Native Teams: A 7.4x SEIS Success

Haatch, a prominent early-stage investor, has announced two significant exits within a five-week period, underscoring the potential of strategic investments in the UK's startup ecosystem.

Native Teams: A 7.4x Return on SEIS Investment

In March 2022, Haatch invested £150,000 through the Seed Enterprise Investment Scheme (SEIS) into Native Teams, a company specializing in global employment solutions. Just over three years later, the investment has yielded a £1.11 million return, representing a 7.4x multiple. This all-cash exit not only provides a substantial return for investors but also highlights the advantages of SEIS, including tax-free capital gains.

The journey of Native Teams was marked by strategic decisions and growth. Initially, the company faced challenges with a lack of focus and direction. However, under the leadership of CEO Jack, Native Teams refined its business model, attracted early M&A interest, and expanded its operations across over 55 countries, supporting remote workers and freelancers. This transformation culminated in a successful exit, validating Haatch's investment strategy and commitment to backing resilient founders.

Re-flow: A 6.55x Return on EIS Investment

Prior to the Native Teams exit, Haatch achieved another milestone with the sale of Re-flow, a field management software company. Investments made in 2020 and 2022 through Haatch's EIS Funds 4 and 8 delivered returns of 6.55x and 4.1x, respectively. Re-flow's growth from 1,500 users and £27K in monthly recurring revenue at the time of investment to over 30,000 users at the time of exit exemplifies the scalability potential of well-supported startups.

Strategic Implications for Investors

These recent exits underscore the importance of strategic investment in early-stage companies. Haatch's approach, focusing on identifying resilient founders and scalable business models, has proven effective in delivering substantial returns. For investors, these successes highlight the potential benefits of participating in SEIS and EIS schemes, which offer tax advantages and opportunities to support innovative startups.