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)

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+44 20 3868 9723

Example Portfolio Companies