Can I raise SEIS and EIS in the same round?

Yes — most UK seed rounds combine SEIS (first £250k) and EIS (remainder). The share classes and terms are typically identical; only the tax treatment on the investor side differs.

Do US investors qualify for SEIS/EIS relief?

No — SEIS/EIS relief requires UK tax residency. US investors can still invest but won't get the 30–50% tax deduction, so they usually pass unless the deal is compelling on other terms.

How long does Advance Assurance take from HMRC?

Currently 2–4 weeks with a complete submission. Incomplete applications get bounced with a queue reset, so double-check the checklist (business plan, cap table, articles, use of funds) before filing.

What's the typical UK seed round size?

In 2026: £750k–£2M for seed, £2–5M for seed-plus, £5–15M for Series A. SEIS often funds the pre-seed £150k–£250k slice.

Startup Fundraising UK: Raise from British Angels, VCs &

How UK founders raise capital in 2026 — SEIS/EIS mechanics, top British VCs and angel networks, and the platform stack that runs the raise end-to-end.

Startup Fundraising in the UK

The UK is Europe's largest startup ecosystem, with SEIS/EIS creating one of the most founder-friendly tax structures for early-stage capital anywhere in the world.

SEIS and EIS in one paragraph

SEIS offers investors 50% income tax relief on up to £200,000/year invested in eligible startups (max £250,000 per company). EIS offers 30% income tax relief on up to £1M/year (£2M into knowledge-intensive companies), with per-company limits of £5M/year and £12M lifetime. Both schemes exempt gains from CGT if held ≥3 years. Advance Assurance from HMRC is the standard signal investors expect before wiring.

Active UK investors by stage

Pre-seed / SEIS: SFC Capital, Ascension, Haatch, Fuel Ventures, 7percent Ventures, Jenson Funding Partners.
Seed / EIS: LocalGlobe, Seedcamp, Episode 1, Passion Capital, Playfair, Connect Ventures, Ada Ventures.
Series A: Atomico, Balderton, Accel London, Index Ventures, Northzone, Hoxton Ventures.
Angel networks: Angel Investment Network, Cambridge Angels, Envestors, UK Business Angels Association.

How a UK raise actually runs

Get Advance Assurance from HMRC before outreach (2–4 weeks). Build a target list of 80–150 investors filtered by stage, sector, and SEIS/EIS registration. Warm intros through founders convert 3–5× better than cold. Data room, SEIS/EIS-compliant shareholders' agreement, and Companies House filings need to be ready before term sheet. Post-close, file SEIS1/EIS1 within 24 months so investors can claim relief.

Frequently asked questions

Can I raise SEIS and EIS in the same round?: Yes — most UK seed rounds combine SEIS (first £250k) and EIS (remainder). The share classes and terms are typically identical; only the tax treatment on the investor side differs.
Do US investors qualify for SEIS/EIS relief?: No — SEIS/EIS relief requires UK tax residency. US investors can still invest but won't get the 30–50% tax deduction, so they usually pass unless the deal is compelling on other terms.
How long does Advance Assurance take from HMRC?: Currently 2–4 weeks with a complete submission. Incomplete applications get bounced with a queue reset, so double-check the checklist (business plan, cap table, articles, use of funds) before filing.
What's the typical UK seed round size?: In 2026: £750k–£2M for seed, £2–5M for seed-plus, £5–15M for Series A. SEIS often funds the pre-seed £150k–£250k slice.