Case study


How we support early-stage innovative companies to get the funding they need

About


We regularly advise SEIS (Seed Enterprise Investment Scheme) and EIS Funds.

Examples include the Velocity EIS and SEIS funds, who we have supported since 2015. The Velocity funds focus on technology-enabled companies and have invested in over 40 companies to date. Companies the funds have invested in include:

  • Snatch, a game that uses GPS/GEO location to place mystery parcels on to participant smartphones.
    • AURIS Tech which uses proprietary interactive automatic speech recognition software to encourage and teach children to reach English via “listening books”.
      • ITAR, a digital guitar that can be used with tablets and smartphones.
        • Pixsee, technology that can tell the subject matter of a respective image or video and categorise it into highly granular IAB-advertising based categories.
        • We acted for the funds on their regular investments.

          Key contact


          How we support young companies…


          Young companies often have a lot of demands on limited cash resources. To help with this we offer discounted advice to investee companies in their first year as members of the Velocity portfolio. We have done this for Snatch, advising on commercial contracts and a further funding round which has brought in new shareholders including Unilever Ventures.

          Our team also advised on establishing the Oxford Technology and Innovations EIS Fund, which typically invests amounts up to £1,000,000 in, primarily spin-outs from the University of Oxford. Investee companies include Oxford Photovoltaics. Oxford Nanoimaging, Jupiter Diagnostics and Oxtec. The fund has already exited from one investment after Oxitec, a biotech company specialising in genetically modified insects for pest control, was acquired by US Corporation Intrexon.

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          Lupton Fawcett is a leading commercial law firm in Yorkshire providing professional Start-up & Scale-up legal services to dynamic businesses across the UK.

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