Dominic McGregor, David Newns and Charlie Yates, founders of VC Fearless Adventures, launch their first EIS fund, looking to raise up to £5 million to invest in 8-12 businesses in the consumer, tech, and broader e-commerce space in the next 12-18 months.

With a goal to set new standards for what a genuine investor partner should be, the firm supports underrepresented regions and founder groups.

Over the past 12 months, the existing portfolio has delivered an impressive 44% revenue growth.

Fearless Adventures Launches its First EIS Fund, seeking to raise up to £5 Million to deploy into High Growth E-Commerce and Tech Businesses

Wilmslow-based venture capitalist, Fearless Adventures, has launched its maiden EIS growth fund, raising an initial capital pool of up to £5 million. Having built a specialist team, sights are now set on fundraising and deploying capital into the consumer/e-commerce technology space, unearthing high-value deals and plugging the skills and assistance gap left by generalist funds.

Founded in 2021 by three prominent figures within the British start-up scene, Dominic McGregor, David Newns and Charlie Yates, the trio are on a simple, yet powerful mission: to shape a future where fearless entrepreneurship can thrive.

As well as the capital injection, Fearless Adventures offers wraparound support services to its portfolio companies. This includes growth marketing services, business intelligence, recruitment, fulfilment, financial management support, and mentorship. The co-founders and their fellow investors, including the founders of Music Magpie, Simba Sleep, and Living Ventures, firmly believe this all-encompassing support is the key to achieving rapid growth within the sector and securing successful exits.

Aligning with their commitment as a signatory of the Investing in Women Code, Fearless Adventures (Investments) LLP, a Fearless Group Company, has made six investments to date, all female-founded or co-founded. Fearless also actively supports investment in traditionally underrepresented regions of the country, with a strong presence in the North-West, a region known for its exceptional e-commerce footprint.

Over the past 12 months, Fearless Adventures (Investments) LLP has delivered an impressive 44% revenue growth across the portfolio via its capital investment and value-add, partnership style wraparound services. Portfolio partners include the first and only retail platform in the world dedicated to women's football apparel, FOUDYS, sustainable and ethical household cleaning brand Miniml, and the £8m revenue natural pet food business, Pets Purest.

David Newns, co-founder of Fearless Adventures: “We’re hugely excited to launch our first EIS fund, this allows fans of Fearless an exciting opportunity to invest in the next set of incredible businesses that we will welcome into the fearless portfolio.”

Steve Oliver, Group CEO at musicMagpie and Fearless Adventures investor: “From the first time I met the team, I recognised our shared vision to positively impact the world by investing responsibly and with a ‘value-add’ mentality. The launch of our first EIS fund cements our commitment to helping businesses to grow and flourish.”

Emma Tapper, co-founder at Miniml part of the Fearless Adventures portfolio , said: “The ethos of the Fearless Adventures team aligns perfectly with ours, especially their drive to challenge the status quo and do things differently. With new product launches lined up, and our team and network of stockists growing fast, the Fearless Adventures’ investment and support has added real value to what we do.”

Disclaimer:

This press release is a financial promotion for the purposes of Section 21 of FSMA. It is issued by Fearless Adventures Limited FRN:971674, an Appointed Representative of Kin Capital Partners LLP FRN:656789, an AIFM as defined by the AIFMD, who have approved it on 11th January 2024. This document is not an offer to buy or sell securities and does not constitute a Direct Offer Financial Promotion. Applications for investment may only be made on the basis of the relevant application form, copies of which are available on request. No reliance is to be placed on the information contained in this document in making such an application. This material is directed only at persons in the UK. Fearless invest in unquoted securities, which are classified by the FCA as a Non-Readily Realisable Securities (NRRS). As such, these products may only be marketed to limited categories of investors relating to knowledge, experience, or financial situation. Sole responsibility for suitability of the investment for an investor, including the legal, regulatory, tax and investment consequences and risks, lies with their financial adviser or with the investor should they choose not to seek advice. If an investor decides to pursue any investment opportunity, they will be investing in unquoted companies.

Investors should not invest unless they are prepared to lose all the money they invest. This is a high-risk investment. Past performance is not a reliable indicator of future results. Investment is of a long-term and illiquid nature. It can be difficult to value or sell unquoted investments. Any described tax advantages associated with investing are based on current legislation, are subject to change, and depend on the individual circumstances of each investor.