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Green Light To First SEIS/EIS Fund In Northern Ireland

Fund to support StartPlanetNI Accelerator Programme and other high growth startups

Colman Equity, a specialist in startup and angel investment funding has launched Northern Ireland’s first Seed Enterprise Investment Scheme (SEIS) EIS Fund to support Northern Ireland’s startups. Inviting investors to join the fund, they have also confirmed that it will become the main funder behind NI’s only private equity backed start-up accelerator programme, StartPlanetNI. It will also look to fund other NI based high growth startups and companies that wish to relocate back to NI.

The SEIS/EIS investment vehicle is particularly suited to knowledge economy companies and will allow already successful entrepreneurs and investors to invest in startups in a tax efficient manner.

Speaking about the new fund and the role of the investors Diane Roberts, Colman Equity said;

‘We are delighted to bring forward this new fund targeting early stage but high growth potential startups. We are now inviting interested investors who have themselves strong entrepreneurial experience to join with us to support the new startup revolution that is happening in Belfast. We are firmly of the belief that the best investors for early stage companies are other entrepreneurs – who not only bring investment, but critical understanding and experience of what it means to build a business. In our experience, this type of ‘smart investment’ can be the difference between succeeding and failing and is a critical ingredient to building a successful startup scene in Northern Ireland.”

Damien Callaghan Senior Director, Business Development Intel Corporation added;

“From my time as an investor with Intel Capital I have watched Belfast and Northern Ireland develop a vibrant entrepreneurial environment with the potential to become a leading tech start-up hub within Europe. Whilst I have always been impressed by the local entrepreneurs I believe that the relative lack of startup funding is hampering the region from reaching its full potential. However, this funding gap is a real opportunity for the investor community both locally and internationally and I believe that Colman Equity’s SEIS Fund will become a key contributor in the local ecosystem, helping exciting new startups to succeed on the world stage.”

Matthew Large, CEO, glistrr, an event intelligence software company which has just completed the inaugural StartPlanetNI programme welcomed confirmation of the funding support through Colman Equity;

“StartPlanetNI has helped us to validate, tweak and prepare to scale our business model for global markets. The equity funding is an important part of the support package that has made that possible, as has been the expertise of the funders, who typically have built and sold successful businesses themselves. Having been recognised as ‘Most Investible Company’ at the recent programme Demo Day in Hillsborough Castle, gives us confidence that we will now be able to secure the additional funding to enable glistrr to rapidly scale our already profitable business model.”

This communication is for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Colman Equity Ltd is an Appointed Representative of Sapia Partners LLP, a firm authorised and regulated by the Financial Conduct Authority (FCA).