Portfolio

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Our Portfolio

We nurture exceptional businesses

We’ve been growing our portfolio since 2011 and connecting investors with exciting EIS businesses across AI, gaming, healthtech, life sciences, cybersecurity and more. Take a look for yourself…

BankiFi

verified Founded:  2017
fmd_good Headquarters:  Manchester
business Sector:  Fintech

About BankiFi

BankiFi is a fintech company that aims to alleviate the common headaches SMEs face when operating a business. Its platform, which is sold to banks to help them better service SMEs, rolls invoicing, payments, collections, accounting and tax into one.


Why we backed BankiFi

BankiFi’s founder, Mark Hartley, is well known in fintech. Before BankiFi, he helped scale and exit Clear2Pay for €375m. Mark is also highly experienced in selling to banks and has an incredible network to help scale BankiFi, including FIS and Visa.

BlueSkeye AI

verified Founded:  2019
fmd_good Headquarters:  Nottingham
business Sector:  AI

About BlueSkeye AI

BlueSkeye AI is leading advancements in the digital health and wellbeing space through artificial intelligence and machine learning. Through its expertise, the company is making it easier to detect and diagnose mental health conditions and enhance people’s wellbeing.


Why we backed BlueSkeye AI

Founder Michel Valstar spent 15 years developing his award-winning company. A world-leader in his field, he has also been published in over 100 journals. In addition, the scope of BlueSkeye AI’s tech is far-reaching, with use cases across the health and automotive sectors, where legislative focus around driver and passenger safety is increasing.

Coadjute

verified Founded:  2018
fmd_good Headquarters:  London
business Sector:  Business Development Tech

About Coadjute

Coadjute connects all parties within a property transaction via its innovative blockchain network, making the process of transacting a property faster and more efficient. Capitalising on the growing demand for proptech, Coadjute’s real-time property updates reduce the need for parties within a transaction to chase stakeholders.


Why we backed Coadjute

Coadjute’s solution holds plenty of potential for a property market that’s quickly adapting. Rather than disrupting the market, Coadjute works with existing tech, making adoption easier. As well as being impressed by the tech, Coadjute’s management team and vision also played a key role in our decision to invest.

Culture Shift

verified Founded:  2018
fmd_good Headquarters:  Manchester
business Sector:  HR Tech

About Culture Shift

Culture Shift is a groundbreaking platform that is working to end bullying and harassment in the workplace and in the classroom. Through anonymous, real-time reporting, Culture Shift is helping more people feel safer at work and during study.


Why we backed Culture Shift

Culture Shift has endless potential as a force for good. As well as securing contracts with universities around the country, the business continues to generate new pipeline leads via the health and public sectors, increasing its ARR significantly.

Cyclr

verified Founded:  2013
fmd_good Headquarters:  London 
business Sector: 

About Cyclr

Cyclr specialises in embedding integrations (iPaaS) into the SaaS companies it supports, enabling SaaS companies to connect customer data with third-party tools and software. By handling and maintaining integrations, Cyclr’s essential work takes the burden off a company’s developers, so they can focus on revenue driving activities instead.


Why we backed Cyclr

SaaS businesses depend on integrations, which makes Cyclr’s revenue very sticky. In addition, the iPaaS sector is now booming, with Cyclr boasting a strong addressable market. As well as having a very backable management team, our decision to invest was driven by the fact Cyclr is accelerating in all areas, with a pipeline and commercial strategy that we believe will see its growth continue.


                                                            

Dr Fertility

verified Founded:  2018
fmd_good Headquarters:  Manchester
business Sector:  Health

About Dr Fertility

Dr Fertility is a Care Quality Commission-approved digital healthcare platform covering all forms of pre-IVF fertility care, including fertility products, education, consultations, counselling, testing, referrals and prescriptions.


Why we backed Dr Fertility

Digital primary care is becoming the new norm. With post-Covid waiting lists expected to hit 10m people and digital healthcare solutions increasing, Dr Fertility’s future aim is to be the NHS’s first port of call for outsourced fertility support.

Enthuse

verified Founded:  2009
fmd_good Headquarters:  London
business Sector:  Charity Tech

About Enthuse

Enthuse is the UK’s second-largest charity fundraising platform behind JustGiving, raising over £100m for charity. Enthuse encourages repeat donations by inspiring direct relationships between supporters and each charity – not the donation brand.


Why we backed Enthuse

Enthuse has rapidly grown to become the no.2 player in the charitable donations space, presenting an opportunity to win even more market share in the UK and grow overseas. All of this combined makes Enthuse an attractive acquisition target.

Feedstock

verified Founded:  2015
fmd_good Headquarters:  London
business Sector:  Business Development Tech

About Feedstock

Feedstock’s highly intuitive Client Relationship Analytics system (CRA) rivals manual CRM tools by going deeper to help businesses monitor and sustain valuable client relationships. With CRA, businesses have better access to crucial insights.


Why we backed Feedstock

Global financial firms and brands in diverse sectors are utilising Feedstock’s intelligent services. An experienced board is also helping Feedstock unlock new opportunities in an area of digital where the demand for in-depth data is only growing.

Fluid.work

verified Founded:  2015
fmd_good Headquarters:  London 
business Sector:  SaaS

About Fluid.work

Fluid.work’s all-in-one business management tool addresses the disconnect between teams and processes that use multiple work management programs by bringing everything together in one solution. Combining visual dashboards with intuitive integration, Fluid.work’s mission is to tackle unproductive meetings, unclear communications and automate time consuming tasks, freeing up more time for teams that use Fluid.work.


Why we backed Fluid.work

As well as being impressed by Fluid.work’s management team, we felt the company has developed a mature product in a market that’s well-established and growing. The company has won significant global clients, such as Herbalife, Investec, Santander and Walmart. A human-supported SaaS approach also sets Fluid.work apart from its competitors, with significant resource dedicated to account management and onboarding.

Futr

verified Founded:  2015
fmd_good Headquarters:  London
business Sector:  AI

About Futr

Futr’s mission is to deliver superpowers to critical service teams. From intelligent self-serve chatbots to making live chat agents instantly multilingual in over 100 languages, Futr is transforming the way organisations serve their audiences.


Why we backed Futr

Futr’s leading natural language platform is gaining traction in social housing, retail, university, government, charity and the police, where it’s speeding up response times. Futr is also helping suicide charity CALM save lives with 24/7 support.

Illuma

verified Founded:  2008
fmd_good Headquarters:  London
business Sector:  AdTech

About Illuma

Illuma has created a highly innovative contextual advertising platform that enables advertisers to target specific audiences without the use of cookies, enabling the world’s biggest brands to maximise their ROI and make better ad placement decisions in real-time.


Why we backed Illuma

Trusted by global brands such as Sky, VW and Coca-Cola, Illuma’s technology enables advertisers to consider sophisticated details like article sentiment and reader mindset before placing ads. This is an industry first that is hugely valuable amid plans to phase out cookies.

Inotec

verified Founded:  2004
fmd_good Headquarters:  Cambridge
business Sector:  Health

About Inotec

Inotec has created an award-winning medical treatment called NATROX® Oxygen Wound Therapy, which uses a small wearable device to heal complex wounds. Early success has also led the Cambridge company to open its first NATROX® clinic in Kuala Lumpur.


Why we backed Inotec

Inotec’s best-in-class device is backed by founders who have exited medtech businesses. Despite COVID, NATROX® is growing in South America and Asia, with significant success due in the US from Wound Care Clinics, Veteran Affairs and clinician sales.

LCC

verified Founded:  2012
fmd_good Headquarters:  Liverpool
business Sector:  BioTech

About LCC

LCC is a leading chemical technology company that manufacturers chemical building blocks called chiral components. Pharmaceutical companies use chiral components to create new compounds, which are needed to test and develop new drugs.


Why we backed LCC

LCC’s unique process routes and IP mean the company can create compounds that others cannot. LCC’s work also speeds up the drug development process, which can save pharmaceutical companies valuable time while making processes more efficient.

Maxwellia

verified Founded:  2013
fmd_good Headquarters:  Cheshire
business Sector:  Pharmaceuticals

About Maxwellia

Maxwellia is changing the face of medicine by switching prescription drugs to over the counter consumer products. Led by pharmacist Anna Maxwell, Maxwellia has recruited bright experts from GSK, Boots, J&J and Boehringer Ingelheim.


Why we backed Maxwellia

Maxwellia’s impressive work helps GPs and pharmacies by empowering people to manage their everyday health. The team’s glowing track record now includes the launch of Lovima®, one of the first over the counter versions of the contraceptive pill.

Modern Milkman

verified Founded:  2018
fmd_good Headquarters:  Manchester
business Sector: 

About Modern Milkman

Modern Milkman is reimagining the milk round by connecting consumers with sustainable produce, including locally sourced dairy and fresh fruit and veg. Prioritising plastic-free packaging and reusable glass to reduce waste, Modern Milkman’s eco-friendly focus has also stopped over 50 million plastic bottles from entering the environment.


Why we backed Modern Milkman

Founded in 2018 by Simon Mellin, Modern Milkman has demonstrated headline-grabbing growth, earning it the title of 2022’s fastest-growing Northern tech company. Modern Milkman also utilises Peak AI’s Decision Intelligence platform to map out milk routes and assess demand, putting it at the cutting-edge of the grocery sector and aiding its expansion across the UK and Europe.

Orka

verified Founded:  2014
fmd_good Headquarters:  Manchester 
business Sector:  WorkerTech

About Orka

Orka Technology Group is a frontrunner in the facilities management recruitment space, providing WorkerTech SaaS solutions to support employers and temporary staff. Orka Works (Orka’s shift work platform) connects workers with opportunities while Orka Pay enables employees to access 50% of their pay immediately after their shift. Orka’s third product, Orka Check, works as a digital passport, enabling employers to validate qualifications and employee suitability.


Why we backed Orka

Orka is a market leader with an enviable list of clients, including half of the UK’s top 30 security companies (G4S, ISS and Wilson James, etc.). Its services are used by more than 60,000 people in total, with Orka helping to source work for 6,000 staff across more than 2,000 sites nationwide in an average month. Orka has so far displayed great momentum in a space that is only likely to grow as staff demand greater flexibility.

Patchwork

verified Founded:  2016
fmd_good Headquarters:  London
business Sector:  HR Tech

About Patchwork

Patchwork was founded to help ease the staffing crisis faced by the NHS and health sector. Working with 60 UK-wide NHS partners, Patchwork is bringing flexibility to staff and employers through its intuitive end-to-end workforce management offering.


Why we backed Patchwork

Patchwork is growing quickly and has a real opportunity to displace existing solutions across the entire NHS rostering space. The company’s founders, who are ex-doctors, are also closer to the problem they’re trying to solve than many others.

Peak

verified Founded:  2014
fmd_good Headquarters:  Manchester
business Sector:  AI

About Peak

Peak specialises in Decision Intelligence, which is the commercial application of AI to grow profit and revenue. Peak’s approach combines complex data points with tailored AI to help brands like AO.com and PrettyLittleThing make better decisions.


Why we backed Peak

Peak has an incredible client base that stretches across multiple diverse industries. This includes FMCG giants like Pepsico and international retailers like Nike and ASOS, all of which are contributing to Peak’s world-class SaaS metrics.

Percayso

verified Founded:  2018
fmd_good Headquarters:  Nottingham
business Sector: 

About Percayso

Percayso is a data enrichment business which services the general insurance sector. Percayso’s next generation insurance intelligence adds further value to powerful datasets to prevent fraud, help insurers compete on price comparison sites and reduce risk levels.


Why we backed Percayso

Percayso’s founder, Simon James, has already achieved great success in this space, having scaled and sold a similar company for £82m. Simon, who is well-known in the insurance space, still believes there is a major opportunity in the insurance data market, and has established Percayso to act as a competitor to his former business.

PixelMax

verified Founded:  2018
fmd_good Headquarters:  Manchester
business Sector:  3D Virtual Communications

About PixelMax

PixelMax turns digital events and work environments into virtual interactive spaces that audiences can browse and explore. Using its technology and 3D expertise, PixelMax is helping businesses to adapt to post-pandemic events and hybrid working.


Why we backed PixelMax

PixelMax has one of the largest market opportunities we have seen. Its work with UEFA and Alder Hey Children’s Hospital is also a testament to the scope of clients PixelMax can serve, with sector demand ranging from pharma to manufacturing.

Placed

verified Founded:  2015
fmd_good Headquarters:  London
business Sector:  Recruitment SaaS

About Placed

Placed is a mobile-first and SaaS-based recruitment platform that connects employers with millennial and Gen Z talent. Instead of CVs, Placed matches candidates using questionnaires to assess job suitability. The platform also enables employers to post engaging content.


Why we backed Placed

Placed differentiates from the competition by enabling brands to interact, market and communicate with candidates within the platform. As brands are charged for access to the platform, there is a clear recurring revenue model. In addition, Placed already counts a number of major brands as clients, including E.On and Burger King.

RapidSpike

verified Founded:  2011
fmd_good Headquarters:  Leeds
business Sector:  Cyber Security

About RapidSpike

RapidSpike’s award-winning website performance and security service interacts with sites via a consumer interface to better the digital experience. The company also alerts sites to cyber risks, user data theft and performance or reliability issues.


Why we backed RapidSpike

RapidSpike’s clients include major names like William Hill, Matalan, Whittard of Chelsea and The Hut Group. RapidSpike is also the only solution of its kind focusing on performance, reliability and security, setting it apart in several growing and competitive digital sectors.

Reacta

verified Founded:  2013
fmd_good Headquarters:  Deeside
business Sector:  BioTech

About Reacta

Reacta is modernising the process of testing for food allergies with what is believed to be the world’s first regulated and controlled oral food challenge. The result is a more effective and potentially safer test for undiagnosed individuals.


Why we backed Reacta

The allergen market is global and growing, with clinical trials underway and new treatments incoming. Through its vital MHRA-approved work, Reacta has attracted a major pharmaceuticals contract and further opportunities are expected.

Sorted

verified Founded:  2013
fmd_good Headquarters:  Manchester
business Sector:  Retail SaaS

About Sorted

Sorted is a Manchester-based SaaS company that specialises in retail delivery and shipping management. Sorted’s platform exists to help retailers compete with giants like Amazon through better customer service, personalised delivery options and more.


Why we backed Sorted

What attracted us to Sorted initially was the sheer size of its market opportunity. More retailers are realising that their delivery services need to be watertight to compete. For Sorted, this has led to major client wins, including Boohoo and M&S.

Sparkbox

verified Founded:  2018
fmd_good Headquarters:  Manchester
business Sector:  Retail Tech

About Sparkbox

Sparkbox uses AI and in-depth data to help big brand merchandising teams make better stock buying and pricing decisions. Trusted by major retailers such as River Island and Matchesfashion.com, their solution dramatically reduces waste and the need to heavily discount inventory.


Why we backed Sparkbox

With 50 years’ worth of global retail experience between them, Sparkbox’s founders are well poised to modernise the stock and inventory world. Two of the founders, Lindsay and Matthew, are Forbes 30 under 30 inductees. Their co-founder Kevin was previously Vice President of Customer Insights at Best Buy and a retail analytics partner at Accenture.

SteamaCo

verified Founded:  2012
fmd_good Headquarters:  Manchester
business Sector:  Energy Tech

About SteamaCo

SteamaCo is helping to transform the energy industry in Southeast Asia and Africa, where it provides advanced Internet of Things (IoT) technology to service both the on-grid and solar off-grid utility markets.


Why we backed SteamaCo

COVID has meant setbacks for SteamaCo. But with a new focus on Nigeria’s grid sector, where theft costs utility companies $1.6bn a year, there is an opportunity for SteamaCo’s renewable energy expertise, particularly after the UN’s Climate report.

Transreport

verified Founded:  2016
fmd_good Headquarters:  London
business Sector:  Transport Tech

About Transreport

TransReport is a SaaS company that helps transport providers monitor, facilitate and act on passenger feedback more efficiently. The company covers all areas of transport, including the rail sector, where it has several long-term contracts.


Why we backed Transreport

TransReport’s early success has led to a contract from National Rail to roll out its Passenger Assistance app, which serves disabled passengers. This news, and the company’s scope to take on Europe and other travel sectors, is very exciting.

WatchMyCompetitor

verified Founded:  2018
fmd_good Headquarters:  London
business Sector:  Marketing Tech

About WatchMyCompetitor

WatchMyCompetitor (WMC) uses cutting-edge artificial intelligence to monitor competitors, clients, regulators and key partners, making the process of scraping and obtaining crucial data simple and intuitive. This enables marketing, product and sales teams to respond to real-time developments.


Why we backed WatchMyCompetitor

WMC was born out of a real-life business need and is already attracting global customers in multiple sectors, all of which often have to be across multiple channels at once. WMC’s platform delivers what every management team needs to make the best decisions – the right information in real time.

wi-Q

verified Founded:  2014
fmd_good Headquarters:  Manchester
business Sector:  Digital Payments

About wi-Q

wi-Q is a SaaS business that specialises in innovative mobile ordering and payment solutions, which give customers the ability to order food, drinks and other services from their mobile, quickly and easily. These solutions are used by a broad range of hospitality clients, including the world’s top hotel chains. wi-Q also works with home delivery brands and fast casual dining restaurants.


Why we backed wi-Q

In addition to wi-Q’s work with a number of major hospitality brands, we were impressed by the company’s backable CEO and senior leadership team as well as its expansion plans, which include growth in the US and Asia-Pacific regions. Mobile ordering technology, including that offered by wi-Q has also become the norm post-covid, with the sector expected to surpass £159bn in the next several years.

XR Games

verified Founded:  2017
fmd_good Headquarters:  Leeds
business Sector:  Games Development

About XR Games

XR Games is vying to become the leading games developer in the AR/VR gaming space. XR’s titles, including The Angry Birds Movie 2 VR: Under Pressure and Zombieland: Headshot Fever, have garnered critical acclaim and praise from giants like Sony.


Why we backed XR Games

XR Games has earned a reputation for developing blockbuster games, with a client list that includes Sony, Rovio, Dreamworks, BBC and Lego. XR’s team also boasts big-game experience from major studios like Rockstar, EA, Codemasters and Sumo.

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