The Ascension SEIS Fund
Fund Overview
The Ascension SEIS Fund provides investors access to a portfolio of early-stage, high-growth UK companies in sectors like fintech, deeptech, health, commerce, and digital media. It seeks to deliver tax-free capital growth while supporting innovation at the pre-seed and seed stages.
The fund targets a return of £3.00 for every £1.00 invested over 5 to 8 years, excluding tax incentives. The minimum investment is £25,000.
Investment Strategy
The Ascension SEIS Fund emphasizes:
- Team Quality: Strong leadership teams with complementary skills.
- Market Potential: Scalable business models with clear market opportunities.
- Sector Focus: Technology, fintech, commerce, deeptech, and health.
The fund supports companies with early traction and minimum viable products (MVPs), leveraging its network of mentors and co-investors to drive growth.
Fund Performance
| Year | Fund Return (%) | Portfolio Size |
|---|---|---|
| 2015 | 308 | 16 |
| 2016 | 326 | 14 |
| 2017 | 138 | 12 |
Target Return: £3.00 for every £1.00 invested over 5-8 years.
Tax Benefits
Investors benefit from:
- 50% Income Tax Relief: On investments up to £100,000 annually.
- Capital Gains Tax Exemption: On SEIS investment gains.
- Inheritance Tax Relief: 100% relief after two years.
- Loss Relief: Up to 45% of the net loss.
Tax treatment depends on individual circumstances and may change.
Fund Documents
Contact Information
- Email: [email protected]
- Website: Ascension Ventures
Comparison with Access EIS
Both Ascension SEIS Fund and Access EIS offer tax-efficient investment opportunities, but they cater to different investor profiles:
| Feature | Ascension SEIS Fund | Access EIS |
|---|---|---|
| Investment Focus | Early-stage UK tech companies | Diverse portfolio across various sectors |
| Minimum Investment | £25,000 | £5,000 |
| Tax Benefits | - 50% Income Tax Relief - Capital Gains Tax Exemption - Inheritance Tax Relief - Loss Relief | - 30% Income Tax Relief - Capital Gains Tax Deferral |
| Portfolio Size | 10-12 companies | 50+ companies |
| Risk Level | High | High |
Note: Both funds involve high risks, and past performance is not indicative of future results. Investors should seek independent financial advice before investing.