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Kelvin Capital

Europe, Glasgow City, United Kingdom, Glasgow

Description

Kelvin Capital is a prominent Glasgow-based investment syndicate specializing in venture capital for high-growth, globally ambitious companies, primarily within Scotland. Established in 2009, the firm operates as a network of experienced investors who pool capital to back promising early-stage and growth-stage businesses. Their core mission is to identify companies with significant return potential for their investors, often focusing on those eligible for the UK's Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS), which offer tax incentives to investors.

The syndicate targets businesses that demonstrate a clear path to market leadership and a viable exit strategy, typically within a 3-5 year timeframe. While sector-agnostic to some extent, their portfolio reflects investments across various innovative industries. Kelvin Capital typically participates in funding rounds, often co-investing alongside other angel investors, venture capital funds, and institutional partners. This collaborative approach allows them to provide substantial capital while leveraging the expertise of a broader investor base.

Since its inception, Kelvin Capital has made a significant impact on the Scottish entrepreneurial ecosystem, having invested over £70 million (approximately $89 million USD) into more than 30 Scottish businesses. This substantial capital injection underscores their commitment to fostering local innovation and economic growth. Their investment range per round typically spans from £250,000 (approximately $317,500 USD) up to £2 million (approximately $2.54 million USD), indicating their capacity to support companies from their initial growth phases through to more mature expansion rounds. The syndicate's hands-on approach and focus on strategic exits are key components of their value proposition to portfolio companies.

Investor Profile

Kelvin Capital has backed more than 78 startups, with 4 new investments in the last 12 months alone. The firm has led 34 rounds, about 44% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in United Kingdom, United States.
  • Strong thematic focus on Biotechnology, Health Care, Manufacturing.
  • Typical check size: $317.5K – $2.5M.

Stage Focus

  • Seed (49%)
  • Series Unknown (44%)
  • Series A (5%)
  • Angel (1%)
  • Equity Crowdfunding (1%)

Country Focus

  • United Kingdom (96%)
  • United States (4%)

Industry Focus

  • Biotechnology
  • Health Care
  • Manufacturing
  • Telecommunications
  • Medical Device
  • Electronics
  • Satellite Communication
  • Wireless
  • Consulting
  • Energy
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Kelvin Capital frequently co-invest with?

Par Equity
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Co-Investments: 5
Lancaster Capital
Europe, Glasgow City, United Kingdom, Glasgow
Co-Investments: 8
EOS technologies
Oceania, New South Wales, Australia, Pennant Hills
Co-Investments: 3
EMV Capital
Europe, England, United Kingdom, London
Co-Investments: 5
Scottish Investment Bank
Europe, Glasgow City, United Kingdom, Glasgow
Co-Investments: 15
Foresight Group
Europe, England, United Kingdom, London
Co-Investments: 2
Old College Capital
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Co-Investments: 6
IW
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Co-Investments: 3
Scottish Enterprise
Europe, Glasgow City, United Kingdom, Glasgow
Co-Investments: 46
Ingenza
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Co-Investments: 5

Which angels does Kelvin Capital often collaborate with?

JK
Europe, England, United Kingdom, London
Shared Deals: 1
David Murray-Hundley
Europe, England, United Kingdom, London
Shared Deals: 1
JD
Europe, Dungannon, United Kingdom
Shared Deals: 1

What are some of recent deals done by Kelvin Capital?

Aurora Avionics

Edinburgh, Edinburgh, City of, United Kingdom

Aurora Avionics is an aerospace robotics and controls company that offers modular, ITAR-free avionics for the launcher industry.

AerospaceRobotics
SeedMar 27, 2025
Amount Raised: $647,565
Biotangents

Penicuik, Midlothian, United Kingdom

Biotangents develop pen-side diagnostic devices to detect infectious diseases in livestock quickly.

BiotechnologyChemicalMedical DeviceVeterinary
Series UnknownNov 28, 2024
Amount Raised: $2,920,023
novosound

Newhouse, North Lanarkshire, United Kingdom

Novosound design and end-to-end manufacturing capabilities enables the development of highly customizable and scalable ultrasound solutions

Electrical DistributionElectronicsManufacturing
Series UnknownOct 28, 2024
Amount Raised: $2,594,926
Chromacity

Edinburgh, Edinburgh, City of, United Kingdom

Chromacity Lasers is a spin-out from Heriot-Watt University, one of the UK’s leading technical universities with a focus on photonics.

Information TechnologySemiconductor
SeedJul 31, 2024
Amount Raised: $1,284,406
Sofant Technologies

Edinburgh, Edinburgh, City of, United Kingdom

Sofant Technologies offers Smart Antenna and tunable RF solutions for next generation mobile and wearable devices.

Satellite CommunicationTelecommunicationsWireless
Series UnknownJun 5, 2024
Amount Raised: $4,344,382
Ingenious Audio

Edinburgh, Edinburgh, City of, United Kingdom

Ingenious Audio is a Scottish start up designing and manufacturing audio electronics.

AudioElectronicsManufacturing
Series UnknownNov 29, 2023
novosound

Newhouse, North Lanarkshire, United Kingdom

Novosound design and end-to-end manufacturing capabilities enables the development of highly customizable and scalable ultrasound solutions

Electrical DistributionElectronicsManufacturing
Series UnknownDec 21, 2022
Amount Raised: $4,468,259
Snappy Shopper

Dundee, Dundee City, United Kingdom

Snappy Shopper delivers food, drink and household goods from your local store directly to your door from as little as 30 minutes.

E-CommerceGroceryRetailShopping
Series UnknownDec 13, 2022
Sofant Technologies

Edinburgh, Edinburgh, City of, United Kingdom

Sofant Technologies offers Smart Antenna and tunable RF solutions for next generation mobile and wearable devices.

Satellite CommunicationTelecommunicationsWireless
Series UnknownNov 29, 2022
Amount Raised: $5,017,334
Biotangents

Penicuik, Midlothian, United Kingdom

Biotangents develop pen-side diagnostic devices to detect infectious diseases in livestock quickly.

BiotechnologyChemicalMedical DeviceVeterinary
Series UnknownMay 18, 2022
Amount Raised: $740,660