MMC Ventures launches EIS fund for youngsters

The new vehicle, MMC Growth Generation Fund, will waive management fees and subscription costs to attract investors.

The fund, which is structured as an unapproved EIS fund, will look to invest between £500,000 to £2m in UK businesses that operate in high growth sectors. MMC expects to invest in at least four companies within 12-18 months. These investments will include new deals as well as follow-on funding rounds for existing investee companies.

Minimum subscription for the vehicle will be £2,500.

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