Kuber Ventures, the alternative fund investment platform has today announced the addition of two new SEIS funds to its business platform, accompanied by new iterations of two existing funds, further enhancing the fund range available.
The British Design Fund 2 and The British Robotics Sidecar Fund have joined the platform which has seen strong interest from advisors, intermediaries and private investors following the move into a genuine growth-orientated environment.
The British Design Fund 2 is focusing its investments in UK based early-stage companies that seek to lead the market in innovative product design and manufacturing. The fund aims to invest at least £100,000 in each investee company in return for up to 30% equity with a target diversification of a minimum of five companies.
It is followed by The British Robotics Sidecar Fund targeting investments in UK based robotics and artificial intelligence start-ups, aiming to deliver superior returns to investors and enable pioneering British industry. It sees the potential of the global robotics market to exceed £200 billion by 2021 and will leverage that potential with between £25,000 and £150,000 investments in investee companies.
The additions are accompanied by new iterations of Guinness EIS and Worth Capital’s Start-Up Series Fund EIS/SEIS on the Kuber Platform. Non-sector specific, the Start-Up Series Fund invests in early stage consumer goods and services companies, and in certain B2B opportunities. Following a successful SEIS offering, the fund has now launched a follow-up hybrid SEIS/EIS offering.
Guinness EIS is a generalist fund looking at businesses with good visibility on future growth and expanding working capital requirements.
Kuber is also pleased to announce the appointment of a new non-executive Chairman David Moss. David Moss has over 25 years’ experience as a corporate finance lawyer but in recent years has been focused on helping companies to achieve and build upon success, wearing different hats as required from that of in-house counsel, to commercial director, to anywhere in between.
He is joined by another new addition to the business development team, Claire Poole who as Business Development Associate will bolster the business development offering through account liaison and associated lead generation.
Dermot Campbell, CEO of Kuber Ventures, said: “Bringing these funds on board further strengthens our diversification mantra. Investors now have even more industries and opportunities from which to choose to build diversified portfolio as evidenced by the variety of these funds. We are delighted to be contributing to the growth of knowledge-intensive business in the UK through our platform and to have David Moss on board as we navigate the ‘new EIS’ landscape and wider economic changes taking place in the UK.”