- What is the minimum investment required?
The minimum individual investment in the Fund is £10,000, although that can be spread throughout a year through monthly instalments. At our Investment Manager’s (Sapphire Capital) discretion, smaller individual investments may be accepted.
- How do I register & invest?
- What happens post investment & how do I reinvest?
- Is there a fee to invest?
We do not charge any initial set-up fee or management fee to the investor. There is only a performance fee of 20% which occurs only once on original investments that return over 150%. You can find out about all the fees here.
- Are you registered with the FCA?
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. You can find us on the FCA register here.
- What are the risks?
Please read our full risk warning and disclaimer.
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. There is no assurance that the investment objectives of any investment opportunity will be achieved or that the strategies and methods described herein will be successful. 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. Investors are recommended to seek independent advice before committing or if they have any doubts as to the appropriateness or suitability of such an investment in relation to their specific circumstances.
- What type of investor do I need to be?
The investor types you can qualify as a direct investor are:
A sophisticated investor is a high-net-worth investor who is considered to have a depth of experience and market knowledge that makes them eligible for certain benefits and opportunities.
2. High Net Worth
A high-net-worth investor is somebody with around £1 million in liquid financial assets.
An investor who has not invested (and will not invest) more than 10% of their net assets per year in shares, bonds, fund or other securities that are not listed on a stock exchange.
- What is the targeted return?
The targeted return after three years is £1.72 for each £1 share held by investors in the Fund and does not include any deduction for performance incentive fees or include any SEIS & EIS tax reliefs. Please note that this return is not guaranteed.
- What sort of returns have your customers achieved?
In terms of success, the Nova Cofoundery has had 3 exits to-date, but as the investment horizon on each of the investments is a recommended 6 years and the fund (which follows the groups investment strategy) has not been for a few years, our fund clients still have a number of years until we expect to start seeing their returns.
- What companies do you invest into?
As a fund we invest into a target of 20 startups a year. We invest early, at the idea stage of a startup and therefore we do not invest into companies that are known brands (yet). You can have a look at some of our portfolio companies here.
We often split investment across our current portfolio and newly founded businesses. We also aim to start 20 new companies each year.
- Can I carry back investment to the previous tax year?
Depending on when you invest, you may need to file and pay your tax return. We provide you with your SEIS3 which allows you to claim the tax relief from HMRC. If you invest with EIS or SEIS, you can claim relief up to 5 years after the 31 January following the tax year in which you made the investment. Carry back is possible on all or part of the income tax relief to the preceding tax year, assuming there is some left over from the current tax year.
- How do I access my tax certificates (SEIS3/EIS3)?
Our online portal will hold all your documents as and when HMRC issues them. Each time you get a SEIS3 or EIS3, you will receive an email informing you of such and advising you to log into your account to view it.
- Can I get investment as a founder?
- How do you decide which founders / businesses you invest in?
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
© NOVA GROWTH CAPITAL 2021