All about the Fuel Ventures SEIS Fund

The Fuel Ventures SEIS Fund aims to invest in a diversified portfolio of 30-45 early-stage technology companies per year. Set up and run by Mark Pearson, founder of MyVoucherCodes, Fuel Ventures has invested £184.8 million into 148 EIS and SEIS-qualifying companies since 2013.

The Fuel SEIS fund aims to deploy over a 12 month period and is targeting a 5x return to investors. The fund seeks to back SEIS eligible, fast-growing Software as a Service (SaaS) businesses, online platforms, and marketplaces – but at a much earlier stage.

Fuel backs these types of business as they tend to be easily scalable, have low costs per unit sold, with growth limited only by market demand and not by the ability of the business to supply it.

The team at Fuel Ventures take a hands-on approach and use their sector experience to help the companies build and scale their products and services.

Summary
Fund Manager: Fuel Ventures
Tax Efficiency: SEIS
Sector Focus: Fast-growing Software as a Service (SaaS) businesses, online platforms, and marketplaces
Stage Focus: Pre-seed
Target Portfolio Size: 30-45 companies
Minimum Subscription: £20,000
Closing Date: Currently closed
Website: Learn more about Fuel Ventures SEIS Fund

Pros & Cons

Pro: The fund diversifies across a large portfolio of high potential early stage ventures. The team seeks to be hands on and supportive using their experience to help build and scale.

Con: Investors and Companies pay 5% upfront meaning a total of 10% of the invested capital is taking out in fees and not used to build the businesses.

Fees
Full initial fee: 5%
Annual management fee: nil
Administration fee nil
Dealing fee: nil
Performance fee: 30% on the amount above 120% returned

Investee company fees
Annual management: 1% of the funds invested in the company*
Annual custody: nil

How does SyndicateRoom's Access EIS Fund compare?

By comparison, SyndicateRoom's Access EIS fund builds investors a large portfolio of 50+ companies across all sectors, co-investing with experienced angel investors who have an average IRR of 42%. Our model is based on our proprietary analysis of the UK startup market, which showed that on average, the market grows by 28% each year. With large portfolios, and a large network of angels providing access to the best deals, earlier, we aim to replicate that annual growth for our investors while mitigating risk. This data-driven approach aims to work around the limitations of a single fund manager attempting to pick winners.

Our minimum investment is £5,000.
Fund Manager: SyndicateRoom
Tax Efficiency: EIS
Sector Focus: Sector Agnostic
Stage Focus: Early-stage
Target Portfolio Size: 50+ companies
Minimum Subscription: £5,000
Closing Date: Evergreen
Website: Learn more about the Access EIS Fund
Please note: SyndicateRoom is not affiliated with Fuel Ventures. This page is for informational purposes only, and is the result of research conducted by SyndicateRoom. Whilst every effort has been taken to ensure accuracy at the time of publication this cannot be guaranteed and information is liable to change. Information displayed is neither a recommendation to invest or not, nor advice. With investments, your capital is at risk. SyndicateRoom is not responsible for the content of any external websites linked to from this page.

Are you the fund manager? Email [email protected] with any comments or amends.