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ThinCats

Venture Capital

Alternative lender providing non-dilutive growth debt to established mid-market UK SMEs. Founded 2011, originated ~£335m capital (2024), £2bn+ total deployed to 350+ borrowers. Team: 28+ staff led by Amany Attia (CEO), Ravi Anand (MD). Institutional capital partners incl. Wafra, Citi, Barclays, Insight, CPPIB. Acquired by Shawbrook Group (Sept 2025); loan book ~£700m.

Check Size
£1M - £20M

Investment Focus

Investment Thesis

Debt/growth loans £1m–£15m (up to £20m post-2024) to profitable, established UK SMEs. Non-dilutive capital for growth, M&A, refinancing, working capital. Focus: sponsor-backed PE deals (~£150m+/yr), owner-managed, healthcare (£60m+/yr), professional services. Pragmatic underwriting via PRISM data model. Avoids startups, early-stage tech, unproven credit. No equity taken.

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