Page 9 - Praetura EIS 2019 Fund Information Memorandum
P. 9
Welcome Letter
Praetura Capital was the first of the Praetura companies to be Businesses we look to back all provide access to recurring, high margin, revenue
incorporated in 2011. We completed our first investment, the streams and the opportunity for operational leverage once scaled. We are
acquisition and listing of Inspired Energy plc, in November of prepared to back these inherently scalable business models early and we believe
that by making an early investment in a business, we are truly able to work with
that year. Since then we have grown steadily and have made
driven management teams at the foundational stages of a business and support
a further 24 investments on behalf of our high net worth client
them in growing successful ventures.
base, investing c. £100m into start ups or early stage businesses.
With the Praetura EIS 2019 Fund we are targeting a capital raise of up to £15
We have evolved the group extensively to include investment, debt and lending
million which will be deployed across a diverse portfolio of 8-10 opportunities that
businesses and are now a diversified funding provider to SMEs. Praetura
have been carefully selected for their unique potential.
Ventures was recently established within the Group with the ambition to become
the leading venture capital business in the North West of England.
From this portfolio, we are targeting a return profile of 2x return on capital. We
believe this, combined with the tax reliefs available from an EIS structure and
We have built a highly experienced and reputable team within Praetura Ventures
the Praetura approach and track record, offers investors looking for meaningful
who bring with them in excess of 250 years of sector experience. We will be
capital growth investments, an attractive investment opportunity.
executing a differentiated strategy, investing predominantly outside of London and
providing a solution to the identified funding gap in the North West. This funding
gap has also been identified and is being addressed by the implementation of
Government initiatives to improve infrastructure and investment within the region;
Praetura is ideally positioned to benefit.
By providing genuine, unconstrained, venture capital to early stage businesses,
Mike Fletcher David Foreman
we have the opportunity to realise significant returns for investors. We recognise
Praetura Group CEO Praetura Ventures MD
the value in developing a genuine partnership with our portfolio companies,
working with them to overcome the myriad of issues that a young business
will inevitably face. We believe that this strong partnership built on trust and
transparency, alongside our supportive approach to investment, allows us to
maximise returns for our investors.
9