Green Angel Syndicate announces the closing of its first EIS/SEIS Climate Change Fund
Green Angel Syndicate (GAS), the UK’s angel investment syndicate specialising in the fight against Climate Change and Global Warming, announces the close of its first EIS/SEIS Climate Change Fund (CCF).
The GAS Climate Change Fund launched in November 2020 and at its close last week (15 February 2021) had successfully raised more than its set target, surpassing its minimum by 66% and attracting 41 investors. Many of these were GAS members, but the fund also welcomed a significant number of new investors.
The new fund has been cornerstoned by the Green Angel Syndicate Management Team, which represents a considerable vote of confidence as well as a management commitment to the climate change goals. The Fund has been filled remarkably quickly.
CIO Antoine Pradayrol said: “We are thrilled and inspired by the support this inaugural EIS fund has received. Tackling climate change requires a complete transformation of all sectors of the economy. Supporting early stage companies that are rising to this challenge and developing innovative solutions constitutes an exciting investment opportunity – and the Fund will increase our ability to make such a positive impact.”
Founder and CEO of GAS Nick Lyth said: “I am delighted to see our first Fund off to a rapid start. We have hit the ground running. The pace of innovation needed to beat climate change is increasing all the time. The Climate Change Fund will help us in our attempts to stay ahead.”
The GAS Climate Change Fund mirrors the deals invested in by GAS, drawing on the expert membership of the Syndicate and using the same high standards of due diligence. The Fund, launched by Green Angel Syndicate in association with SFC Capital Partners, is overseen by specialists with significant depth and breadth of knowledge on climate change, innovation and investment.
Investment in the GAS Climate Change Fund allows investors to diversify their portfolio and spread the risk across all new GAS investments over the next 12 months. GAS invests across a variety of sectors and business models. This reflects the diversity of the solutions that are being developed to tackle climate change across the economy.
The success of the first Climate Change Fund round will increase the impact of Green Angel Syndicate, by providing even greater support to the start-ups reducing and reversing carbon emissions. With each round that GAS investors participate in, the CCF will add more money to the pot, accelerating the growth of the innovators fighting climate change.
The CCF aims at investing in 10-15 companies over the next 12 months. This is an evergreen fund and there will be further investment opportunities this year, with the next closing date to be announced soon.
Disclaimer – Investment in early-stage companies involves risks such as illiquidity, lack of dividends, loss of investment and dilution. Even when diversified within a fund, investing in early stage companies carries a higher risk than investing in more established companies. Investment in EIS and SEIS funds should be considered as part of a diversified portfolio. Green Angel Syndicate 2 Ltd is an appointed representative of SFC Capital Partners Ltd which is authorised and regulated by the Financial Conduct Authority (‘FCA’) in the United Kingdom (FRN 736284). The content is for information purposes only and should not be used or considered as an offer or solicitation to purchase or sell any securities.