We are pleased to announce that Kin client, Bristol based Deep Tech investor Science Creates Ventures, has successfully closed its first fund, having raised over £13m. The Science Creates Ventures EIS Fund 1 is the largest new EIS Fund of the 2020/21 tax year, according to figures from Tax Efficient Review. Science Creates Ventures is supported and backed by successful entrepreneurs behind multiple tech and deep tech exits in the South-West.
Science Creates Ventures has a deep understanding of the innovations they support and knows what the ecosystem needs to deliver to build from discovery upwards. This makes them well equipped to both identify and nurture winners. The firm is funded by proven entrepreneurs and founders, who span multiple sectors and can support the growth of pioneering companies. Investee companies can also benefit from purpose-built incubators: Unit DX and Unit DY and partnerships with local academic institutions, entrepreneurs, investors and strategic service providers.
The companies backed cover many sectors including therapeutics, diagnostics, advanced materials, hardware and software.
Science Creates Ventures founder Harry Destecroix said “Having reviewed the UK VC market, we appointed Kin Fund Services. We wanted to structure a Venture Capital fund that was a bit different to typical funds. Kin provided valuable advice, helped accommodate our bespoke requirements and helped communicate this to prospective investors. Given the Pandemic, 2020 was not the easiest year to launch a new VC fund and Kin certainly played a part in our fundraising success.”.
“Figuring out how to launch a new VC is not easy. Kin Fund Services has lots of experience in helping aspiring VCs turn their experience, skills and contacts into a successful business. We also like to bespoke things to the needs of our clients and investors. It’s what we enjoy most. Science Creates Ventures has assembled a team of inspiring individuals, has proprietary access to world class deep tech companies and we look forward to seeing them succeed.” Richard Hoskins, Co-Principal Kin Fund Services.