Force Over Mass Capital to launch new technology fund
Fund will give individual investors the opportunity to back high growth tech start-ups in areas such as fintech and ecommerce
Specialist technology start-up fund Force Over Mass Capital has launched a new fund to invest in fast growth technology companies eligible for the Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS).
The fund will allow high net-worth investors to invest in early stage technology companies with high growth potential within a risk mitigated portfolio. Potential tax relief of up to 64% of the capital will be available.
The fund aims to raise £15m in subscriptions between now and March 31 2015, with a minimum investment of £25,000 and intends to build a varied portfolio of up to 40 high growth tech companies in areas spanning fintech, ecommerce, artificial intelligence and life science.
The team will invest in the strongest companies within the portfolio in three phases, with an initial injection of between £50,000 and £125,000, followed by a further two tranches to build market share extend product range and streamline the business model.
Investee companies will be provided with tailored support though accelerator and incubator programmes, as well as access to Force Over Mass Capital’s global network of mentors.
Force Over Mass Capital’s CEO, Martijn de Wever, said: “London is now Europe’s capital of technology as it continues to attract record numbers of UK and foreign technology firms, and has the potential to build a new economic powerbase to reduce the City’s historic dependence on financial services.
“Technology is arguably the UK’s fastest growing sector and the investment opportunity offered by Force Over Mass Capital’s EIS SEIS Fund is highly attractive for investors who are keen to find income while managing risk in a near zero interest rate environment.”
“The Fund has been designed for innovative, technology start-up businesses, seeking capital, who view the UK as an attractive and collaborative place to launch and grow their business and therewith add value to the economy.”