EIS guide

65 64 PROVIDERS IN FOCUS PROVIDERS IN FOCUS Providers in Focus About the provider Since the launch of SEIS in 2012, Jenson Funding Partners has built a solid, scalable and efficient investment process, which has led to circa. 100 investments being made into SEIS qualifying companies. Our first EIS Fund launched in 2015 and has since raised significant follow-on funding rounds for our portfolio companies. We have invested over £2.58 million over 16 companies (15 existing portfolio companies and one external) which has typically provided a cornerstone investment for additional syndicated investment. Our EIS offer The Fund will offer a diverse portfolio of investments in a wide range of sectors and industries, which qualify for EIS tax relief with capital deployed through deal flow concentrating on the best of the existing Jenson portfolio. Demonstrating our support of existing investee companies our EIS follow- on fund has primarily been used to syndicate further funding rounds but will always be benchmarked relative to new external company opportunities. This is combined with the very best companies that we see in the classic equity gap which is typically under-served by the traditional EIS and VCT funds. www.jensonfundingpartners.com Case Study Jenson first invested £150,000 into Voneus from our SEIS Fund 1 in October 2013. Voneus is a technology business which provides super- fast broadband to rural areas and internet blackspots. Since initial investment we have raised follow-on funding for Voneus, acting as a cornerstone investor, investing just over £420,000 of EIS funds. For the last seven years Jenson has worked alongside founder Steve Leighton, CEO, and his team, to help them achieve their goal of becoming the market leader in super-fast broadband for hard to reach areas. The company has changed significantly since first receiving investment. From zero revenues and only employing founders, it has been revenue producing for a number of years, employing over 20 people, has made acquisitions, raised venture debt finance (of almost £5 million) and recently partnered with Macquarie Capital, who made an initial investment of £10m with the potential to invest up to £30m in phases. Part of the proceeds will be used to support the rollout of further high- speed broadband to rural parts of the UK. Voneus is now valued at £14 million and has a great team enabling significant growth. CURRENT NAV (EXCLUDING TAX RELIEFS) FOR THE JENSON EIS FUNDS OVER THE LAST FOUR YEARS 0.4 0 0.8 1.2 1.6 2 EIS 1 EIS 2 EIS 3 EIS 4 AT 30 SEPTEMBER 2019