The Fund is described as “the first of its kind for the industry.” SyndicateRoom states that 70% of the Fund investors are new to the SyndicateRoom platform. Multiple investors committed £200,000 showing solid confidence in the Fund’s approach. Fund Twenty8 will be harnessing technology to make investment decisions, rather than relying on a single fund manager. The name was derived from research that shows an EIS portfolio should contain at least 28 investments in order to have a 95% chance of securing at least one 10x investment. The fund aims to generate 20% IRR per annum. Investment opportunities are sourced from successful raises on the platform, which are backed by other lead investors. The Fund then tracks the appetite of investors, all of whom are sophisticated or high-net-worth investors, and automatically tracks and invests alongside them.

https://www.crowdfundinsider.com/2017/04/98410-syndicaterooms-fund-twenty8-raises-4-5-million/