Home Finance & Investments Newcastle co-investment group represent region at Dublin conference to source exciting future...

Newcastle co-investment group represent region at Dublin conference to source exciting future opportunities

(L to R) Jeremy Middleton, Andrew Jenkins and Rebecca Roberts

Conviction Investment Partners (CIP) is flying the flag for the North East at the prestigious SaaStock conference in Dublin.

It has a coveted speaking slot at what has been described as ‘Disneyland for Software as a Service (SaaS) companies’ and ‘The best conference in Europe for SaaS founders and executives.’

SaaStock19, taking place in October, will bring together 4,000 leaders to learn how to gain real traction, accelerate growth, and scale their businesses into category-leading SaaS companies.

The CIP syndicate offers investors the opportunity to invest in high-growth early stage companies that employ the Cloud to build a disruptive SaaS based model. The Conviction partnership is led by founding shareholder Andrew Jenkins, who has invested in disruptive technologies for 10 years, most notably Mimecast, which is now Nasdaq listed at over $2bn.

Andrew is supported by Jeremy Middleton CBE, Managing Director of successful private investment company Middleton Enterprises Limited, and co-founder of home emergencies repairs business HomeServe plc, now a FTSE 250 company valued at over £4bn.

Andrew Jenkins said: “The crème de la crème of SaaS businesses and their leaders will be represented at SaaStock in Dublin and it’s a tremendous opportunity for CIP to have the chance to address the conference.”

Jeremy Middleton said: “CIP has supported a number of significant companies including Adepto, a skills-based Total Talent SaaS platform, iZettle, which was purchased by PayPal for $2.2bn generating exceptional returns to CIP investors and Oradian, a cloud-based banking platform for financial institutions in frontier markets.

“SaStock is the place for businesses in this sector and exactly where CIP needs to be to generate future opportunities.”

The syndicate Conviction Investment Partners offers ‘Just in Time’ finance to a select number of fast growing companies.

Rather than providing large blocks of expensive capital upfront, the ‘Just in Time’ model invests smaller amounts of money each year, subject to the company hitting the pre-agreed growth targets. This means that founders of companies are typically diluted much less than if they were funded through a traditional VC model.

It also means that syndicate investors can take smaller initial positions and add to them when and if the investee companies continue to meet the set metrics.