Please note:
Investing in early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. This platform is targeted solely at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. Investors are encouraged to review and evaluate the investments and determine at their own discretion, the appropriateness of making the particular investment. The information on this website is provided for informational purposes only, but we cannot guarantee that the information is accurate or complete. We strongly encourage investors to complete their own due diligence with licensed professionals, prior to making any investment and will not offer any legal or tax advice.
Short Summary
Haatch EIS Fund is an award-winning Fund offering deployment into 4-6 companies, focused on seed-stage B2B SaaS businesses that have defined customer profile, are solving real pain points and are doing a minimum of £10k Monthly Recurring Revenue.
Highlights
- Focus on early-stage B2B SaaS businesses
- All opportunities are currently at least £10k Monthly Recurring Revenue
- Successfully achieved an exit from the Haatch portfolio for 276x
- Hands-on approach to investing and supporting companies
- Strong pipeline of investment opportunities
Overview
| Target | 150,000,000 |
| Minimum | 12,500,000 |
| Investment Raised | 17,500,000 |
| Previous Rounds | 20,000,000 |
| Stage | Breaking Even |
| Investor Role | Any |
The Business
Haatch was founded by Scott Weavers-Wright and Fred Soneya in September 2013 initially as an angel co-investment joint venture. Following their success Haatch launched the EIS fund in 2018. Since then we have invested in over 99 companies and seen impressive growth. The team are experienced hands-on value creators, having built, scaled and successfully sold businesses with over $200m of exits between them. It uses that knowledge, experience and network to accelerate the growth of portfolio businesses via its hands-on approach. Haatch enables investors to benefit from the team's knowledge & experience of investing in UK technology whilst taking advantage of some of the generous tax reliefs on offer (if applicable).
The Market
The UK Venture Capital market is predominantly comprised of angel investors/syndicates and University accelerators offering first cheques into new ideas and later-stage (Series A, B, and beyond) Funds that can offer considerable capital to supercharge growth once the £1m Annual Recurring Revenue mark is reached, which is the benchmark for raising a Series A. The Haatch EIS Fund sits in the organic gap that exists between these two ends of the ecosystem, taking companies that are demonstrating a strong ability to sell into their enterprise customer base but that require further investment and mentorship to build their infrastructure to transition from a startup to an established Scale Up. The Fund also benefits from our SEIS Fund's dealflow
Progress/Proof
Over the last nine years, the team has been investing, supporting and managing their own private Haatch fund portfolio of companies, hand-selected through a world-class deal pipeline. We have invested in over 99 companies through 190 investments. The portfolio is currently valued at over £800 million. Our first EIS fund, which made its first investments in early 2019 is now starting to mature with this fund currently valued at a 361% increase in valuation based on the last third-party validated share prices and we’re seeing consistent performance across all of our maturing funds. We charge NO fees to investee companies which means we participate in the best deals.
Objectives/Future
Minimum investment of £10,000. No max. We invest in 4-6 companies per tranche. All companies are doing a minimum of £10k MRR. Backing entrepreneurs who can 100x their business. Focused on B2B SaaS, solving deep pains in the present and/or creating massive impact.
The Team
Haatch have a team of experienced hands-on value creators. We use that knowledge, experience and network to accelerate the growth of early-stage companies. Kiddicare.com founder Scott Weavers-Wright, who sold the business to Morrisons in 2011 for £70m & has since sold another start-up to Quotient Technologies (NYSE Listed), digital marketing expert Simon Penson (founder of Zazzle Media; sold to NYSE-listed IPG for £37m) and Mark Bennett (VP for Android GTM at Google) as well as respected technology expert Fred Soneya. Together the team is able to best support portfolio companies not just with cash, but with a vast wealth of start up scaling knowledge.
Scott Weavers-Wright OBE
Co-Founder & Partner
Scott is best-known for founding one of Britain's largest e-commerce businesses Kiddicare.com which was subsequently acquired in cash for £70m, by Morrisons, one of the UK's largest supermarkets. Reaching 6th on the Retail-Week Power List, Scott is regarded by many as one of the UK's most innovative business professionals in retail. Founding Haatch, Scott has invested in, and developed businesses in the areas of ad tech, B2B SaaS and retail tech. Scott founded Elevaate in 2014 enabling supplier monetisation programs across retailer websites. Elevaate was acquired by Quotient Technology Inc. (NYSE: QUOT) based in California in 2018. Scott was awarded an OBE in 2022 for services to Technology and Retail E-commerce Entrepreneurship.
Fred Soneya
Founder and General Partner
Fred was responsible for a number of high-profile, large-scale innovation projects across Kiddicare.com and, post-acquisition, Morrisons, the UK’s 4th largest Supermarket. Fred created award-winning digital customer experiences by working with cutting-edge early-stage technology start-ups, bridging the online-offline gap at Morrisons. This included the launch of browse-and-order points at over 300 supermarkets, mobile payments which scaled to hundreds of millions in revenue and electronic shelf-edge labels for thousands of SKUs in the largest, digital-first retail stores in the UK. Having co-founded Haatch in 2013, and launching the tax-efficient funds in 2018, Fred is responsible for the day-to-day running of the funds and team.
Mark Bennett
Partner
Mark Bennett is VP for Android GTM at Google, having previously been Director of Hardware Partnerships in APAC and led the international business of Google Play. In his current role he leads a global team responsible for driving the success of the android ecosystem. In his previous roles he headed up Google's hardware sales in APAC and focused on growing Google’s digital content business for games, apps, film and other content verticals in EMEA, APAC, and LATAM. Prior to Google, Mark was the Managing Director of Blinkbox Music, where he grew the streaming music service to over 2.5 million users in 18 months. Previous to this, Mark held posts at Sainsbury’s, Microsoft & HMV.
Jeremy Luzinda
Senior Associate
Jeremy sits on the investment team and is responsible for leading deals from discovery, through our due diligence process to writing cheques and offering post-investment support for portfolio companies. He'll look at early-stage technology start-ups that fit our thesis and deploys capital from the SEIS and EIS Funds.
Tom Healy
Head of Fundraising
Tom is primarily responsible fundraising and the growth of the Haatch EIS and SEIS Funds. Additionally he manages investor relationships, serving as the primary point of contact for direct investors into the Funds. Prior joining Haatch in 2024, Tom started out working in Investor Relations at a structured credit hedge fund before then going on to another EIS Fund as a Senior Associate where he was directly responsible for raising over £5.5m during his tenure as well as creating and maintaining marketing collateral and assisting portfolio companies in raising subsequent funding rounds.
Jessica Fox
Head of Marketing & Investor Relations
Jessica is responsible for Marketing and Investor Relations at Haatch, including communications, messaging and working with investors, advisers and intermediaries. Prior to joining Haatch, she gained a wealth of experience most recently with another leading EIS and VCT provider, Calculus Capital. Before this, Jessica held a number of roles in the Investment Management sector, working with advisers and HNW clients at 7IM as an Assistant Relationship Manager and in Business Development and Marketing at Close Brothers Asset Management.
Sophie Weavers-Wright
Head of Platform & Portfolio
Sophie’s role at Haatch is focused around supporting the relationship with our portfolio companies, Haatch and each other, in a connecting role as we continue to grow the Haatch offering. Prior to joining Haatch, Sophie was part of an original Haatch backed company which was acquired back in 2018. Her role there was Senior Customer Success Manager looking after tier 1 companies within the platform, helping them with everything from strategy to pacing and everything in-between.
The Deal
Looking for PKR 1,829,000,000 - Min per Investor PKR 7,300,000 Interested investors will be provided with our full Information Memorandum which provides information on the fund structure, fund management & investment strategy in detail. Suitable for self-certified sophisticated & HNW investors only. Capital is at risk. Any questions or for further information get in touch with Tom Healy, Head of Fundraising at tom@haatch.com or 07760177621. Or book some time at the below link: https://calendly.com/tom-haatch/30min