EcoMachines Ventures (EMV), a London, UK-based investor focused on energy and industrial high-tech companies, has launched EMV EIS Fund I.
The fund, which will be investing into EIS-eligible companies innovating in the energy, industrial high-tech, resource efficiency and transport sectors, is targeting a close of up to £10m by March 2018. The focus is on investments in sectors where there are significant opportunities for the adoption of new technologies, such as in robotics, artificial intelligence, and industrial IoT.
Investments into investee companies will typically range from £200,000 to £1,000,000.
The fund is managed by Sapphire Capital Partners LLP, a specialist investment fund manager which focuses on EIS and SEIS solutions, with EcoMachines Ventures acting as exclusive investment advisor.