Crowdcube launch managed fund for crowdfunded equity investments

Crowdcube has launched the first managed investment fund for people who want to buy shares in start-up or early-stage British businesses.

Managed by Strathtay Ventures, the fund will be wholly owned subsidiary of Bravehead Investment Group, as part of a partnership deal with Crowdcube.

The Fund aims to attract people who are keen to invest in start-ups but lack the resources or time to carry out their own due diligence in order to build portfolions.

Darren Westlake, CEO and co-founder of Crowdcube, comments: “Our aim is to provide everyday investors with choice. Our 57,000 investors can already select businesses that appeal to them by the sector, amount of funding sought or a number of other criteria. Now we’re giving them the option to invest in a fully managed fund.

“This will appeal to investors who love the idea of equity crowdfunding as part of their investment strategy but don’t have the time, or inclination, to fully research opportunities and create their own diversified portfolio.”

The Crowdcube Venture Fund will typically invest in businesses which are registered for EIS/SEIS tax reliefs.

The minimum individual subscription in the fund is £2,500. In addition, Investors can top-up their investment over the two-year initial investment period. Investors eligible for the fund pay an annual management fee and an initial set up charge.

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