Founded 2007 in Cambridge; now Cambridge/London-based. £1bn+ AUM (£200m Fund IV + £200m Growth Fund II). 109 portfolio companies, 25-person team (9 partners, 6 GPs incl. Kerry Baldwin, Max Bautin, Simon Hirtzel, Ed Stacey). Notable: Thought Machine (banking unicorn), Nyobolt (batteries), Speechmatics (speech tech), Nu Quantum, Gravis Robotics. Deep tech network, 20yr+ partnership continuity, active investor (30+ new deals in 3 years).
Investment Focus
Investment Thesis
Seed to Series A in IP-rich deep tech with Cambridge/university spinout focus. Sectors: AI, quantum, semiconductors, advanced materials, robotics, fintech, synthetic biology, cleantech, space-tech. Check sizes £0.5m-£10m; follow-on to £30m+ via Growth Fund. 6-fund track record: 20+ exits to Apple, Google, Meta, Oracle; 1 unicorn (Thought Machine); PhD-rich team; avoids: consumer, low-IP-density sectors.
Interested in connecting?
Visit their website or reach out directly.