Symvan Technology SEIS Fund 3

This is Symvan’s third fund investing in SEIS qualifying technology businesses with a focus on B2B scalable software operating. Themes include the Internet of Things, AR and VR, and machine learning. SEIS Fund 3 is expecting to make 6 investments between now and the end of the 18/19 tax year.

Symvan Capital launched in 2013 and entered SEIS management a year later. It is a technology venture capital fund manager. Symvan Capital was founded in 2013 and launched the EIS fund in 2016. CEO and co-founder Kealan Doyle has worked with venture capital firms for 15 years as a corporate finance advisor and fund manager. The investment selection puts strong emphasis on management teams. Symvan collaborates with technology incubators,including Microsoft. 

Risks

These are very early-stage technology businesses. By nature these firms will be more prone to failure than later-stage, more mature businesses. All of the portfolio companies could fail. This is a relatively concentrated portfolio of these high risk firms.

Specific risks in this sector include failed software, patent application failure and intellectual property infringements.

Investors should also be aware these are long-term investments and are illiquid. Capital is at risk and 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

A summary of the fees and charges is shown below. Please see the provider's documents for more details.

Full initial charge up to 10%
Wealth Club initial saving 0%
Net initial charge through Wealth Club up to 10%
Annual charge see documents
Performance fee 20%

More detail on the charges

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 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. 22.6.18

The details

Type
Fund
Sector
Technology
Target return
£2.85 per £1 invested
Funds raised / sought
£1.5 million sought
Minimum investment
£10,000
Deadline
Discretionary

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