Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.*

• Most investments are shares in start-up businesses or bonds issued by them. Investors in these shares or bonds often lose 100% of the money they invested, as most start-up businesses fail.

• Checks on the businesses you are investing in, such as how well they are expected to perform, may not have been carried out by the platform you are investing through. You should do your own research before investing.

• Even if the business you invest in is successful, it will likely take several years to get your money back.

• The most likely way to get your money back is if the business is bought by another business or lists its shares on an exchange such as the London Stock Exchange. These events are not common.

• Start-up businesses very rarely pay you back through dividends. You should not expect to get your money back this way.

• InfraFund may work with companies to give you an opportunity to sell your investment early through a secondary sale, but there is no guarantee you will find a buyer at the price you are willing to sell.

• Putting all your money into a single business or type of investment for example, is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.

• If your investment is shares, the percentage of the business that you own will decrease if the business issues more shares. This could mean that the value of your investment reduces, depending on how much the business grows. Most start-up businesses issue multiple rounds of shares.

• These new shares could have additional rights that your shares don’t have, such as the right to receive a fixed dividend, which could further reduce your chances of getting a return on your investment.

• Protection from the Financial Services Compensation Scheme (FSCS), in relation to claims against failed regulated firms, does not cover poor investment performance.

• Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA-regulated platform, FOS may be able to consider it.

Investing in start-ups and early-stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. InfraFund is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via InfraFund once you are registered as sufficiently sophisticated. This page has been approved by InfraFund. Pitches for investment are not offers to the public and investments can only be made by members of InfraFund.net. If this page contains details of historical performance, investors should be aware that past performance is not a reliable indicator of future results. Further restrictions and InfraFund's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as InfraFund does not give investment or tax advice.