New Fund Aims to Back the Tech Stars of the Future
One of the region’s most successful entrepreneurs is looking for a host of new business partners for 2019 just weeks after celebrating his second multi-million-pound company sale.
Scott Weavers-Wright, the technical brains and CEO behind Kiddicare.com, which was sold for £70m has launched an investment ‘club’ aimed at investing in some of the country’s most exciting digital start-ups.
He will be joined by three further prominent local entrepreneurs and businessmen in Google Director and Ufford resident Mark Bennett, Simon Penson, founder of Zazzle Media, a recently acquired national digital marketing agency and Fred Soneya, Weavers-Wrights long time business partner.
The launch of the new EIS-qualifying fund under the Haatch Ventures banner comes just weeks after the tech entrepreneur celebrated selling Elevaate into Silicon Valley company Quotient Technology in an undisclosed deal described as ‘one of the biggest UK tech sales of the year’.
But as the seasoned entrepreneur explains he has no plans to stop there:
“The sale has really raised the profile of Haatch and Stamford and what we are trying to achieve and it’s for this very reason that we have now launched our new fund Haatch Ventures.”
“The idea is to open up our investments to others via a tax effective EIS fund and so we are now actively looking for others to join the club and invest with us! We’ve just closed tranche one and are now looking for more people to join us on the journey.”
The fund will focus on EIS-qualifying UK start-ups in the deep tech space, whose founders need not just cash but also the critical experience the team can provide in order to accelerate growth.
“I’ve had a lot of success in the space, adds Weavers Wright. “I now want to share that with many other local people so we can really put this region on the map as a digital powerhouse.”
Want to find out more about how you can invest alongside Scott and team, or have an exciting start-up idea to pitch? Visit https://haatch.com/ventures/ to find out more or email fred@haatch.com.
Haatch Ventures LLP is an appointed representative of Sapia Partners LLP, authorised and regulated by the FCA (FRN 550103) Capital at risk; you could lose all the funds you invest. Please ensure you seek appropriate professional advice before considering this investment.
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