An £8m offer does not mean £96,000 for a 1.2 per cent SEIS angel. A worked example shows how preferences, deal costs and escrow shrink the cash, and why UK secondary markets matter.

SEIS raised a record 276 million pounds in 2024-25 while EIS plateaued and VCT relief fell to 20 per cent. This is what is confirmed about the 28 October Budget, and what UK founders can ask before it.

Every week this publication covers another piece of UK market infrastructure edging tokenisation from pilot toward permanence, a sandbox settlement, a feedback statement, a new PISCES admission. Almost none of it touches the part of the UK's startup finance system that most badly needs a liquidity answer: the earliest, smallest, highest risk shareholdings created under the Seed Enterprise Investment Scheme. SEIS is the most generous tax incentive available to any investor

Family offices are moving earlier into venture but wait 15 to 16 years for cash. Startups are the stage where secondary liquidity can be designed in from the start.

Tokenised startup equity combined with PISCES, whose FCA rules were published on 10 June 2025, could give family offices a controlled way to sell part of a stake before a company is sold or listed. SEIS holding rules still set the pace.

Seed stage deal volumes in the UK fell 27 per cent year on year, according to the British Business Bank's Small Business Equity Tracker 2026, even as overall equity investment was propped up by a relatively small number of large AI transactions. Against that backdrop, professionally managed Seed Ent

A tax insight from gunnercooke on how tokenising shares interacts with EIS and SEIS relief, and how much of the liquidity story you can safely tell at the point of issue. A tax perspective, not legal advice.

Standfirst: A year after PISCES launched and weeks after Tokenising Startups first mapped the reconciliation between tokenised shares and Companies House, this is a practical stocktake of what a founder or SEIS investor can actually use today, as distinct from what is still a pilot, a plan, or an op

Over 230 founders, 17 roundtables, 11 cities, all four nations of the UK. Earlier this year Startup Coalition ran the kind of listening tour that policymakers usually only manage in an election year, sitting down with founders from Belfast to Cardiff and Aberdeen to Leeds to hear, unfiltered, what i

HexSeed Technology, a deeptech startup based in Banchory near Aberdeen, has raised more than £600,000 in early stage funding led by Carbon13, with participation from the Net Zero Technology Centre and Vento Ventures, backers confirmed this week. The round was written through Carbon13's SEIS Fund IX,

This is the question this publication keeps circling back to, because it is the one genuinely open piece left in an otherwise settled picture. If a UK seed investor holds SEIS qualifying shares represented as a token, what specific custody and nominee structure lets that token satisfy HMRC's conditi

For founders trying to read the mood of the market this year, the number to watch is not a valuation. It is how much dry powder the funds backing them are sitting on. Index Ventures has just given the clearest signal yet that the answer, at least at the top of the market, is a great deal more than a

A small pre-seed round announced this week is a useful reminder of how much of the UK's early stage capital still flows through SEIS wrappers, and how directly that scheme shapes which founders get their first cheque.

A plain English guide for founders and investors. Part of our intelligence series on equity tokenisation in the UK.

Picture an angel who backed a Leeds founder's seed round eighteen months ago. The company is growing, a later investor has offered to buy some of the angel's shares, and the angel would like to take a little money off the table. There is a worry in the room. Those shares carry SEIS relief, and SEIS comes with a three year holding rule. Does selling now blow up the tax benefit? For a long time this question got waved away as too complicated, or treated as a genuine unknown