EcoMachines Ventures announces the launch of EMV EIS FUND I
EcoMachines Ventures (EMV), the specialist investor in energy and industrial high-tech companies, announces the launch of the EMV EIS Fund I. The Fund will be focused on investments into EIS-eligible companies disrupting the energy, industrial high-tech, resource efficiency and transport sectors, and is targeting a close of up to £10m by March 2018. EMV is acting as exclusive investment advisor to the Fund, bringing its established expertise and analytical framework within high-growth technology sectors. Further details are available at http://ecomachinesventures.com/emv-eis-fund.
The EMV EIS Fund I is targeted at IFAs, wealth managers and professional investors seeking access to EIS investment growth opportunities in ambitious UK companies looking to scale up, internationalise and partner with global corporations. The focus is on investments in sectors where there are significant opportunities for the adoption of new technologies, such as in robotics, artificial intelligence, and industrial IoT.
The Fund is managed by Sapphire Capital Partners LLP, an award-winning specialist investment fund manager which focuses on EIS and SEIS solutions, with EcoMachines Ventures acting as exclusive investment advisor. The Fund’s custodian is Mainspring Nominees Limited, an award-winning custodian which focuses on UK EIS and other funds with more than£1bn under custody.
Stephen Geddes, Managing Director of Mainspring Nominees, said: “We are thrilled to be working with EcoMachines on their EMV EIS Fund I and are excited by the opportunity to be involved with such an innovative new EIS offering. We have built a strong relationship with the team in the run up to the launch and look forward to supporting EcoMachines Ventures as they grow. “
A Hardman & Co research report found that the EMV team “brings experience of both building new businesses and venture capital investing. The track record of EMV shows an ability to raise and deploy capital… [and] an ability to work with/alongside large corporates which could supply additional technology validation, support or finance options”.1
Dr. Ilian Iliev, MD of EcoMachines Ventures commented: “We expect the EMV EIS Fund I will provide EIS investors with the opportunity to invest in some of the UK’s most ambitious B2B companies with industry-leading technologies and the potential to become international leaders in their market segment, and who can demonstrate traction with major global corporations as a way of accelerating growth and obtaining routes to market. We will leverage our expertise, international investor base, and relationships with some of the leading global corporations to the benefit of the fund, and its future investments.”
Boyd Carson, Managing Partner of Sapphire Capital Partners LLP, said: “We are delighted to partner with the EcoMachines Ventures team. As a firm specialising in the B2B space, EMV brings depth of experience and capability to the EIS space that we expect will position the EMV EIS Fund I as a unique growth investment opportunity in the EIS investment landscape.”
The Fund is targeted at the 2018/2019 tax year, with a close date expected in March 2018. Interested parties can find out more about EMV EIS Fund I on http://ecomachinesventures.com/emv-eis-fund.
Investment into the Fund may not be suitable for all Investors. Investors should be aware that investing in private companies carries with it a high degree of inherent risk. EcoMachines Ventures does not provide investment, taxation, legal or other advice and potential investors should consult the Information Memorandum provided by the Manager and seek advice from an independent source before investing.