New fund to back young tech entrepreneurs

The Entrepreneur First Fund is the first Fund brought to market by JustInvesting, the recently-launched angel investment platform. It will allow investors to deploy capital into the start-ups going through the Entrepreneur First 2013 accelerator programme and to monitor their portfolio performance on the JustInvesting platform.

The start-ups receiving investment cover a wide range of sectors, including:

- Spacious – a marketplace for commercial real estate;

- OnlySix – a content personalisation solution for online newspapers and magazines

- Dentafly – an online marketplace for people seeking medical treatment abroad;

- Code Kingdoms – a game generation engine which allows children to design, programme and play their own games.

The partnership between JustInvesting and Entrepreneur First offers investors an innovative way to acquire a portfolio of investments in some of the UK’s most exciting start-ups, while taking advantage of the personal tax relief offered by the Seed Enterprise Investment Scheme.

Entrepreneur First are looking to make founding a start-up the number one career choice for the most ambitious technical graduates. The accelerator helps founders to create cutting edge technology solutions to real-world problems and, with the addition of investment from the fund, finance their early commercial development as well.

Fund management and administrator services on the fund are being provided by Thompson Taraz LLP.

Rob Desborough, Investment Director JustInvesting said: 

“This is one of the most exciting and innovative fund solutions available to early-stage investors and accelerators. Not only will it enable accelerators to raise their own Venture Capital funds and mobilise investment into their programme companies more efficiently, but it also offers investors the chance to back potentially the next Facebook at seed level and still have access to SEIS or EIS tax relief.”

Matt Clifford, CEO Entrepreneur First said:

“We have been delighted to work with JustInvesting to set-up this fund. The ability to be able to deploy capital quickly and efficiently into companies that represent the next wave of future tech leaders is critical to the success of our programme.”