Why we started this fund
We believe we owe it to both entrepreneurs and investors to create a more rewarding experience. This belief led us to start Nova (Nova Cofoundery Limited) in 2008, to build successful startups with ambitious tech founders. The same belief led us to launch Nova Growth Capital and this SEIS & EIS investment fund 10 years later.
Having Nova as our venture building partner means investors benefit from
co-investing with partners who are deep rooted in creating success for the startups that we back.
At a glance
£10,000 / annum*
Initial set-up fee
Annual management fee
*Smaller individual payments may be accepted at the Investment Managers discretion
** Performance fee occurs only once on original investments that return over 150%
Investee Company Fees
Initial set-up fee
Annual management fee
Please check the fees section of the Information Memorandum for full details. All fees and charges are stated exclusive of VAT, which may be applicable in some cases. Any fees and charges payable by the investee companies or the underlying businesses do not directly come out of your investment. However, they will effectively reduce the returns generated by investee companies and therefore directly impact your investment.
Key team members
Chief Executive Officer
Andy is a software engineer and serial technology entrepreneur. Over the last 20 years he has co- founded numerous technology companies, he still holds directorships in many of them, including Lucid Games and Sentric Music. Along with software engineering. Andy has strong financial experience, raising over £5M in seed venture capital for the companies he has co-founded. In 2017 Andy was recognised by the Sunday Times as one of the UK’s top 100 disruptive entrepreneurs.
Chief Growth Officer
Olivia has over 20 years experience establishing and delivering digital business strategy, innovation, transformation and operations. As Chief Growth Officer at Nova, Olivia heads up the business mentor and product management teams, which support all Cofoundery investees to drive growth in the value of the portfolio. Between 1999-2013, Olivia worked with Amaze, one of Europe’s leading digital transformation businesses. During this period, Olivia worked with many well known global brands, and held several roles from programme manager to transformation consultant to operations director, at which point she was directly responsible for the entire delivery portfolio of £10m+ and teams across four offices. Subsequently, Olivia worked as an independent consultant, notably as part of the team that established and ran the digital innovation programme for the London- based Astrazeneca Digital Innovation Group.
Paul is a veteran digital and telecoms entrepreneur and is exceptionally well-connected in the telecoms, film, media and digital industries. He founded the Tubedale group in 1989 which are an international telecommunication, project management, software development, and integration practice. Paul is
also the Ambassador for Big Data Analytics and Customer Experience for the TM Forum which, with 900 members, is the largest global trade association focused on bringing together the digital ecosystem. Paul is currently Chairman of Lucid Games, Tubedale Films, Stagereel Films and A&M Wealth Management.
Chief Marketing Officer
Alistair is both a founder and C-level sales and marketing professional with over 15 years of senior leadership and board experience of starting and growing industry-leading sales brands. He is responsible for oversight of the Nova Group’s commercial efforts as well as delivering the Fund Acquisition strategy.
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Please read our full risk warning and disclaimer: https://invest.novagrowthcapital.co.uk/risk
Investments of this nature carry risks to your capital. The risks include illiquidity where shares may not be able to be sold easily, lack of dividends and dilution. Past performance is not indicative of future returns. Investors should only invest a proportion of their available investment funds into Nova Cofoundery SEIS & EIS Fund as these investments are high risk.
The availability of any tax relief, including EIS and SEIS, depends on the individual circumstances of each investor and of the company concerned, is only available for UK investors in qualifying companies and may be subject to change in the future. If you are in any doubt about the availability of any tax reliefs, or the tax treatment of your investment, you should obtain independent tax advice before proceeding with your investment.
Nova Growth Capital Limited is a private limited company registered in England and Wales (Company Number 11591402). Nova Growth Capital Limited (FRN 826519) is an Appointed Representative of Sapphire Capital Partners LLP (FRN 565716), who are authorised and regulated by the Financial Conduct Authority.
FUND INVESTMENT FEES
5% initial fees and 2% annual fees paid by the Fund Investee Companies, resulting in 100% allocation of investment for tax reliefs with no additional fees. 20% performance fee only once on original investments that return over 150%.
Registered address: Nova Growth Capital, 57 Jordan Street, Liverpool, Merseyside, England, L1 0BW
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© NOVA GROWTH CAPITAL 2021