BritBots (Martlesham, UK) which promotes UK robotics companies, has launched its second British Robotics Seed Fund.
The fund will also be managed by Sapphire Capital Partners, a specialist manager of tax-efficient funds.
The first British Robotics Seed Fund is now fully invested, leading the seed rounds of six high-potential robotics and AI related ventures.
The new fund will focus on SEIS-qualifying investment opportunities, aiming to deliver significant tax benefits to investors. What’s more, there will be scope for the fund to make a number of investments under the EIS scheme when there are scale-up opportunities for existing portfolio companies.
BritBots said that there has been rapid increase in the number of robotics-related start-ups and the new fund looks to partner with entrepreneurs and academic robotics teams to deliver high-value businesses that can deliver superior returns for investors.
The second fund will look to back world-class entrepreneurs with global product opportunities. There will be a particular focus on machine-learning and enabling technologies for autonomous robotics. Britbots meets with hundreds of businesses each year and has already earmarked a number of exciting businesses as potential investments for the fund.
Dominic Keen, founder of Britbots (pictured) said: “I’m delighted to be able to launch our second robotics fund. It is the best way for an investor to get access to mixed basket of shares in the exciting robotics and AI growth companies that are shaping our economy for the decades ahead.”
The fund will close at the end of March 2018.