When the government announced the SEIS initiative in 2012, Jenson Funding Partners LLP (JFP), was founded by the team behind Jenson Solutions Limited, Paul Jenkinson and Sarah Barber. As an appointed representative of Foresight Group, JFP launched the Jenson Seed EIS Fund to provide start-ups with the level of financial and operational support normally only available to much larger businesses.
Raising £5.5 million in the first fund iteration, JFP has closed 4 funds and now manages more than £14 million, which has been invested in just under 100 companies.
In 2015 JFP, recognising that the SEIS investee company portfolio was maturing, started raising funds under the Enterprise Investment Scheme (EIS) to provide follow on funding to its more successful companies. To date the EIS, combined with the syndicated investors, has invested over £5 million, and raised over £5 million of debt facilities.
We now have a combined evergreen SEIS and EIS Fund open for investment. The Fund aims to target exciting new innovative and disruptive technologies to be nurtured alongside existing investment opportunities that require follow on investment to fully exploit commercialisation of a proven business model.