Ethex is delighted to announce that we have successfully closed an equity raise for Spare Fruit, a mission led business working to reduce food waste by using fruit that would otherwise be thrown away to create delicious healthy snacks.
Having reached their initial investment target of £150,000 in three working days, Spare Fruit over-raised an additional £61,000, raising £211,000 in total, 141% of its original target.
The Spare Fruit equity raise qualified for Seed Enterprise Investment Scheme (SEIS)* tax relief on the first £150,000 raised and Enterprise Investment Scheme (EIS) tax relief on the additional investment.
This offer was conducted on a restricted basis to High Net Worth and Sophisticated Investors within the Ethex investor base.
Ethex will be bringing similar equity offers onto the platform in the near future, if you would like to take part and think you may qualify as a High Net Worth or Sophisticated Investor please fill out the self-certification form here and sign up to the Ethex Newsletter here