Crowdcube, the UK-based equity crowdfunding platform, launched a managed investment fund with a target size of £5m.
The Crowdcube Venture Fund is dedicated to people who want to buy shares in startup or early-stage British businesses and build a portfolio of equity investments selected by a professional fund manager.
It has been designed for people who perhaps lack the resources and/or time commitment to fully research and review pitches, carry out their own due diligence, and build structured, balanced portfolios.
The vehicle, which will typically invest in businesses which are registered for EIS/SEIS tax reliefs, will be managed by Strathtay Ventures, a wholly owned subsidiary of the stock-market quoted Braveheart Investment Group, which currently has around £120m of funds under management across various regional and national funds.
The minimum individual subscription is £2,500.
Co-founded by Darren Westlake and Luke Lang, Crowdcube enables investors to fund British businesses in return for a share in the company. Since February 2011, the platform helped 90 businesses raise more than £17m. It is authorized and regulated by the Financial Conduct Authority (No. 572026).