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We’re pleased to announce the companies that will comprise the portfolio for Carry Back EIS Fund I. You can read more about these companies below.
The Carry Back EIS Fund I is designed for investors looking to balance sophisticated market analysis with the immediate benefits of the Enterprise Investment Scheme (EIS), offering investors a streamlined way to gain exposure to high-growth startups that have transitioned beyond their early stages.
By leveraging the 2024/25 tax year carry back rules, investors can claim tax relief against the previous year’s income while gaining exposure to companies that have already moved past the seed stage and into scalable growth. EIS relief and rules are subject to status and change.
Syndicate Room spent two years indexing and analysing the startup market to build a proprietary data model. The Carry Back EIS Fund I uses AI-powered analysis to identify specific companies within the Access EIS portfolio that are moving from seed stage to scalable growth.
Our model identifies “inflection points”—moments where a company’s data suggests it is ready to scale rapidly. By deploying capital into these top performers, the fund targets businesses with proven traction and clear paths to further expansion.
We are now moving to the deployment phase. This fund was specifically designed to identify inflection points within our existing Access EIS portfolio—identifying those companies that have matured beyond their seed stages and are now demonstrating the metrics required for scalable growth.
Based on our proprietary data model and AI-powered analysis of the startup market, we have selected a portfolio of businesses that have transitioned into high-growth milestones.
Here is a detailed look at the companies the fund is now investing in.
Founded in London in 2019 by serial entrepreneur Roei Samuel, Connectd is a disruptive platform designed to democratise venture capital by replacing exclusive, “closed-door” networks with a transparent, data-driven ecosystem. By providing startups with the tools to manage reporting and access fractional leadership, the company has seen explosive scale, growing to a team of over 130 people and reaching a landmark $14 million ARR by the end of 2025.
This momentum is supported by $15.7 million in total funding, following a significant Series A round in July 2025 led by SyndicateRoom and Anker Capital. Now targeting $27 million ARR by 2026, Connectd continues to solidify its position as a vital engine for growth within the global startup landscape.
Founded in 2020 by Tess Cosad and George Thomas, Béa Fertility is a pioneering leader in the FemTech space dedicated to making clinical-grade fertility treatment both accessible and affordable. By modernising at-home Intracervical Insemination (ICI) technology, the company provides a cost-effective and non-invasive alternative to traditional IVF for the digital age.
Following the milestone of securing FDA clearance, Béa Fertility is now prepared for a major international push, supported by an $8.5m term sheet specifically signed to fund their expansion into the US market.
Founded in 2021 by Rashid Aliyev, Stackt is revolutionising urban logistics through a proprietary, tech-enabled platform designed to simplify the moving and storage process for high-density UK markets. By integrating seamless digital interfaces with a full-service logistics model, the company has achieved rapid scale, with revenue jumping from £1.2m to £3.5m ARR in a single period.
This impressive growth, supported by investors including Haatch and Metropolis Ventures, is a testament to Aliyev’s lean, high-margin approach that prioritises operational efficiency and a superior customer experience.
Founded in Bournemouth in 2015 by Tom Old and Ross Nichols, Just Move In is a B-Corp certified “home setup service” dedicated to eliminating the administrative friction of moving house. By partnering with estate agents to manage utility switching, insurance, and council tax, the platform simplifies the moving process while actively promoting ethical choices through recommendations for green energy providers.
The company has demonstrated significant scale, facilitating 190,000 moves in 2025 alone and generating £3.1m in revenue. This growth is supported by approximately $24.9m in total funding—including a recent $12m Series A in December 2024—from prominent investors such as Eos Venture Partners and Wayra.
Founded in 2015 by Jennifer Johansson, PLACED is a mobile-first recruitment platform designed to solve the hiring crisis in the service and hospitality sectors. By replacing traditional CVs with an app-based, values-based matching system, Johansson has successfully bridged the gap between hospitality employers and Gen Z candidates.
The company has seen significant momentum, reaching over 300,000 candidates and 8,000 businesses, while reporting a staggering 121% revenue growth in 2025 to a total of £2.2m. With $8.31m in total funding, including a Series A led by Praetura Ventures, PLACED is now firmly established as a leading solution for UK hospitality recruitment.
Founded in London in 2019 by childhood friends Jack Vereker and Tom Bishop, El Rayo is on a mission to redefine the tequila category by moving it away from “salt and slammer” stereotypes and into the modern highball space. Inspired by a discovery of premium agave during a night in Peckham, the duo quit their corporate jobs to partner with Maestro Tequilero Oscar Garcia in Jalisco, creating a “tequila made for tonic.”
The brand has seen significant commercial momentum, becoming the first tequila at a £30-plus price point to be stocked by Sainsbury’s and recently expanding its footprint with the launch of a signature Tequila and Tonic RTD (Ready-To-Drink) can. This growth is underpinned by a strong financial trajectory, including a successful £1.33m investment round in 2024 and a total funding pool of approximately $4.8m following a Series A round in early 2025.
The Carry Back EIS Fund I targets a 3x net return by selecting companies from our wider Access EIS portfolio that show the highest probability of an “inflection point” based on their CAGR and follow-on funding history. By focusing on these sophisticated metrics, we aim to capture the value created during the transition from seed to Series A.
The deadline for this fund has now passed.
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