VGC Partners Technology Seed Fund IV

Investments shown on this site put your capital at risk and should be considered by experienced investors only. Learn more

This fund seeks tech-enabled companies addressing corporate innovation challenges and all investments must have received Advance Assurance from the HMRC.

  • £10,000
    MIN. INVESTMENT
  • Evergreen
    CLOSING DATE
  • Technology
    SECTOR

VGC Partners (formerly Velos Partners EMEA) are a global growth capital firm founded in 2011 with c. £100m under management across several funds and investment vehicles. VGC Partners have invested in seed, development and growth stage opportunities across multiple geographies with a number of exits and highly successful portfolio businesses.

This fund seeks tech-enabled companies addressing corporate innovation challenges and all investments must have received Advance Assurance from the HMRC.

Investee companies will receive technical mentorship, business acceleration and marketing support from the Fund Manager's corporate partners. Our SEIS and EIS businesses can receive follow-on funding through our 50m growth fund (VGC Partners Fund II) and VC network, if required, when they reach a later stage.

Application Process Update

In light of events happening around the world, managers have been revising their application acceptance procedures in close co-ordination with Custodians to ensure applications and funds are processed efficiently. Applications no longer need to be sent in the post to process wet signatures. Once you've submitted your application through CoInvestor, a member of staff will contact you directly with the managers simple instructions on who to send your scanned application to.

Highlights

  • Proprietary, off-market opportunities typically generating early revenues with sustainable, high gross margins
  • An opportunity to add more than just capital
  • Strategic guidance and operational expertise supplied to investee companies
  • Business acceleration including preferential access to corporate partners
  • Marketing support, brand building and access to corporate partner networks
  • Potential exit to a corporate partner
  • Corporate partners include Amazon, BBH, ZAG and a multinational investment bank
  • Strategic partners include Audi, Diageo, Microsoft and Sky

Market approach

A range of differentiated, defensible products with strong brand potential and highly experienced, credible management teams will be sought from the FMCG, digital media, E-commerce, sustainability, fintech and health & wellness sectors.

Financial overview

Targeting a 10-30% shareholding with a target return of 1.25x - 2x (before any benefits of tax relief)

Investment strategy

VGC Partners Technology Seed Fund IV will make SEIS-qualifying investments of up to £150,000 in approximately 10 technology-enabled companies that are addressing corporate innovation challenges and have developed at least a minimum viable product (MVP), but are more likely to already be revenue generating and showing signs of rapid user or customer adoption and scalability. Investee companies will typically receive technical mentorship, business acceleration and marketing support from the Fund Manager's corporate partners, as well as access to follow-on funding from VGC Partners or its network of corporate partners and VCs.  in order to preserve SEIS tax reliefs, the fund manager will aim to realise investments after three years with the potential for portfolio companies to exit to corporate partners.

Key team

Parminder Basran - Managing Partner

Parminder is the Managing Partner of VGC Partners LLP (formerly Velos Partners EMEA LLP), a growth capital firm investing at the intersection of consumer, media and technology. Parminder is also the owner of Twenty Ten Capital Limited, a UK-based investment firm which has made a number of investments through Special Purpose Vehicles (‘SPVs’), including SuperAwesome, 10Ten Talent, Iconic Images and Metropolis. Parminder comanages Velos Partners Fund I, a consumer Venture Capital fund that has offices in Los Angeles, London and Singapore and has made a number of investments including Hampton Creek, Surf Air, Silvercar, Bilna and Hopscotch. Parminder has a BA in Management Studies from the University of Leeds and holds an MBA from

London Business School. He also spent 2 years studying at Rutgers in New Jersey, USA.

Henry Chamberlain - Partner

Henry is a Partner of VGC Partners LLP and has over 15 years of investing, executive management, fundraising, M&A and IPO experience. Henry founded LifeStageMedia in 2004 and achieved a successful exit five years later to US private equity. Henry joined IBIS Capital in 2012 to manage the firm’s Media Venture Capital Trust (‘VCT’) and direct investments. He has led Series A investments in six companies and more recently facilitated strategic investment into portfolio companies from MTG in

Sweden and Sky and ITV in the UK. Henry has a MA in History and Politics from The University of Edinburgh and a number of financial regulatory qualifications in the UK and US.

Andrew Lister - Investment and Portfolio Director

Andrew worked in KPMG Turnaround Advisory for 7 years, leading and managing performance improvement, turnaround and financial restructuring projects for company boards in the UK and internationally.

In 2015, he joined Marlin Equity Partners, a US technology fund. Alongside M&A, Andrew focussed on portfolio company performance improvement, both as a principal and interim executive, for the European portfolio.

Andrew joined VGC Partners in 2019. He has a MBA from Manchester Business School and a MEng in Aerospace Engineering from The University of Manchester.

Documents

Only registered investors can access the documents. Receive access by registering for an account.


The content above has been provided by VGC Partners LLP who are authorised and regulated by the Financial Conduct Authority under firm registration number 602730.