Velocity Capital Hits a Bullseye: Tripled Investment in a Single Round
Despite the stormy skies of Brexit‑induced uncertainty, Velocity Capital Advisors has strutted out of a recent fund‑raising episode like a rockstar who just smashed their latest album record — they raised three times the money that the last round managed to pull in.
What They Actually Do
- Velocity Enterprise Investment Scheme (EIS) Technology Fund 5 and
Velocity Seed Enterprise Investment Scheme (SEIS) Technology Fund 4
closed last week - All portfolio assets were full‑tilt deployed across 21 fresh tech ventures
- Investors enjoyed a 100 % tax carry‑back on their stakes – a stock‑market equivalent of a tax holiday
- Next up, EIS 3 certificates will be shipped by June 2019, letting investors claim relief faster than a toaster can pop bread
This is the Big Deal
Rajeev Saxena, Velocity’s managing director, pointed out the two things that make this win so sweet:
“We’re thrilled that we’ve tripled the capital raised for our brilliant tech‑enabled businesses. It proves that investors are still giddy about high‑growth startups that can deliver stellar returns while locking in those attractive EIS tax breaks and a risk‑reduction carry‑back.”
“Our honest, transparent approach has boosted investor confidence. Now they can do thorough due diligence and make smarter choices—because clarity beats mystery, you know? And the companies we’ve backed are getting the boost they deserve.”
The Menagerie of Startups
Velocity’s portfolio is a smorgasbord of cutting‑edge ventures:
- Comedy VOD sensation NextUp
- AI‑powered behavioral analytics pioneers WeSee
- Food box aficionados: Red Rickshaw, Little Cooks, and Box’d Fresh
- Gender‑neutral fashion trailblazer Zilver
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