THE NEW KIDS ON THE BLOCK A regular feature article which showcases the newest offerings from the sector.
INVESTMENT: HAMBRO PERKS GROWTH EIS FUND AIM: HELPING BUSINESS FOUNDER TO BUILD GLOBAL COMPANIES TELL US ABOUT THE FUND Hambro Perks is a venture firm that backs outstanding founders and helps them build global companies. Founded by successful entrepreneurs and investors with a history of creating, scaling, internationalising and exiting businesses, and backed by a number of family offices and corporates as shareholders, Hambro Perks is an active investor that is able to provide support from the very earliest stages of a company’s journey. The provision of patient capital from our own balance sheet means we are aligned with the long-term goals and interests of the founders that we back, and we are able to support them over time as they build truly exceptional businesses. Many of our investee companies are resident in our office, and use the legal, accounting and digital marketing services that we provide. The alignment of interests created by this structure improves returns and makes us a destination of choice for the best founders as they build fast growth technology-enabled businesses. The Hambro Perks Growth EIS Fund is structured as a series of individual managed accounts and provides an opportunity for individuals to co-invest with Hambro Perks in the same opportunities with the clear understanding that every investment sits alongside Hambro Perks’ own shareholder capital.
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GB Investment Magazine · June 2019
This enables individuals to benefit from proprietary deal flow while also benefiting from EIS reliefs. Over 12-18 months we aim to provide our investors with a diversified portfolio of 10-15 investments in companies at various stages of development, from early stage through to Series A, across a number of different sectors. The fund was launched in Q1 2018, and we were proud to receive the Highly Commended Award in the EISA’s Best Newcomer 2018 final. HOW MUCH IS BEING RAISED? The fund is evergreen and aims to raise £15 million to £20 million per year. WHAT TYPES OF INVESTMENTS ARE BEING SOUGHT? While we are sector agnostic, we have sector specialties in education technology, InsurTech, FinTech, digital health, digital media, and business services, and these represent around two-thirds of our portfolio. We look to back outstanding founders of businesses that are technology-enabled, capitallight, can disrupt large established markets, and have global potential. We invest initially in companies at seed to Series A stage (we are happy to be the first
