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ARIE Capital raising £10m EIS fund with eye on Chinese market 4 Feb 2021
New fund from veteran financier offers path for tech companies to enter the vast Chinese market with its 1.4bn potential customers
ARIE Capital, the London-based venture capital fund, is raising a £10m Enterprise Investment Scheme (EIS) fund to back up to six tech start-ups.
What makes ARIE Capital different is that it offers portfolio companies not only follow-on funding through its £26m VC fund but also a way into the Chinese market with its 1.4bn customers.
The fund manager is giving itself until March 31 to raise the £10m and has already identified its first four investments.
Venture capital trusts lobby for relaxed state aid rules
Venture Capital Trust Association chair speaks to Computer Weekly about how the UK’s exit from the EU means state aid rules can be rewritten to allow for the expansion of funding mechanisms used by tech startups
Share this item with your network: By Published: 03 Feb 2021 12:00
With the business failure rate for early-stage technology startups reaching new highs during 2020 as a result of the pandemic, the investor community is seeking to shake up the UK’s funding infrastructure to make it easier for new tech businesses to access the capital they need to accelerate their growth.
More investors are considering start-ups for their potentially strong returns - and a tempting 30 per cent tax break - but the sector says it still needs almost £7billion to reach its potential.
The Enterprise Investment Scheme is a government-led scheme that helps younger, businesses raise finance by offering investors generous tax reliefs, including income tax and capital gains relief and some protection against losses, in return for such high-risk investing.
Alex Davies, chief executive of Wealth Club, a tax-efficient investing platform said demand from investors has been suprisingly strong over the past year, with people choosing to back firms using technology to drive their business.
Former Crowdfunding Platform Syndicate Room Receives £10 Million Commitment from British Business Bank for Investments
British Business Investments has committed £10 million to
Syndicate Room. British Business Investments is a subsidiary of the B
ritish Business Bank. Syndicate Room was previously an investment crowdfunding platform that has since migrated to a fund model.
According to a noted from Syndicate Room, the £10 million commitment from British Business Investments’ Regional Angels Programme will be invested over a five-year period. Syndicate Room will target a minimum of 250 investments, supporting the Regional Angels Programme’s objective to address regional imbalances and diversify the availability of angel finance.