Veridian Ventures does not charge its investor members any upfront or yearly recurring fees. Our only charge to investors is a performance fee when one of the companies you invested in through us has a successful exit. For more details please check the “For Investors” page.
Our minimum investment for each syndicate member is £5,000 per deal.
There currently is no minimum annual investment requirement for our syndicate members. We may however periodically review our members’ investment history and discuss with them their investment aspirations if we find that a member has invested in none or very few of the deals we brought to them. Furthermore, we actively encourage our members to build a well-diversified portfolio of investments in start-ups, which means each of our members must be in a financial position to make several investments of at least £5,000 each year to effectively diversify their portfolio and mitigate risk.
Yes, investments in start-up companies should be regarded as high-risk investments, since most start-up companies do not succeed and consequently the capital invested in them is lost. A minority of start-up companies do however succeed, and in some cases generate exceptional returns on the capital invested in them. This is why at Veridian we encourage all of our members to develop a well-diversified portfolio of investments in start-ups as opposed to making a small number of large investments.
The shares are directly owned by the member. In some cases, Veridian may opt to use a nominee structure to hold the shares owned by its members in a particular investment.
In principle – yes; in practice, as these shares are not listed (i.e. not publicly traded on a stock exchange), the market for them tends to be very illiquid and it may prove hard to find a buyer. Furthermore, if you are entitled to S/EIS benefits as a result of an investment in a start-up, but you sell the shares you bought before three years have passed from the date of the investment, you will lose all S/EIS-related benefits.
In such a case, Veridian will endeavour to find a buyer for your shares on a best effort basis. However the value of the shares at the selling point may not reflect their true value and may be lower than what you paid for them. Please read our disclaimer and or contact us to learn more about the risks involved in early stage start-up investment.
The minimum holding period required to comply with S/EIS requirements is three years; however, most start-up companies that do succeed and reach liquidity events (typically sale or IPO) only do so after 4-5 years or more, which should be the average holding period each of our members should expect for each individual investment.
Please review the “For Investors” page which includes details of both schemes. You can also find additional details on the HMRC website.
As long as you pay your taxes in the United Kingdom, you should be able to benefit from the SEIS and EIS schemes.
The SEIS and EIS schemes provide a reduction in your tax liability for the tax year in which you’ve made your investment. If you don’t pay your taxes in the United Kingdom then there’s nothing to reduce your tax liability from.