A £180m fund investing at seed and Series A across Europe. One partner per company, a decision in three weeks, and a straight no when it is a no.
We run a concentrated portfolio so that every company gets a partner who actually knows the business, sits on the board and answers on a Sunday when it matters.
We reserve heavily for follow-on. Roughly sixty percent of the fund is held back for the companies that work.
Eleven companies building the unglamorous layer everything else depends on.
Products with a real workflow underneath, not demos in search of a use case.
Hardware-adjacent businesses where the unit economics have finally turned.
Software and instrumentation for labs, clinics and the people who run them.
No warm introduction required. Every deck to the inbox is read by a partner within a week.
One with a partner, one with the whole team. We do not run founders through six rounds.
A yes with terms, or a no with the actual reason. Never a silence.
“They said no in nine days and told us exactly why. Two years later they led our Series A.”
Founder, portfolio company
No warm intro needed. Ten slides is plenty, and a working product beats all of them.