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Puma Alpha EIS

Aiming to deliver compelling returns through investing in scale-up companies, while delivering tax reliefs associated with EIS investing.

Tax-efficient investment empowering innovative UK scale-ups

Puma Alpha EIS targets proven UK scale‑ups, aiming to deliver strong returns alongside the full suite of EIS tax reliefs. Launched in 2017, it focuses on established, high‑growth companies that have moved beyond the start‑up stage but still offer significant potential for expansion and meaningful exits.
Our approach combines disciplined selection, hands‑on support and the ability to co‑invest across Puma funds to help companies grow and create value for investors and the wider UK economy. To date, our EIS funds have raised £89 million and achieved 38 full exits.
Read the Investment OverviewMore resources

Six reasons to invest

Reason to recommend 1

Scale-ups

not start-ups

 

Puma Alpha EIS focuses on businesses that have already proved themselves in their market. By investing in scale‑up, high‑growth companies with established teams and revenue, there is stronger potential for meaningful returns
Reason to recommend 2

Experienced

SME investor

 

Our team has been investing in SMEs since 2005 and has a strong track record of supporting growing businesses. Puma EIS and Puma Alpha EIS, alongside the Puma VCTs, have invested over £320 million into qualifying SMEs
Reason to recommend 3

Diversified

portfolio

 

As a generalist investor, we seek to build a diversified portfolio with exposure to different sectors, customers and operating models. This supports long‑term growth while helping reduce the risk of losses from sector‑specific challenges
Reason to recommend 4

Active approach for

transformational growth

 

The Investment Manager works closely with each company to support its growth plans, providing hands‑on guidance and meaningful mentorship throughout the investment period
Reason to recommend 5

Rigorous processes and

independent oversight

 

The Investment Committee is made up of staff from the Investment Manager and independent experts, and together they oversee all transactions

Reason to recommend 6

Established

EIS service

 

Puma EIS was launched in 2014 and Puma Alpha EIS was launched in 2017. Combined they have invested in 27 companies and had £38 million of exits

Read the Investment Overview
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What are the tax benefits of Puma Alpha EIS?

Tax reliefs are not guaranteed, depend on individuals’ personal circumstances, a three-year minimum holding period, and may be subject to change.

Income tax

relief

 

Claim up to 30% income tax relief on the amount invested, up to £1 million a year or £2 million for Knowledge Intensive Companies

Capital Gains Tax

exemption

 

No Capital Gains Tax due on profits from any EIS shares that have been held for at least three years

Capital Gains Tax

deferral

 

Defer Capital Gains Tax by reinvesting gains into EIS‑qualifying shares

Loss

relief

 

Offset any losses against income tax or Capital Gains Tax, helping reduce the overall downside risk of investing in early‑stage companies

Inheritance tax

exemption

 

EIS shares can qualify for 100% inheritance tax relief through business relief once held for two years and still held at death
Find out more about EIS

Company and bi-annual updates

Stay informed about the latest developments across the Puma Alpha EIS portfolio. We create regular updates that highlight the progress of each company and share key insights.

Read now

FAQs

Find out more

Please contact your Financial Adviser to discuss our investment solutions in more detail.

Alternatively, our team of over 20 Client Relations and Operations specialists can provide practical guidance and seamless service at every stage of your investment journey.

Contact our team today

Risk factors

You can only invest in Puma Alpha EIS through a Financial Adviser who has assessed that an investment is suitable for you. An investment in Puma Alpha EIS carries risk and you should read in full the Puma Alpha EIS Investment Overview. Below are the key risks:

 

General: Past performance is no indication of future results and share prices and their values can go down as well as up. The forecasts in this document are not a reliable guide to future performance.

 

Liquidity: It is unlikely there will be a liquid market in the shares of the EIS-qualifying companies, and it may prove difficult for investors to realise their investment immediately or in full.

 

Capital at risk: An investment in Puma Alpha EIS can be viewed as high risk. Investors' capital may be at risk and investors may get back less than their original investment.

 

Tax reliefs: Tax reliefs are not guaranteed, depend on individuals’ personal circumstances and have a three-year minimum holding period, and may be subject to change. 

 

Private companies: Puma EIS may invest in unlisted shares. Such investments can be more risky than investments in listed shares. Unlisted shares may be subject to transfer restrictions and may be difficult to sell. It may be difficult to obtain information as to how much an investment is worth or how risky it is at any given time.

 

Figures on this page are taken from Puma Investments and are correct as of 15 April 2026 unless stated otherwise.