FundTwenty8 is a passive EIS fund. It commits capital in proportion to interest from SyndicateRoom investors according to our proprietary algorithm. The fund’s commitment level will increase in steps while the round is live on the platform and attracting investment from SyndicateRoom investors.
The fund deploys in EIS rounds and, if pre-approved, in SEIS/EIS blends. The fund does not invest in non-EIS preference shares, convertible loan rounds, and advanced subscription rounds (even if EIS is possible upon conversion).
The fund counts as a SyndicateRoom investor for most intents and purposes – hence we charge our usual 4% commission on capital deployed by the fund - but it will appear as an individual investor on the company’s cap table. The company will therefore end up with two legal shareholders: SyndicateRoom Nominees Ltd and FundTwenty8.
Click here for more information on our nominee structure, and here for more information on our fees.