Investment Portfolio

SEIS

Tesseract Interactive SEIS Funds

 

The Tesseract funds invest in developers of video games that aim to be released on one of the major mobile platforms. The funds are advised by highly experienced industry executives, and enable highly skilled developers to access the capital and business support required to set out on their own.

 

To date over £11 million has been invested in over 60 new development businesses, which have created such games such as:

Telecoms Opportunities SEIS Funds 1&2

 

“Connecting the Unconnected”

 

•     4.4 billion people (2 out 3 people in the world) are not online

•     Internet.org, a Facebook led initiative to help solve this problem, suggests this is due to a number of reasons:

 

•     Devices are too expensive.

•     Service plans are too expensive.

•     Mobile networks are few and far between.

•     Content is not available in the local language.

•     People are not sure what value the Internet will bring.

•     Power sources are limited or costly or both.

•     Networks cannot support large amounts of data.

 

The first 2 Telecoms Opportunities SEIS Funds have invested in companies which utilise British telecommunications expertise to help solve this problem through:

 

•     Building, operating and maintaining WiFi networks in developing countries

•     Designing, manufacturing and selling affordable smartphones

•     Providing “last-mile” telecoms connectivity to areas without appropriate physical telecoms infrastructure

•     Designing and operating VoIP (Voice over Internet) solutions that are fit for purpose for foreign nationals

International Bandwidth Opportunities SEIS Funds 1, 2 & 3

 

•     These funds raised over £5 million to date which has been invested in 36 companies

•     Companies all own and operate data circuits between the UK and overseas

 

A typical investee company will acquire capacity on an international fibre optic cable, located between 2 data centres, through which it will then offer “s” series of voice and data services to clients seeking to connect two jurisdictions

Kirin Studio SEIS Fund

 

This fund has invested over £2.5 million into 17 companies that will develop software entertainment applications for distribution on mobile, PC and console devices. The investee companies each focussed on the creation of new, family-friendly IP with demonstrable interest from leading industry players embracing publishers, distribution networks and developers. The key strategic partner for the fund was Bandai Namco, Japan’s largest video games publisher, with sales in excess of £2.7 billion and net income of £245 million (Year Ended 31/03/2014). Mobile games generated the company £376 million in revenues during 2014 delivering it a Top 10 global ranking.

 

Select Television Production EIS Funds

 

Daedalus acts as the Fund Manager for the Select Television Production EIS Funds 1, 2, 3 & 4.

EIS

RRC Planning Services

 

Daedalus raised £3.5 million in two tranches into this company which specialises in the activities of site procurement, planning permission and change of use services for trading businesses and other land owners in the UK. The company adopts a conservative trading strategy, targeting planning opportunities in the high growth sectors of renewable energy, grocery retailing and prime residential property.

 

To date, the company has successfully enabled the owners of a former pub in Knightsbridge, London, to obtain planning consent for a 3,000 sq ft house.

 

Harris, Rotheram & Co. Limited

 

Daedalus raised investment into this new restaurant business that has recently re-launched The Marksman, in Hackney, London, into a gastropub. The principals are award winning London chefs:

 

Tom Harris

Twice awarded Michelin Stars for his offerings at St. John Hotel and then again at One Leicester Street. Tom Harris is an experienced chef and manager with over 20 years’ experience in the industry. During this time, Tom has worked for some of the best restaurant groups in the world, including Nobu and Terence Conran. As a hugely respected chef, Tom has undertaken numerous chef consultancies including devising the first menu for the original Hawksmoor.

 

Jon Rotheram

Formerly Executive Head Chef of Jamie Oliver’s flagship London restaurant Fifteen, Jon Rotheram was responsible for the new direction in the restaurant’s food, which saw the popularity of this 120 seat restaurant grow continuously. With a career history that includes working for Michelin star restaurant St. John and being Head Chef of the hugely popular Chelsea pub, The Admiral Codrington, Jon has recently begun to enjoy a strong television presence.

© Daedalus Partners LLP, 2017

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