by the investee companies, which will indirectly affect investors’ returns. Please see the Key Information Document for more details on charges.

 The fund is evergreen so while there is no hard deadline, there is a ‘close’ at the end of each quarter. 

 Wealth Club aims to highlight investments we believe have merit, but you should form your own view. You should decide based on the provider's documents and ensure you have read and fully understand them before investing. This short review is a marketing communication. It is not advice or a personal or research recommendation to buy the investment mentioned. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination. 15.3.18


The details

Type
Fund
Sector
Technology
Target return
Unspecified
Funds raised / sought
£10 million sought
Minimum investment
£5,000
Deadline
Discretionary

News about Seed Enterprise Investment Scheme. Read all