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Waterspring Ventures is a venture capital firm established in 2021, dedicated to supporting early-stage companies in Wales. The firm is based in Wales and focuses on helping Welsh businesses scale and achieve profitable exits. Each year, Waterspring Ventures raises £2 million from private individuals who are interested in fostering the next generation of Welsh enterprises. This annual fundraising effort underlines their commitment to local entrepreneurship.
The firm operates with a fund size of £3 million, allowing them to invest significantly in promising startups. Their investment strategy emphasizes not only financial backing but also constructive support and access to a network of industry experts and later-stage investors. This approach aims to enhance the growth potential of their portfolio companies.
Waterspring Ventures specializes in investing in early-stage businesses that qualify for the Enterprise Investment Scheme (EIS). Each year, the firm allocates up to £750,000 to three new companies, reflecting their targeted investment strategy. This focus on EIS-eligible businesses allows them to provide substantial financial support while also facilitating tax reliefs for their investors.
The firm aims to simplify the ownership structure of their investees through a nominee structure, which streamlines the investment process. Additionally, Waterspring Ventures emphasizes providing constructive support and access to a network of industry experts, which is crucial for helping these companies grow and achieve profitable exits.
What types of companies does Waterspring Ventures invest in?
Waterspring Ventures invests in early-stage businesses that are eligible for the Enterprise Investment Scheme (EIS), focusing primarily on companies based in Wales.
What is the typical check size for investments?
The firm invests up to £750,000 in each company, allowing for significant support to help startups scale effectively.
How does Waterspring Ventures support its portfolio companies?
In addition to financial investment, Waterspring Ventures provides constructive support and access to a network of industry experts and later-stage investors, which can be invaluable for early-stage companies.
How can founders pitch to Waterspring Ventures?
While specific application details are not provided, founders should prepare a compelling pitch that highlights their business's eligibility for EIS and its growth potential.
What is the geographic focus of Waterspring Ventures?
The firm focuses exclusively on early-stage companies located in Wales, aiming to bolster the local entrepreneurial ecosystem.
How often does Waterspring Ventures make new investments?
Waterspring Ventures invests in three new companies each year, reflecting their commitment to supporting a select number of startups with substantial resources.
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