Epicure SEIS Fund

Investment into a diversified portfolio of at least 10 SEIS companies across the food, drink and hospitality sectors.

The Epicure SEIS Fund gives investors the opportunity to invest in a diversified portfolio of at least 10 start-up companies across the food, drink and hospitality sectors. Epicure targets innovative and disruptive companies with high growth potential. Leveraging the team’s expertise and connections, as well as the vibrant start-up culture of the UK, Epicure aims to provide investors with the combination of capital appreciation together with SEIS tax reliefs.

Track Record: Investment selection by award-winning asset manager, Startup Funding Club (SFC), who have a track record of investing in the SEIS space, with this being the fifth SEIS fund they have advised on

Growth Support and Partnerships: Working with key partners and advisors to grow portfolio companies, such as Tesco’s ‘Back It’ and JC Decaux’s ‘Nurture’ programmes

Co-investment: Co-investment from a network of HNWI, acting as a due dilligence proof point and providing sector knowledge and experience

Large and Growing Market: The UK food and drink industry was worth over £94 billion in 2015 and is forecast to grow at 3-4% per annum over the medium term.

Tax Relief: No fees levied on the investor, meaning 100% tax relief on their subscription and tax relief in the 2016-17 tax year

UK Food, Drink and Hospitality Market

The UK food and drink market is the largest part of the UK manufacturing industry, worth over £94 billion in 2015 and predicted to grow at 3-4% annual in the short-to-medium term. Many sectors within the food and drink market are undergoing expansion and are looking forward to future growth – this can be attributed to key factors such as:

  • The demand for casual dining, which is experiencing a golden period, having had sales increase by 35% to £5 billion in June 2016 compared to June 2010;
  • A shift in consumer preferences for non-artificial products, healthy eating, and ‘free-from’ ranges such as gluten free, vegan and vegetarian – a trend worth £238 million to the UK, or 10% of the total food market.

The out-of-home food and drink market is consistently doing well, driven by the time-poor modern consumer, and could be worth £54 billion come the end of 2016 – representing a suitable target for disruption by new companies and products.

Startup Funding Club (SFC)

SFC, a team of entrepreneurs, mentors and business angels, specialise in sourcing early stage investments and assisting startups in their development.

  • Over 50 years’ experience managing VCT, EIS and SEIS Funds
  • Asset manager across 4 SEIS Funds
  • More than £10m invested in 85 new start-up and early stage SEIS companies – 12 of which have been in the food, drink and hospitality sector
  • A network of 100+ high profile business angels, advisors and mentors
  • ‘Lead Angel Syndicate of the Year (2016)’ – UK Business Angels Association

Fund Details

  • Seeking – £5 million
  • Minimum Investment – £10,000
  • Minimum Subscription – £1 million
  • Adviser Charger – Facilitated
  • Initial Charge – 6.5%
  • Management Fee – 1% per annum, capped at 3.5% for the life of the fund
  • Closing – 19 December 2016 and 3 April 2017
  • Exit Timeframe – 5 years
  • Hurdle Rate – 30% above £1 returned per £1 invested

Investor Reports
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Executive Summary Information Memorandum

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You can read our full terms and conditions here.