Velocity EIS Fund 5

Velocity EIS Fund 5

The Velocity EIS Technology Fund 5 seeks to identify relatively early-stage, unquoted, EIS-qualifying technology companies with high-growth potential.

£1.8mtotal raised
£10mtarget raise
18%funded
34investors
156days to go

The Velocity EIS Technology Fund 5 seeks to identify relatively early-stage, unquoted, EIS-qualifying technology companies with high-growth potential. These businesses are expected to have established plans and management teams, and to have demonstrated growth potential with strong commercial opportunities. The Fund will focus on "Seed" to "pre-Series A" investments, the majority expected to be sourced from Velocity's own Seed Enterprise Investment Scheme ("SEIS") Funds, having achieved milestone developments since any SEIS investment, and will typically be seeking new equity funding. The average investment size is expected to be around £750,000. The target portfolio will comprise at least three portfolio companies, with target return of £2.50 per £1 invested over a five-year investment horizon although it is noted that 10 companies have already been identified for funding from this fund with allocation due to occur prior to 5th April 2020