The Haatch EIS Fund invests in seed B2B SaaS companies that will usually have a minimum-viable product and starting to show signs of revenue traction. Investments should have the capacity to solve deep pains in the present and/or creating quantifiable impact for its customers. Haatch’s post investment support focuses on creating and developing go-to-market processes, including establishing good customer personas and seeking the best channels and funnels. In 2025, Haatch achieved five successful exits across its EIS and SEIS funds.

Why invest

Positives

• Strategy:  Exposure to a portfolio of B2B SaaS companies, focused on the team’s areas of expertise.

Issues

• Track record:  A limited number of successful exits to date, but it had five in 2025, and the unrealised results continue to progress.

The investment manager

Positives

• Team:  The team brings strong entrepreneurial experience, having started, grown and sold several businesses.

Issues

• Expansion:  Haatch is expanding rapidly. While the team has experience of managing growth, it brings some risks.

Nuts & bolts

• Duration: The fund is evergreen, with a target of four closes a year, or whenever sufficient funds are raised.
• Diversification: The manager expects to provide 5-7 investments for each closing, with a deployment targeted within the same tax year.
• Valuation: Usually changes at next financing, or on writedown.

Fees

• Fees: All fees are charged directly to investors.
• Performance fee:  Charged at 25% on aggregate returns between 1x and 5x, and 30% on returns thereafter.

Risks

• Target returns: The target return of 3x suggests a high-risk investment strategy.
• Companies: Supplying risk capital to early-stage, digitally enabled companies at the start of commercialisation. There will be a spread of company returns, as the successful ones will do very well, but those that fail may do so completely.