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Velocity SEIS tech fund achieves 6.6x return on a partial exit


 

Velocity SEIS Consumer Technology Fund achieved a 6.6x return on a partial exit in respect of one of its holdings in May 2017 within 13 months of investment. Velocity has also obtained an approved valuation for the overall SEIS fund portfolio at 3.6x within the same 13 month period.

Successful exits with SEIS and EIS investments are extremely rare so this is a truly unique achievement, especially given that the Velocity Tech Fund is only in it’s second year.

Behind the success is a determined philosophy of active, professional, comprehensive management in the underlying businesses and ‘skin in the game’; Velocity management have invested over £1 million in these carefully vetted consumer technology businesses.

Velocity Tech Fund has also attracted co-investments from world-class partners including Unilever Ventures, and Old College Capital, Edinburgh University’s endowment fund.

Velocity are now looking to further capitalise on their impressive achievements by developing the existing investee businesses and creating further profitable start-ups at the very cutting edge of consumer technology.

Velocity Capital Advisors brings together a management team with a proven entrepreneurial track record and expertise across the entire business spectrum; venture capital, marketing, brand building and of course  consumer technology

Bil Bungay (pictured, above right)

Co-founder of Beattie McGuiness Bungay (BMB), an advertising agency that went on to become one of the fastest growing agencies by clients and considered one of the most creative advertising and marketing agencies of the decade.

Rajeev Saxena (pictured, above left)

Raj began his career in advertising before becoming the Marketing Director of Red Bull Energy Drink, UK & Ireland. He completed an MBA at the I.M.D. in Lausanne and has since founded a series of successful entrepreneurial businesses across a range of industries, including the largest wind farm development in Turkey.

Sean Salloux

Sean has over 25+ years of developing and leading international technology companies from concept to exit. As a CEO/Board Member/Angel Investor, he has been involved in software (mobile security, SAAS, games & internet), clean tech (water treatment, diagnostics) and a number of internet related companies. He studied Aeronautical Engineering at Rensselaer Polytechnic Institute (New York), has a Finance Degree from Boston University and an MBA from London Business school.

Alex Johnston

Alex is currently on the board of the Duke of York’s Pitch at Palace innovation initiative. He also serves on the board of Tim Berners-Lee’s Web Foundation, Singer Asia, and Freuds – the UK’s leading PR communications agency, of which he was a founding partner.

Tim Kumar 

Tim comes from a background in technology recruitment and marketing and has great experience working with start-ups through to established international brands. Tim has experience within the set-up of technology teams, web applications and software throughout the full lifecycle process, over a number of diverse industries and sectors.

For more information on Velocity  and how to invest,  please contact:

tim@velocity.co.com

Or, visit the website.