Launch stream

Vala backs Dragon’s Den favourite for new sustainable EIS

Jake Wombwell-Povey

Vala has launched a new sustainable EIS fund investing in “fast-growth” start-ups.

After successfully completing its first funding round for its new Sustainable Growth EIS raising £1.2m, Vala Capital has chosen three new firms to back including the UK’s first zero-waste online supermarket Good Club and sustainable cleaning product company Homethings, which received offers from all five dragons on Dragons’ Den. The third company in the portfolio is Qflow – a construction-tech business providing real-time analysis of materials, waste and emissions onsite.

Jake Wombwell-Povey (pictured) fund manager at Vala Capital, said: “This is just the start of our long-term journey to identify fast-growth companies that aim to deliver attractive returns because of their sustainability credentials, not in spite of them. We believe that there are compelling macro tailwinds that will drive both financial returns and sustainability impact for businesses that can capitalise on them over the next five to 15 years.

“The world is increasingly demanding that business is done in a sustainable way. It is the truly sustainable companies that will benefit from preferred access to customers, talent and capital – and increased interest from more conscientious retail, corporate and government buyers.”

Vala is hoping to raise £15m for the fund over the next two years and will embark on its second round of fundraising in September.