Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. .

Angel Academe EIS Fund 2

An EIS fund focused on high-potential female founded startups

Next deadline30/10/2026

Target return3x (net of fees)

Portfolio size6-10 companies

Minimum investment£10,000

Deploymentsought in 26/27 tax year

Why invest in this fund

Comprehensive tax reliefs

Claim up to 30% income tax relief on investments. No capital gains tax on exits, inheritance tax relief after 2 years, plus loss relief protection.

Proven track record with female founders

An EIS fund dedicated to female founders, backed by UK's leading female-focused angel network with 60 investments, many alongside top VCs like Octopus Ventures and Balderton Capital.

Expert management & diversification

Single investment gives exposure to 6-10 carefully selected early-stage tech companies. Expert due diligence by experienced Angel Academe team and network of specialists.

Angel Academe's approach

Angel Academe is a UK-based angel network, best-known for investing in female founded startups in a variety of technology sectors. The network is a mixture of successful entrepreneurs and senior leaders, gradually building investment portfolios of female founded tech startups.

Angel Academe EIS Fund 2 is a way to achieve diversification into the same types of companies, with the same ethos, with a single £10k+ investment.

Angel Academe has now backed nearly 60 female-founded startups over more than 100 investment rounds. The group co-invests alongside some of the best known names in UK venture capital, including Octopus Ventures, Balderton Capital, Syndicate Room, Founders Factory, Digital Currency Group, S4S Ventures (Martin Sorrel’s fund), Backed VC, 1818 VC and HearstLab.

It recently acquired £1m in cornerstone funding from the British Business Bank (BBB). This institutional backing provides a significant multiplier effect: startups in the Fund 2 portfolio will receive concurrent investment from its angels, the EIS Fund, and the BBB, allowing our investment to go further and our portfolio to move faster and do more.

Angel Academe offers the startups they invest in bespoke support, a broad peer community, and multiple opportunities to network at varied events throughout the year. Their network is made up of seasoned entrepreneurs, sector experts and professionals, including professional advisers in law, tax and accountancy, talent, institutional investment, sales and marketing, PR and M&A, and much more besides.

The team believe it is critical to be able to help companies in ways that are tailored to their particular needs and stage, and they can home in on support as needed across sales, finance, IP, international market penetration, funding and much more. In terms of professional partnerships, they work with accountancy and tax specialists Broad Lawn Accounting, and law firm Kingsley Napley.

Our investment banking partner, DC Advisory, can assist with later-stage fundraising and M&A, and they also work with scaleup recruitment experts Akaina Talent, who in turn lend support to their investment process with deal screening, technical due diligence, and broader portfolio support.

Funding for all-female teams dropped to 1.75% in 2025, down from 2% in 2023 and 2024, demonstrating that increased overall investment does not “trickle down” to women. Furthermore, female-led AI teams received an average of only £0.9m, compared to £6.5m for all male teams.

Sources: Beauhurst 2026

Tax Relief Benefits

Income tax relief - 30%

A £100,000 investment can result in a £30,000 reduction in your income tax bill for that year. You can invest up to £1m a year, rising to £2m if the first £1m is in knowledge intensive companies.

Carry back relief

You can apply relief to the previous year if you still have allowance available. By using allowances for both years, you could invest up to £2m at once.

Capital gains deferral

Capital Gains Deferral Relief allows you to defer capital gains equal to the amount you invest in EIS-qualifying companies.

Tax-free capital growth

You normally don't pay capital gains tax (CGT) when selling EIS shares if you claimed income tax relief and the companies still meet requirements.

Inheritance tax relief

EIS investments qualify for relief from inheritance tax provided that the investment has been held for at least two years and remains unlisted.

Loss relief

In the event of negative performance, the net amount of the loss can be offset against taxable income in the year the loss is made or carried back to the previous tax year.

Tax treatment depends on individual circumstances and may be subject to change.

Calculate your potential EIS tax relief

Investors can claim a number of valuable tax reliefs when they invest in an EIS Fund. See what tax relief is potentially available to you based on your investment amount and tax bracket.

Fund type

Investment amount (multiples of £5,000)

Income tax bracket

IMPORTANT:EIS tax reliefs are subject to individual circumstances and may change. The 30% income tax relief and 45% loss relief rates shown are current as of May 2026 but are not guaranteed. Investors should seek independent tax advice. Tax benefits depend on personal circumstances and tax legislation may change.

Your estimated tax benefits

EIS tax relief is available on deployed funds (investment after fees). This example assumes a 2% setup fee and 3 years of 2% annual management fees are deducted from the deployment amount. Note that fees vary between funds, please check the Charges section for more information.

Income Tax Relief (30%)

Up to 30% of the amount deployed in investee companies in the year of investment, subject to the amount of income tax payable and an annual investment limit of £1m (irrespective of marginal tax rate, although your income tax bill must exceed the relief you claim).

£2,760

Tax-free Growth

When EIS qualifying investments are sold the capital gains are tax exempt, also subject to the shares having been held for at least three years and claiming income tax relief on the original investment

✓

Potential Loss Relief

If EIS shares are sold for less than the amount invested (net of income tax relief), loss relief is available. For this calculator we've assumed 38% of the underlying shares are sold at 100% loss because of our research into the startup market (https://www.syndicateroom.com/guides/power-law-whitepaper. )

£1,101

Inheritance Tax Relief

EIS investments qualify for 100% relief from inheritance tax under current legislation, provided that the investment has been held for at least two years, it is still held at time of death and remains unlisted. This calculation assumes no growth in the investment

£3,680

Capital Gains Deferral

A gain made on the sale of other assets can be reinvested in EIS-qualifying shares and deferred over the life of the investment. Download our guide for more information

Available

Angel Academe's team

The Angel Academe network of investors is composed of individuals who are often seasoned experts in their area of work, and many are still operating at senior levels in large organisations or as entrepreneurs.

Although Angel Academe does offer expert and focussed workshops, and certainly encourages Investee companies to share learnings amongst their peers, it mainly provides bespoke, individualised support that is specific to each company that it invests in.

Sarah Turner

Co-founder & CEO

Sarah is an entrepreneur and angel investor with more than 20 female-founded businesses in her own angel portfolio (and counting!). She’s spent most of her career working in digita…

Yee Mun Thum

Managing Director

Yee Mun is the Managing Director of Angel Academe and has almost two decades of experience across entrepreneurship, early-stage investing, commercial development and digital strate…

Simon Hopkins

Co-Founder and COO

Simon is the co-founder and COO of Angel Academe and a seasoned technology strategist and angel investor. Simon began his career in the music industry in the mid-1980s before trans…

Investment Process

Apply on portal

Complete the online application form with your investment amount and personal details.

Fund deposit

Transfer funds via bank transfer and receive confirmation within 5 business days.

Deployment

Funds are deployed into carefully selected portfolio companies.

Performance tracking on dashboard

Monitor portfolio performance and receive EIS3 forms through your investor dashboard.

Angel Academe Case Studies

Femtech, Medtech

8.4x Moic

Béa Fertility

Béa Fertility have reimagined the fertility care journey for modern families. In their first research cohort of 56 participants, the Bea ICI kit helped create 22 pregnancies - a 39.28% pregnancy rate.

Marketingtech, Enterprise SaaS, Sustainability

5.7x MOIC

Provenance

The Provenance platform enables brands to transparently communicate their sustainability efforts to consumers by verifying and showcasing the social and environmental impact of their products throughout the supply chain.

Fintech, SaaS, AI

15x Moic

Fiskl

Fiskl is a global, AI-native accounting platform built for small businesses operating across borders. Angel Academe first invested in 2018, followed by further rounds in 2019 and 2022.

Multiple on Invested Capital figures refer to gross performance and do not take into consideration fees, commissions or other costs. Actual returns may vary significantly. Past performance is not indicative of future performance.

Fund Documents

PDF

Information Memorandum| 4.8 MB

PDF

Brochure| 4.6 MB

PDF

Key Information Document

Charges

Setup Fee	2% drawn upfront from subscription
Annual Management Fees	Years 1-3: 2% per year retained upfront Years 4-7: 2% per year, deducted from distributions Years 8-10: 0.75% deducted from distributions
Performance Fee	20% with no hurdle on a portfolio basis

This EIS fund is VAT exempt. If prevailing laws or HMRC guidance change, VAT may become applicable to the fees and you will be notified. Adviser fees for authorised financial advisers can be facilitated on application. These must be agreed with Investors and meet applicable FCA COBs rules.

Speak with us

Risk warning: Please click here to read the full risk warning.

Investing in early-stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Tax relief depends on an individual’s circumstances and may change in the future. In addition, the availability of tax relief depends on the company invested in maintaining its qualifying status. Past performance is not a reliable indicator of future performance. You should not rely on any past performance as a guarantee of future investment performance.

This page has been approved as a financial promotion by Syndicate Room Ltd, which is authorised and regulated by the Financial Conduct Authority (No. 613021).

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Syndicate Room Ltd is registered in England and Wales. Number 07697935. Registered office: Wellington House, East Road, Cambridge, Cambridgeshire, CB1 1BH, United Kingdom

General enquiries

Please note: our office hours are weekdays, 9.30am - 5.30pm.

Email:

contactus@syndicateroom.com

Phone:

01223 478 558

Existing investors

Email:

investor.relations@syndicateroom.com

Phone:

0800 368 9188