EIS Fund Manager of the Year(2008)
Finalist (2009, 2011 & 2012)
7 portfolio companies in the SVC2UK ‘100
Equity Gap Fund of the Year
Shortlisted (2012 & 201313)
17th April 2014
This presentation constitutes a financial promotion and is made by MMC Ventures Limited (“MMC”) of 2
Kensington Square, London W8 5EP, a firm authorised and regulated by the Financial Conduct Authority
(“FCA”). Prospective Investors are advised to consult their own independent financial adviser authorised by the
FSA before contemplating any investment. Prospective investors should not regard the contents of this
presentation as constituting advice relating to legal, taxation or investment matters and are advised to review
the MMC EIS Fund Information Memorandum and to note the section headed Risk Factors when considering an
Whilst MMC has taken reasonable care to ensure that all the information in this presentation is materially
accurate and not misleading, no representation or warranty, express or implied, is given by or on behalf of
MMC as to the accuracy or completeness of the information or opinions contained in this presentation.
Past performance is not necessarily a guide to future performance and may not be repeated. You should be
aware that share values and income from them may go down as well as up and you may not get back all or any
of the amount you originally invested.
The information in this presentation makes reference to EIS relief, IHT relief and CGT Deferral relief. The tax
reliefs are those currently available and may be subject to future change and their availability is dependent on
upon the individual circumstances of each investor.
Syndicate of experienced
High Net Worth business
EIS and non-EIS deals
MMC launches EIS Fund
EIS deals only
MMC ECF raises £30m 10
year LLP incl. £20m from
HMG and attracts
endowments to MMC Co-
Co-invests with EIS Fund
£14m MMC London Fund
from Mayor of London
Co-invests with EIS Fund
2000 20062002 2008 2010 2012 2014
£130m+ of funds
• Extensive due diligence by institutions and Government
• Invest only on the commercial merits of the deal: we co-invest institutional
and EIS money
• Team has personal exposure to every EIS deal
Focus on sectors where UK is a world leader with a deep pool
of expertise and talent available
Sector breakdown of
current MMC investments
(by number of companies)
23% Business Services
Founders, family, friends
Business angels & networks, seed funds
Corporate venture funds
Early stage VCs
Growth VCs, private equity etc.
Focus on fast developing businesses that we can fund along the growth curve.
Aim to invest £5-6m per company over 2-3 rounds
1,000 plans reviewed
175 teams met
21 individual investment
rounds (new & follow on)
14 year old network
Proactive search for deals in chosen sectors
Huge bank of sector expertise
Co-investments with international VCs – e.g.
Bessemer Venture, Chernin Group ,Tiger Global
Multi-niche e-commerce business
focused on furniture retail
Online home swapping
An online marketplace to list,
discover and book short-term
retail space around the UK.
Cloud-based CRM software tool
for recruitment services market
A recipe box business that
delivers a weekly box of healthy,
A curated online-movie service
catering to independent and
art-house film enthusiasts
The UK's largest fitness network.
Europe's largest independent,
full service mobile marketing
Considered approach to management
Across current portfolio:
• Average revenue growth: 5x
• Over 2,000 jobs created
• Hands-on approach helps businesses build strong teams and drive good processes
• Attract substantial follow-on funds from major global institutional VCs
• Exit strategies explored and agreed from outset
“For investors with an appetite for backing young growth companies, MMC EIS
is one of the most experienced and responsible managers in this sector.”
Allenbridge Tax Shelter Report (February 2013)
• We are getting industry recognition for our deals, attracting
generous co-investment. In 2013 alone we attracted over
$100 million in total investment into the portfolio.
• During 2013 we invested in 18 companies, these deals
attracted co-investment in every case, mostly from
international institutional investors.
“Recognition in the industry goes a long way to illustrating the great
work we’ve been doing funding and supporting high-growth
businesses. We’re demonstrating significant long-term value being built
in our portfolio.” – Bruce Macfarlane, Managing Partner
over 50 years of combined VC experience
Director at Merrill Lynch.
Bruce qualified as a
barrister in London and
an attorney in New York.
Alan spent 28 years at
McKinsey & Co where he
was head of the financial
services practice in UK,
Europe and the Middle East
Formerly of global
leveraged fund team at JP
Morgan. Jon has an MEng
in Engineering Science
from St Peters, Oxford
Rory was in the UK M & A
team at Greenhill & Co,
before going on to
found a start-up business
in the social media space.
Formerly Consultant and
Case Team Leader at Bain &
Co specialising in fin-tech.
She has an MA in Law from
Merton College, Oxford.
Previously senior consultant
in the Strategy practice at
Deloitte, working with
media, telco and
Has a BSc in Physics,
completed a course in
Financial Engineering taught
by Columbia University
professors and is training for
her CFA I.
Sales & Marketing
Previously the marketing
manager for a media
production company and
publisher of special interest
reports for The Times.
Investor Support &
Previously assistant at
Oxygen, an insurance
broker in the City.
Victoria is a qualified
solicitor. She was
previously in private
practice at the London
offices of Jones Day.
MMC in a snapshot
Offers investors exposure to a portfolio of hard-to-access, fast growing
private UK companies, combining real capital upside potential with very
generous tax incentives.
Experienced: founded in 2000 with c. £110m AUM
Dynamic: ranked 3rd most active early stage investor in the UK
Discerning: all new deals selected each year from massive deal flow
Focused: tech-enabled business in sectors where UK is a world leader
Engaged: active and supportive MMC involvement on every deal
Successful: strongly performing portfolio of 28 companies
Aligned: the team has invested over £10m across the portfolio