Institutional funds
We believe the most scalable companies will solve the world's biggest challenges
Ascension Fund III
Fund size | £20m
Fund vintage | 2024
Impact Fund II (Fair By Design)
Fund size | £16m
Fund vintage | 2018
A selection of our institutional fund companies
Founders we’ve backed across energy, fintech and health — building category winners that improve people’s lives.
Downstream and co-investors, including some of the world’s top funds
Among the UK’s most active pre-seed investors
Ten years embedded in the venture ecosystem has built a founder and investors network that drives our investment flywheel — and an AI-powered sourcing engine gives us full market coverage, so a focused team can see more of the market and back the few with real conviction.
300 founders in our portfolio send us the exceptional peers they meet — a proprietary deal source no one else can replicate.
Proprietary flow from LPs, venture partners and 300+ portfolio founders — amplified by an AI scraper scanning 11,000+ companies a year.
A proprietary AI scoring model and psychometric founder benchmarking sharpen conviction before we commit.
Hands-on backing from the earliest stage, where partnership matters most.
Reserved follow-on into clear breakouts — more shots on goal across a diversified portfolio.
Including 6 exits ≥ 5× and 3 ≥ 9×
Outcomes of 6× and beyond
Independently ranked among the UK’s leading early-stage investors
Backed by
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We're always looking for aligned LPs who share our vision.