July 2021 Updates
July was another fantastic month for the RLC team and portfolio; from launching our EIS fund and being shortlisted for the EISA "Best SEIS Investment Manager" award, to welcoming a new addition to the RLC Portfolio family and more...
In this edition we cover:
- EIS Fund Launch
- Welcoming Pandme
- Awards and Mentions
- What We Wrote
- Portfolio Updates
🚀 RLC Ventures EIS Fund
We are delighted to announce the launch of our 2021 EIS Fund, which is now at 70% capacity
The 2021 RLC Ventures EIS Fund will offer investors exposure to 10-15+ UK Software companies, with global reach from day 1.
The EIS Fund will opportunistically back RLC Portfolio winners as well as new opportunities at a slightly later stage.
If you would like to learn more, please apply via the following form.
🛍️ Welcoming Pandme
📣 We are excited to announce our investment in Pandme, an AI-driven personal shopping assistant
Pandme is transforming the way consumers shop by building a personal shopping assistant that utilises AI and shopping experts to search the internet to find the best value item for an individual, tailored to their request. Ultimately, reducing the time taken to make a purchase decision from 4+ hours to 4 minutes.
- 🌱 £250K Pre-Seed Round
- 🥇RLC Ventures led the round, with participation from existing investors, including TechStars
- 🧑Exceptional founder-market fit, with Serhat having launched Google Shopping in 4 countries. The wider team have a great combination of founder, fintech, and data engineering experience
- 📈 Strong traction and exciting product developments
With strong growth metrics over the past 6 months and an ambitious roadmap ahead, we are excited to be joining them on their journey.
🏅 EISA Awards 2021 Shortlist
We are thrilled to have been selected in the shortlist for the "Best SEIS Investment Manager" category. Having recently closed our latest SEIS fund, it is fantastic to see our hard work in this space be recognised; and we are excited to continue backing transformative startups through the A3 RLC Ventures Fund.
If you're a founder looking to raise, we would love to hear from you! Please feel free to take a look at our investment criteria page and if you think you're a good match, apply for funding here
🖊️ What we wrote
Last month at RLC, we spent time diving into what startups need in order to prepare themselves for VC funding. We dived into everything from how investors think, to what key elements investors look for and how to approach a fundraise.
Some of the material we highlight in this piece includes:
📝 What documentation you'll need
🧩 How to assess Product-Market Fit
🏆 Thinking about your competitive landscape
🧑 Building your founding team
🎯 Creating a target investor list
🗣️ Preparing your pitch to investors
Read more about how to prepare for your fundraise here
📢 Notable Mentions
We were delighted to see a number of mentions and tags to the content we created over the past month across social media. To all those that shared our resources or gave us an honourable mention, we thank you!
It's rewarding to know our content is proving useful for all those within the venture ecosystem, and we're excited to keep delivering insightful content for investors and founders alike. Be sure to follow the RLC Ventures LinkedIn page here to stay on top of our latest content.
🌱 Portfolio Updates
One of the advantages of having a large (and growing) portfolio is the diversity and range of experience across each founding team. At RLC, we are proud of the strong community we have built amongst our portfolio founders, and their willingness to leverage their experiences to help each other.
For any new business, runway and cash preservation in the first 12-18 months is extremely important. As such, Anthony Peake (CEO, Intelligent AI) kindly delivered a grants workshop to the rest of the RLC portfolio founders, having successfully secured £500K+ in grant funding himself.
A special thanks to Anthony for delivering a fantastic workshop, with many more insightful portfolio workshops to come.
Some of our portfolio companies are hiring:
See the open roles below at each companies careers page:
RLC Ventures is authorised and regulated by the Financial Conduct Authority (FRN: 939163). EIS/SEIS investments should be treated as higher risk/speculative and place capital at risk. Past performance is not indicative of future performance and tax reliefs depend on individual circumstances and are subject to change. The products and/or services mentioned are only available to professional investors. The content of this Newsletter is correct at the time of publication. Any sharing or forwarding, by recipients of this communication, is the responsibility of the recipient as a communicator.