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OnePlanetCapital launches Climate Change SEIS Fund

OnePlanetCapital, the Climate Change focused venture capital fund is launching a Seed Enterprise Investment Scheme (SEIS) fund to invest in early-stage startups across the UK that are accelerating the transition to net zero and a green economy.

 

The inaugural SEIS fund will be raising circa £1.0 million to invest into SEIS qualifying climate tech businesses over the next 12 months, continuing the investment strategy of the OnePlanetCapital flagship EIS fund but focused on earlier stage companies at pre seed and seed level.

 

The fund will capitalize on the recent expansion of the SEIS tax incentive scheme. Startups are now able to secure £250,000 funding with tax reliefs, compared to the previous £150,000 limit. Companies that are three years old will also be eligible, up from two years previously. OnePlanetCapital’s SEIS fund will provide investors the opportunity to participate in a fund which targets a return of £3 for each £1 invested over a 5 to 7 year period together with 50% SEIS income tax relief.

 

The SEIS fund will build on the success of OnePlanetCapital’s EIS fund which was launched in 2021 and has grown to £10m of assets under management with 31 investments made. This fund launch also builds on the recent launch of the OnePlanetCapital angel syndicate offering a wide range of investment options for investors to invest in climate tech in the UK at varying stages of the startup lifecycle. In the last year OnePlanetCapital has invested in 12 businesses including GT Green Technologies, a wind propulsion technology start up, Kelpi – one of the leading bioplastics innovators in the UK,  and RAD Propulsion – an electric maritime drivetrain manufacturer.

 

In recent years, OnePlanetCapital has become a market leader in early stage EIS climate tech investing and has duly won the best new EIS fund at the EISA awards and Team of the Year at the Growth Invest awards.

 

Matthew Jellicoe, Co-founder and Investment Director said of the SEIS fund launch ‘In general we see the SEIS fund market as underserved in the UK and we believe passionately that bringing an SEIS climate tech fund to market will resonate with investors looking to move into this fast-growing sector. The SEIS fund also allows us to invest into earlier stage businesses that the OnePlanetCapital EIS fund cannot as this has a later stage mandate – and for many areas such as battery storage and hydrogen technology it is interesting to invest into earlier stage pre revenue businesses, in order to capture value for investors.

 

For more information on the OnePlanetCapital Climate Change SEIS Fund contact info@oneplanet.capital.

 

OnePlanetCapital

OnePlanetCapital is an early-stage EIS VC focused on businesses that impact climate change.  The OnePlanetCapital team is different from most venture capital firms in that it is a hybrid of experienced entrepreneurs who have built significant businesses backed up with an advisory panel of environmental expertise.

www.oneplanet.capital.

This press release is a financial promotion for the purposes of Section 21 of FSMA. It is issued by OnePlanetCapital FRN: 931397, an Appointed Representative of Enterprise Investment Partners LLP FRN:604439, an AIFM as defined by the AIFMD, who have approved it, on 24/05/2024 and who are authorised by the FCA.

 

This press release is not an offer to buy or sell securities and does not constitute a Direct Offer Financial Promotion. Applications for investment may only be made on the basis of the relevant Information Memorandum and application form, copies of which are available on request. No reliance is to be placed on the information contained in this press release in making such an application. Information herein is not intended to, nor should be taken to, constitute advice.

 

OnePlanetCapital source investments in unquoted securities, which are classified by the FCA as a Non-Readily Realisable Security (NRRS). As such, these products may only be marketed to limited categories of investors relating to knowledge, experience or financial situation. Investors are required to make their own independent assessment, or seek professional advice, in respect of the suitability of any investment they make.

 

Investors should not invest unless they are prepared to lose all the money they invest. This is a high-risk investment. Past performance is not a reliable indicator of future results. Investment is of a long-term and illiquid nature. It can be difficult to value or sell unquoted investments. Any described tax advantages associated with investing are based on current legislation, are subject to change, and depend on the individual circumstances of each investor.