Northstar Ventures launches its first EIS fund

January 15th 2024

Northstar Ventures is proud to announce the launch of its first EIS fund, the Northstar EIS Growth Fund, which is now open for subscriptions. The first close of the fund is targeted for 31st March 2024, with investment then being made into a diverse portfolio of technology companies during the 2024/5 tax year.

The fund will invest in the North East’s highest potential technology scale-up companies, focusing on the clean tech and healthy ageing sectors, where the region has global competitive advantage.

Having operated in the north of England for nearly twenty years, Northstar Ventures’ investment team has unparalleled access to the local founder ecosystem, as well as a strong track record of investing in, growing and exiting companies in the sectors that will be targeted by the fund.

The Northstar EIS Growth Fund will provide additional capital to companies that have established management teams, proven business models and revenue traction, and which are looking for further capital to “supercharge” their growth. The fund will provide individual investors with an opportunity to benefit from tax efficient, venture scale returns, whilst also playing a key role in driving innovation, impact and prosperity in the North East region.

Northstar’s portfolio of investee companies includes Advanced Electric Machines (AEM), AMLO Biosciences and Low Carbon Materials (one of 15 global finalists for the 2022 Earthshot Prize). Each of these companies is already on a path to rapid scaling – most recently exemplified by AEM’s completion in November 2023 of a £23m round which will support a substantial expansion of the company’s next generation electric motor production facility and expansion of its product range. The Fund will invest in companies with similar growth and value creation potential.

Alasdair Greig, director of Northstar Ventures said: ‘The north of England is a centre of excellence for climate, health and digital technology. Having spent some 20 years working with entrepreneurs and a number of leading universities in the region, we have a well-established reputation of being a proactive and supportive investment partner for innovative, high growth next generation businesses.

‘The new EIS fund is designed to focus on the scale up capital needed by the very best companies in our region to help them grow to achieve their potential while also delivering transformative solutions that address some of the biggest challenges that our society is facing.’

If you would like to find out more about the Northstar EIS Growth Fund or how to get involved, please visit the ‘Invest’ page on our website.

We are holding a launch event on 6th February 2024, which you can sign up for here, as well as a series of informational events later this quarter.

Please note, this Fund is only for high-net-worth and sophisticated investors.
 

Contact

For more information contact Hekla Goodman, e: hekla@northstarventures.co.uk m: 07472 747 812

About Northstar Ventures

Northstar Ventures is a venture capital and social investment firm based in the North East. We provide funding for innovative, scalable businesses and high impact social enterprises. We’ve been supporting entrepreneurs since 2004, seeking out strong teams with great ideas that will drive high growth, scalable businesses, and sustainable charities. As the North East’s leading early stage investor, we have invested over £100m into start-ups, early stage businesses and high impact social enterprises. Our investment managers have a wealth of experience supporting new and growing businesses and bring commercial and operational experience, PhDs and MBAs, international careers and even a micro-business or two. Northstar Ventures Limited is authorised and regulated by the Financial Conduct Authority.