EcoMachines Ventures, the specialist investor in energy and industrial high-tech companies (including robotics), has launched the EMV EIS Fund I, targeted at professional investors.
It will focus on investments into UK Enterprise Investment Scheme eligible companies disrupting the energy, industrial high-tech, resource efficiency and transport sectors. It’s aimed at investors seeking access to investment growth opportunities in ambitious UK companies looking to scale up, internationalise and partner with global corporations. The focus is on investments in sectors where there are significant opportunities for the adoption of new technologies, such as in robotics, artificial intelligence and industrial IoT.
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The fund is managed by Sapphire Capital Partners, a specialist EIS and SEIS investment fund manager, with EcoMachines Ventures acting as exclusive investment advisor. The custodian is Mainspring Nominees, a custodian which focuses on UK EIS and other funds, and which has more than £1bn under custody.
The fund is targeted at the 2018/2019 tax year, with a close of up to £10m by March 2018.
Managing Director of Mainspring Nominees Stephen Geddes said: “We are thrilled to be working with EcoMachines on their EMV EIS Fund I and are excited by the opportunity to be involved with such an innovative new EIS offering. We have built a strong relationship with the team in the run up to the launch and look forward to supporting EcoMachines Ventures as they grow.”
MD of EcoMachines Ventures Dr Ilian Iliev (pictured above) commented: “We expect the EMV EIS Fund I will provide EIS investors with the opportunity to invest in some of the UK’s most ambitious B2B companies with industry-leading technologies and the potential to become international leaders in their market segment, and who can demonstrate traction with major global corporations as a way of accelerating growth and obtaining routes to market. We will leverage our expertise, international investor base, and relationships with some of the leading global corporations to the benefit of the fund, and its future investments.”
Managing Partner of Sapphire Capital Partners Boyd Carson added: “We are delighted to partner with the EcoMachines Ventures team. As a firm specialising in the B2B space, EMV brings depth of experience and capability to the EIS space that we expect will position the EMV EIS Fund I as a unique growth investment opportunity in the EIS investment landscape.”