RCS - Superseed Capital Ld - Intention to Float on AQSE Growth Market

Wam CapitalAnnouncement

10/01/2022 08:05

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RNS Number : 8426X  Superseed Capital Limited  10 January 2022

 

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UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE
THIS ANNOUNCEMENT.

 

This announcement is not a prospectus or admission document and not an offer
of shares for sale in any jurisdiction, including in or into Australia,
Canada, Japan, South Africa or the United States.

 

Neither this announcement nor anything contained herein shall form the basis
of, or be relied upon in connection with, any offer or commitment whatsoever
in any jurisdiction. Investors should not subscribe for or purchase any shares
referred to in this announcement except solely on the basis of the information
contained in an Aquis Stock Exchange Growth Market admission document (the
"Admission Document"), including the risk factors set out therein, that may be
published by SuperSeed Capital Limited in connection with Admission (as
defined below).

 

DATE: 10 January 2022

 

SuperSeed Capital Limited

("SuperSeed Capital" or the "Company")

 

Intention to Float on AQSE Growth Market

 

SuperSeed Capital Limited is pleased to announce its intention to apply for
admission of its Ordinary Shares ("Admission") to trading on the Access
Segment of the Aquis Stock Exchange Growth Market ("AQSE Growth Market").
 Admission is targeted for January 2022.

SuperSeed Capital will be a feeder fund, investing as a limited partner of
SuperSeed Ventures second fund, SuperSeed II LP ("Fund II"), managed by
SuperSeed Ventures LLP ("SuperSeed Ventures") as the Company's Investment
Manager.

Through this listing, SuperSeed Capital's investors will gain exposure to
investments in UK early-stage technology companies, an asset class that is
usually only accessible to private market investors.

Highlights:

·      SuperSeed Capital will invest in early-stage UK B2B tech
companies primarily through SuperSeed Fund II.

·      Fund II benefits:

o  Early-stage tech investing offers potential for high multiple return to
investors

o  Diversified portfolio de-risks Fund II investment

o  Partnership with the British Business Bank provides profit leverage with
no relationship to tax

o  Compatible with SIPP and ISA for sophisticated investors

·     The anchor investor of Fund II will be the British Business Bank
which will provide 60% of the capital for Fund II, but only take a reduced
profit, providing accelerated returns due to profit leverage created by the
investment under the Enterprise Capital Funds programme. This will be the
first publicly listed fund-of-venture-capital-funds in the UK. It will also be
the first IPO that provides investors access to the British Business Bank's
Enterprise Capital Funds programme.

·     SuperSeed Ventures targets a 3-5x return for limited partners over
a 10-year period in Fund II.

·   The Investment Manager's team, the SuperSeed Ventures team, has two
decades of operational experience in  Artificial Intelligence ("AI"),
Software-as-a-Service ("SaaS") and B2B sales, having built and sold multiple
companies as entrepreneurs and investors in Software, AI and Digital Services,
generating total exit proceeds in excess of £25 million.

·     SuperSeed Ventures seeks to invest primarily in:

o  B2B SaaS; SuperSeed Ventures' management believes this area is attractive
because of the potential for a   recurring revenue stream and for
cost-effective distribution to a global audience;

o  Artificial Intelligence; which is a crucial enabler of the 'fourth
industrial revolution' and has the potential to   disrupt nearly every
sector in every country, therefore the management sees AI as one of the most
exciting   growth areas; and

o  Data; since data is the most crucial ingredient to AI's development and
along with originators of unique   datasets used for AI are becoming
increasingly valuable.

·    SuperSeed Ventures launched Fund I in 2019. Fund I invests in
companies which have a market-ready, or nearly market-ready product and where
significant value can be unlocked if the company can create a scalable,
profitable and repeatable sales and distribution model.

·     Fund I has invested into 15 seed stage companies, with 10 of the
companies either already at Series A or on track to hit those milestones
within the next 6-9 months. Within 2 years, Fund I has shown an increased
portfolio revenue of >6x since 2019 and has provided a 25% IRR (net) to
date.

·     Similar investment opportunities in other unlisted technology
funds and companies will be considered over time in other investment funds
managed or advised by SuperSeed Ventures.

·     SuperSeed Capital will be the first AIC member to be admitted on
AQSE Growth Market.

Expected IPO and Fundraise highlights:

·      Admission to trading on the Access segment of the AQSE Growth
Market.

·      IPO Fundraise has commenced.

VSA Capital Limited ("VSA Capital") have been appointed as AQSE Corporate
Adviser and Broker to the Company for the proposed Admission.

Mads Jensen, Investment Manager of SuperSeed Capital Limited, said:

 

"We established SuperSeed Ventures in 2018 to empower ambitious entrepreneurs
to create exceptional B2B companies in software and AI and deliver outstanding
returns to investors.

 

"Venture capital investments have traditionally been accessible mainly to
ultra-high net worth investors. Now we aim to provide public markets investors
access to exciting venture capital opportunities through the listing of
SuperSeed Capital. There is an emerging trend of venture capital firms going
public and we believe this will become increasingly common in the future.

 

"Having started, built and sold multiple companies as both founders and
investors, we are amongst a select group of only 8% of UK VCs who have both VC
investment experience and have worked at a start-up. We use our first-hand
experience as former operators to successfully identify and guide companies
with growth potential. We believe real customer traction is the key
determinant of sustainable business success for technology start-ups.
Therefore, we apply our knowledge of software and enterprise sales to assess
product market fit before investment, and often directly support founders in
developing the sales model and product roadmap to reduce risk of failure.

 

"SuperSeed Capital will be the first feeder fund to be listed on Aquis. It
will also be the first listed fund that provides access to a fund in the
British Business Bank's Enterprise Capital Funds programme. The IPO will
enable us to provide even more capital and support to early-stage UK B2B
technology companies. Combined with our hands-on expertise in the SaaS and AI
technology domains, the funding will help deliver outstanding results for all
stakeholders and we look forward to the exciting opportunities ahead."

 

 

ENDS

 

 

For more information, please contact:

 

 SuperSeed Capital Limited                        +44 (0)20 3405 3060
 Mads Jensen, Investment Manager                  mads@superseed.com

 VSA Capital - AQSE Corporate Adviser and Broker  +44(0)20 3005 5000
 Andrew Monk, CEO                                 ipo@vsacapital.com

 Andrew Raca, Head of Corporate Finance

 Peter Mattsson, Head of Private Equity

 David Scriven, Head of Sales

 

 KNECTCOMMS - Financial Communications  +44 (0)7453 323 367
 Kamyar Naficy                          kn@knectcomms.com

 

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