Praetura EIS Growth Fund

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We seek to provide investors with capital growth from exciting early-stage businesses in the North of England and beyond

  • £25,000
    MIN. INVESTMENT
  • 30.03.21
    TRANCHE CLOSE
  • Generalist
    SECTOR

Following a hugely successful 12 months, we're delighted to be able to introduce to you the Praetura EIS Growth Fund. We will invest in c. 8-10 promising young businesses of similar scale and quality as our previous investments. There will be two soft closes a year. We expect to fully deploy capital within 6 months of each relevant close date.

We seek to provide investors with capital growth from exciting early-stage businesses in the North of England and beyond. We founded the business to take advantage of the North’s shortfall in venture capital, helping to address the need for funding from the region’s young companies.

Alongside our Northern focus, we are committed to providing more than money to each of our investments, leveraging our experience, network and resources to help them succeed. We only invest in businesses where there is the opportunity to add significant value on a strategic level, and we credit this approach as the reason for success in our previous investments.

Highlights

  • Focusing on early-stage businesses in the North of England
  • Targeting a minimum return of 2x capital
  • Investments will range from £1 to £3 million
  • Seeking to raise at least £10 million
  • Deployment across 8-10 companies

Market approach

The fund will invest in companies who can thrive in their market. Praetura are looking for attractive niches within existing markets or opportunities to be a first mover in a new market segment. Areas of focus include; Creative, Digital & Tech, Financial, Professional & Business Services, Energy & Environment, Advanced Manufacturing and Health & Life Sciences.

Financial overview

Praetura Ventures aims to fully deploy the Fund in 8-10 EIS eligible companies within 6 months of the relevant ‘soft-close’, targeting a minimum 2x return on capital.

Investment strategy

The Praetura EIS Growth Fund will invest in c. 8-10 promising young businesses of similar scale and quality. There will be two soft closes a year. Praetura expect to fully deploy capital within 6 months of each relevant close date. At Praetura Ventures, the aim is to provide investors with capital growth from exciting early-stage businesses in the North of England and beyond.

Businesses they look to back with the Fund all provide access to recurring, high margin revenue streams and have the opportunity for operational leverage once scaled. Paretura are prepared to back these inherently scalable business models early. By making an early investment in a business, they are able to work with driven management teams at the foundational stages of a business and support them in growing successful ventures.

The fund is targeting a minimum return profile of 2x return on capital. This, combined with the tax reliefs available from the EIS structure and the Praetura approach and track record, offers investors looking for meaningful capital growth investments an attractive investment opportunity.

Key team

David Foreman - MD, Ventures

David co-founded Praetura with a background of over 12 years in corporate finance and venture capital. He qualified as an ACA with KPMG and has considerable experience in backing financial services and recurring revenue businesses. David has a focus on the application of data, IT and technology to enable efficiencies within businesses.

Peadar O’Reilly - MD, Debt

Peadar, a founding partner at Praetura, has over 20 years’ secured lending experience having previously held senior roles at Bank of Ireland and ABN Amro. He helped establish a successful UK ABL business for Bank of Ireland and is responsible for raising over £200m of bank facilities from mainstream and specialist institutions for the Praetura group of companies. He is a founding Director of Praetura Asset Finance, Praetura Commercial Finance and Praetura Debt Co.

Exit strategy

The Fund will look to facilitate an exit within a target timeframe of 5-7 years. Exits will likely be achieved through trade sale, private equity backed management buyout, or an IPO.

Documents

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The content above has been provided by Praetura Ventures who are authorised and regulated by the Financial Conduct Authority under firm registration number 817345.