Between 5 July and the end of August, the amount invested in SEIS funds through Wealth Club was 2.9x higher than in the same period last year – at the same time, the number of investors trebled.

The SEIS is a government-backed scheme that gives experienced investors very generous tax reliefs when they invest in early-stage UK companies. An example of a successful SEIS-backed company is Cognism, a machine-learning driven marketing platform, which generated a 35.5x return for some of its early investors.