Amount: £50,000 – £2million (excluding matched private investment: maximum initial investment is likely to be £750,000)
Co-investment: at least 30% of the funds and preferably 50%. Ideally these investors will bring added value as well as cash investment.
Structure: Typically Ordinary Shares but possibly Convertible Loan Notes or Preferred Ordinary Shares
Security: generally none
Costs: Arrangement fees, monitoring fees and legal costs apply