Kuber Ventures bolsters alternative fund investment platform
Kuber Ventures has added two new SEIS funds to its business platform, accompanied by new iterations of two existing funds, further enhancing the fund range available.
British Design fund 2 and British Robotics Sidecar fund have joined the platform which has seen strong interest from advisors, intermediaries and private investors following the move into a genuine growth-orientated environment.
British Design fund 2 is focusing its investments in UK based early-stage companies that seek to lead the market in innovative product design and manufacturing. It aims to invest at least £100,000 in each investee company in return for up to 30% equity with a target diversification of a minimum of five companies.
The other fund will target investments in UK based robotics and artificial intelligence start-ups, aiming to deliver superior returns to investors and enable pioneering British industry. It sees the potential of the global robotics market to exceed £200bn by 2021 and will leverage that potential with between £25,000 and £150,000 investments in investee companies.
The additions are accompanied by new iterations of Guinness EIS and Worth Capital’s Start-Up Series fund EIS/SEIS on the Kuber Platform. Non-sector specific, the Start-Up Series fund invests in early stage consumer goods and services companies, and in certain B2B opportunities. Following a successful SEIS offering, the fund has now launched a follow-up hybrid SEIS/EIS offering.
Kuber has also appointed new non-executive chairman David Moss. He has over 25 years’ experience as a corporate finance lawyer but in recent years has been focused on helping companies to achieve and build upon success, wearing different hats as required from that of in-house counsel, to commercial director, to anywhere in between. He is joined by another new addition to the business development team, Claire Poole who as business development associate will bolster the business development offering through account liaison and associated lead generation.