LBA investment helps Emoquo to close £85k SEIS structured funding round being LBA’s 11TH deal closed in first half of 2012
Early stage Newbury based people skills e-learning specialist, emoquo (www.emoquo.com), has successfully closed an £85k SEIS structured investment which was underpinned by an investment by LBA investors. The company has developed a solution that works on the same principle as Itunes – a collection of learning products that organisations stream via their desktop, mobile devices or TV channels, which address everyday work related people issues i.e. how to have an honest conversation with someone who is underperforming. The company is revenue generating with a number of blue-chip clients already actively using the company’s products. The new funds will be used to scale up the company’s resources and allow it to accelerate growth.
Kevin Ashley, Emoquo Managing Director, comments, “The LBA facilitated access to a large number of diverse investors and we are exceptionally happy with our new shareholders. We would not hesitate to use the LBA again in the future and thank them for their support, advice and assistance during this process"
Anthony Clarke, LBA Managing Director, comments, “ a key challenge for LBA is finding SEIS eligible investment prospects with the potential to scale and deliver high growth. Emoquo is one such company which has the potential to deliver significant returns whilst allowing investors to take advantage of the excellent tax breaks offered by SEIS. I am sure that the LBA investors will also add value and my congratulations to the Emoquo team on their success. This particular deal marks the 11th deal that LBA investors have completed in 2012, taking the total level of investments closed to over £6m. LBA continues to welcome enquiries from innovative and high growth potential investment opportunities”
London Business Angels
Anthony Clarke, Managing Director
Tel: +44 (0)20 7321 5672
E-mail: enquiries@lbangels.co.uk
Web: www.lbangels.co.uk
About London Business Angels
LBA is one of the most experienced private angel networks in the UK. Since the early 1980s the network has been connecting innovating fast growth small and medium sized enterprises with investment through our network of business angel investors. LBA, part of Angel Capital Group, is professionally managed by a highly experienced management team, leveraging over 15 years’ experience in the early stage investment marketplace as established leaders in the development of new angel-led early stage investment initiatives, and nearly 30 years’ investing experience through the LBA network. LBA is a founding member of the British Business Angels Association, the industry's best practice trade association, and is also a member of EBAN, the European Business Angels Network.
About the LBA EIS/SEIS Approved RoundTable Syndicate Funds
The LBA EIS Approved RoundTable Syndicate Fund is the culmination of 30 years’ experience of pioneering innovation in the UK Angel investment market. This FSA regulated HMRC Approved EIS Fund offers LBA Investors an innovative way to acquire a portfolio of investments, while taking advantage of the personal tax relief offered by the Enterprise Investment Scheme. The First £300k LBA EIS RoundTable Fund 2010 was fully invested in January 2011, making four investments in leading edge technologies during the previous year, spread across a range of sectors: Eykona (medtech); Syrinix (cleantech); ipadio (mobile); The Electrospinning Company (nanotech).
Following the successful 2010 Fund, the LBA EIS Approved RoundTable Syndicate Fund 2011-12 closed for subscriptions on 13 May 2011, being 40% larger at £420k. The fund invested in 5 leading edge technologies spread across a range of sectors: Camstent (medtech), Momentum Bioscience (medtech), Phase Vision (high value manufacturing), Michelson Diagnostics (medtech), Isotera (cleantech)
The LBA EIS Roundtable Syndicate Fund 2012, closed for subsciprtions on 5th April 2012, being the largest raised to date at £455k. The fund will seek to invest in 5-6 early stage companies in the forthcoming year.
The LBA SEIS Roundtable Syndicate Fund 2012, closed for subscriptions on 19th October 2012 and will seek to co-invest across 4-5 SEIS eligible deals alongside LBA investors
