LBA announces new £455k HMRC Approved EIS Roundtable Syndicate Fund with total raised to date by LBA Funds at circa £1.2m since 2010
LBA is delighted to announce that the new £455k HMRC Approved EIS Roundtable Syndicate Fund is open for business in FY 2012/13 with all cash now held by the Fund’s Registrars. This Fund, being the biggest raised by LBA to date, will seek to act as a catalyst for investment through co-investment in circa 5-6 LBA companies in FY 2012/13 alongside LBA investors. Notably, the Fund is also a syndicate partner of the £50m government backed angel co-fund (http://www.angelcofund.co.uk/) giving the fund a potential investment partner in relation to all qualifying deals.
LBA’s first £300k LBA EIS Roundtable Syndicate Fund was fully invested in January 2011, making four investments as part of LBA syndicates in leading edge technologies during the previous year, spread across a range of sectors: Eykona (Medtech), Syrinix (Cleantech), Ipadio (Mobile), The Electrospinning Company (Nanotech).LBA’s second £420k fund was fully invested in April 2012, making investments into 5 companies as part of LBA syndicates in leading edge technologies during the previous year, spread across a range of sectors as below: Camstent (Medtech), Momentum Bioscience (Medtech), Phase Vision (High Value Manufacturing), Michelson Diagnostics (Medtech), Isotera (Cleantech)
Anthony Clarke, Managing Director of LBA comments, “Our latest LBA EIS Roundtable Fund offers companies which build angel syndicates, an opportunity to significantly increase the level of investment achieved through the LBA network. We are particularly pleased that LBA and this Fund is now a syndicate partner of the Angel Cofund which gives the LBA network further investment firepower. The LBA EIS Roundtable Syndicate Fund model has now raised £1.175m since 2010 and continues to offer LBA members a portfolio approach to angel investing thereby increasing the chances of achieving sustainable returns.”
Companies: For the opportunity to present your business to our investors and potentially leverage LBA's Fund, please click here to find out more about the service we provide before making an application to email@example.com.
Investors: For more information about the service LBA provides for investors and how to get involved in the Fund's next round please click here.