Maven Cognition Launches New EIS Fund for UK Tech Sector

Deal News | Dec 03, 2024 | Maven Capital Partners

Maven Cognition Launches New EIS Fund for UK Tech Sector

Maven Cognition, a subsidiary of Maven Capital Partners, has introduced the Maven Cognition EIS Fund. This development follows Maven's strategic acquisition of Newable Ventures in April 2024, enhancing its standing as a leading UK investor in high-growth sectors. The fund is designed for experienced investors aiming to capitalize on small to medium tech enterprises in the UK, focusing on transformative industries such as Advanced Robotics, AI, Cyber Security, and Quantum Computing. Open until April 2025 with a minimum investment of £25,000, the fund targets a 3x return through diversified investments. Maven Cognition draws on extensive experience in early-stage investments, highlighted by its established networks with local businesses, universities, and industry clusters. Additionally, the fund's structure benefits from the UK Enterprise Investment Scheme, offering significant tax advantages including income tax relief and capital gains tax deferral and exemption. This launch is particularly timely given the recent extension of EIS tax reliefs until 2035, allowing the fund to address increasing investor interest in growth-focused, tax-efficient vehicles amid changing tax landscapes.

Sectors

  • Finance and Investment
  • Technology

Geography

  • United Kingdom – The fund targets UK smaller companies and benefits from the UK's Enterprise Investment Scheme, indicating a focus on the UK market and its regulatory environment.

Industry

  • Finance and Investment – The article discusses the launch of a new EIS fund by Maven Cognition, highlighting its roles in investment through the Enterprise Investment Scheme.
  • Technology – The fund focuses on investing in tech sectors such as AI, Cyber Security, and Quantum Computing, underlining the article's emphasis on technology investments.

Financials

  • £25,000 – Minimum subscription amount required for investing in the Maven Cognition EIS Fund.
  • 3x – Targeted return on investment for the Maven Cognition EIS Fund.

Participants

NameRoleTypeDescription
Maven CognitionTarget Fund ManagerCompanyA subsidiary of Maven Capital Partners, Maven Cognition is the manager of the newly launched EIS fund.
Maven Capital PartnersParent CompanyCompanyThe private equity firm overseeing Maven Cognition and supporting the launch of its new EIS fund.
Newable VenturesAcquired CompanyCompanyAcquired by Maven Capital Partners, this strategic acquisition fortified Maven Cognition's capabilities.
Richard MaleManaging DirectorPersonThe Managing Director at Maven Cognition, leading the EIS fund launch.