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Alex Denne
Growth @ Ƶ | Introduction to Contracts @ UCL Faculty of Laws | Serial Founder

The Top 28 Super-Active EIS funds in the U.K

11 Sep 2023
5 min
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Embarking on the journey of startup fundraising? Welcome! This post is your go-to resource for understanding and making use of active EIS funds in the United Kingdom.

Let’s dive straight in.

Understanding EIS Funds

EIS, or Enterprise Investment Scheme, is a venture capital fund employed for investments in eligible companies. This tax scheme motivates private investors to support innovation across the U.K, thus fueling economic growth. EIS applicants receive attractive tax reliefs when they invest in high-risk, young, or medium-sized companies.

In this article, we interchangeably apply ‘early stage’ - Seed, Series A, sometimes Pre-seed funding - and ‘late stage’ - Series B and after - to delineate funding stages.

28 Super-Active EIS funds in the U.K

Keen on gaining in-depth knowledge about authentic EIS investment funds operational in 2023? Here’s a snapshot of a few:

Broad Focus Investment Funds

  1. - Invests from early stage to late stage across sectors
  2. - Invests in fintech companies creating positive change. They invest at early stage and late stage
  3. - Invests in companies from various sectors from early stage to late stage
  4. - Invests in early-stage technology companies
  5. - Invests in companies across sectors at early stage and late stage
  6. - Invests in companies across sectors at early stage and late stage
  7. - Invests in tech companies across sectors at every funding stage
  8. - Invests in tech companies across sectors from the early stage to later stages
  9. - Invests in companies across sectors from early stage to late stage
  10. - Invests in startups across sectors, from early to later stages

Technology and Science Focused Investment Funds

  1. - Invests in UK technology companies across sectors, investing early stage capital, including Pre-seed
  2. - Invests in B2B tech companies with a focus on AI, fintech and Industry 4.0 in Europe and the UK
  3. - Invests in tech companies across sectors, providing early stage capital from pre-seed to Series A
  4. - Invests in companies in any sector, anywhere in the world, providing early-stage capital from Seed to Series A
  5. - Invests in tech companies, with a particular focus on AI and blockchain
  6. - Invests in early-stage software companies across sectors

Impact and Sustainability Focused Investment Funds

  1. - Invests in science and technology startups in service of the UN’s Sustainable Development Goals. They invest Pre-seed and Seed capital and can help with follow-on funding from Series A and beyond
  2. - Invests in sustainable startups creating positive social and environmental change at the early stage
  3. - Invests in sustainable companies creating positive change
  4. - Invests in tech companies that address the challenges of climate change and resource scarcity

Early Stage Investment Focused Funds

  1. - Invests in purpose-led British product businesses, focusing on early-stage companies
  2. - Invests in early stage companies
  3. - Invests internationally in technology and finance companies, providing early-stage capital from Seed to Series A
  4. - Invests in tech companies in European and UK companies with a focus on UK and Nordic markets at early-stage

Later Stage Investment Focused Funds

  1. - Invests in post-revenue (over £1M) technology companies in the UK
  2. - Invests in UK SMEs across sectors at later-stage funding rounds
  3. - Invests in profitable companies across sectors, usually at later stages
  4. - Invests in more established tech companies across sectors that are generating £1-10 million in revenue

Legal Considerations with EIS Investments

Other than than NDAs and term sheets, additional legal complexity may arise from competing directly with a company in a fund’s existing portfolio. It may be best to avoid approaching those altogether.

Legals asied, approaching investors demands research anyway. Do make sure the fund aligns with your Investment Stage, Vertical and geographical location too.

Final Thoughts on EIS Investments

Despite the higher risk associated with EIS funds, they present an attractive proposition for extra funding for growth or refining an idea. However, with changes in market dynamics which have rippled deep into 2023, investors are prioritizing safer bets and startups that project a trajectory towards revenue and profitability.

Hence, your pitch may do better if you emphasize longevity over growth-at-all-costs.

As a startup founder, leveraging services like can streamline and improve your legal processes as you navigate dense legal documents and frameworks for the first or second time.

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