At Nova, we believe things can be done differently. Our approach affords the investor access to tech enabled, growth-focused businesses at the earliest stage of a company life cycle (SEIS), all whilst aiming to reduce the risk associated with investing in startups. We do this by aiming to reduce the 5 most common startup mistakes. Our truly proprietary deal flow is provided by our cofoundry business, helping founders solve real problems felt by sizeable markets. Our cofoundry then employs over 100 people to consult, build and grow our portfolio companies, applying our investors capital into an operating model rather than a more traditional fund model. The result; our portfolio value has grown in excess of 80% year on year for 10 years.
• Target returns of £2.18 in the £1 based on targeted 20% year on year portfolio growth
• Returns of £5.70 in the £1 if portfolio growth continues at 83%
• A minimum return of 58p in the £1 in the unlikely event that every company in the cohort fails
• A 0.2% chance of every company in the cohort failing
Our senior team are a balanced mix between seasoned investors, start-up practitioners and successful entrepreneurs. Investments are deploy quarterly into a target of 10 companies each quarter through a mixture of SEIS and follow on EIS investment, further reducing risk by giving a diversified spread of circa 30 high growth, tech enabled companies per year.