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The SFC Funds invest in 36 UK startups

The SFC Funds invest in 36 UK startups News

Startup Funding Club has closed the first tranche of its SEIS/EIS Funds by investing over £2M in 36 UK-based companies.

London, UK, April 2018 – Startup Funding Club (SFC) has successfully closed the first tranche of its SEIS/EIS funds for investments made in the 2017/2018 tax year. SFC has invested over £2M under the (Seed) Enterprise Investment Schemes across four funds in 36 UK-based startups, 28 of which are part of the organisation’s flagship fund, the SFC Angel Fund.

This has been SFC’s busiest investment period since its launch, which has allowed the firm to build its most diverse portfolio to date. The first tranche of the 2018 SEIS/EIS funds consists of companies operating in sectors as varied as Food & Drink, Autonomous Driving, and even Space Technology. Throughout the year, the SFC Funds have also co-invested with a number of leading early-stage investors. These include the British Robotics Fund, Force Over Mass, SC Ventures, the Development Bank of Wales, and, of course, the London Co-Investment Fund as well as the SFC Angel Network.

Raphael Fässler, Investment Associate at SFC, commented on the close of the funds: “We have seen great appetite this year from investors to invest in SEIS/EIS funds and had our busiest quarter to date. We expect demand to grow during the 2018/19 tax year, and all SFC funds have now been reopened for investments.”

Joseph Zipfel, Investment Manager at SFC, added: “Our co-investment model with our growing Angel Network and the London Co-Investment Fund has allowed us to double the size of the funding rounds that we syndicate for companies, which increases their chances of success. We expect this trend to accelerate in the new tax year with the new investment rules introduced by HMRC last month removing asset-backed investments from the scope of EIS.”

Alex Batlle Bosch Alex Batlle Bosch
Brand Manager