About the Follow-On EIS Fund
The Fuel Ventures Follow-On EIS Fund makes follow-on investments in existing portfolio companies. It targets the 5-8 of the best performing companies in our portfolio who need additional capital to accelerate their already proven growth.
A follow-on investment decision from the Fuel Ventures EIS Fund goes through a rigorous decision-making process, which includes approval by our experience Advisory Committee and Investment Committee.
By having most of our portfolio companies based in our co-working space, we have a good understanding of which of our companies are fast growing and could benefit most from follow-on investment. This means we can deploy the fund in a short period of time, giving EIS investors the ability to carry-back their tax relief to the previous tax year.
Key Information
- Current status: Open for deployment in 2023/24 tax year
- Fund type: EIS
- Investment goal: Growth
- Invests in: Marketplaces, platforms, SaaS
- Portfolio size: 5-8 companies
- Target returns: 5x
- Target time to full investment: Before 30th March 2024
- Tax relief available: EIS (income tax relief, capital gains tax relief, loss relief)
Example Portfolio Companies

Moteefe is the world’s leading social commerce platform providing digital marketers and influencers an instant opportunity to sell customised on demand products globally.

B2C on-demand logistics platform for moving anything, anytime, anywhere via a scalable network of independent shifters (self-employed van drivers).

An ecommerce marketplace that doesn’t hold stock and provides buyers with greater choice and savings.