About Kelvin Capital
Kelvin Capital is a venture capital firm founded in 2009. It is primarily based out of Glasgow, United Kingdom. As of Mar 2025, Kelvin Capital has invested in 36 companies. It primarily invests in Seed round in United Kingdom based startups. Its investments are spread across a wide range of sectors from Life Sciences to High Tech and Enterprise Applications. Most recently it led the $213K Seed round of Ava Innes along with Scottish Enterprise.
Overall, Kelvin Capital portfolio has seen 1 IPO, namely Broadcom. A lot of funds co-invest with Kelvin Capital, with names like Scottish Enterprise sharing a substantial percentage of its portfolio.
Kelvin Capital has team of 11 people including 4 partners.
Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio IPOs
Deals in last 12 months
Kelvin Capital's List of Top Investments
Kelvin Capital has a portfolio of 36 companies. Their most notable investments are in Logan Energy and Sofant Technologies.Their portfolio spans across United Kingdom and United States. They have invested in Life Sciences, High Tech, Enterprise Applications and 19 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Kelvin Capital:1. Broadcom
Platform offering data center fiber optic networks. It offers network, server, and storage connectivity. Its product portfolio includes cable modems, semiconductors for PON, DSL, NICs, filters and amplifiers, ASIC, wireless connectivity solutions, embedded processors, HDD, SSD controllers, enterprise fiber channel connectivity, data center switches, and routers. It offering includes storage, cybersecurity, mainframe solutions, and more.
Key facts about Broadcom
- Founded Year: 1991
- Location: California (United States)
- Annual Revenue: $1.9B as on Oct 31, 2024
- Stage: Public
- Employee Count: 61 as on Sep 30, 2024
- Investors: Silver Lake, The Carlyle Group and 25 Others
- Latest Funding Round: Conventional Debt, Jul 08, 2019
- Highlight: Public
Snappy Shopper is an online marketplace for grocery products. It connects the buyers with local grocers on the platform. Users can select the preferred grocery store, browse the products and place the orders on the platform. The orders are sent directly to the partnered stores that fulfill the orders. Some of the offered product categories include groceries, soft drinks, snacks, baby care, household, pet food, etc. The app is available for Android and IOS.
Key facts about Snappy Shopper
- Founded Year: 2013
- Location: Dundee (United Kingdom)
- Stage: Series A
- Total Funding till date: $43.4M
- Employee Count: 88 as on Apr 30, 2021
- Investors: Mercia, Scottish Enterprise and 37 Others
- Latest Funding Round: Series A, Dec 13, 2022
- Highlight: Editors' Pick
3. Biotangents
Developer of veterinary diagnostics products. The company offers bovine viral diarrhea testing that detects defined sections of RNA unique to the BVD virus. The company's diagnostics products are based on Moduleic Sensing technology that uses a modular target-amplifier-reporter construct to build nucleic acid detectors.
Key facts about Biotangents
- Founded Year: 2015
- Location: Edinburgh (United Kingdom)
- Stage: Series A
- Total Funding till date: $5.62M
- Employee Count: 13 as on Dec 31, 2021
- Investors: Gov.uk, British Business Investments and 43 Others
- Latest Funding Round: Series A, Nov 28, 2024, $2.9M
- Highlight: Editors' Pick
4. Novosound
Provider of ultra-sound sensors for pipeline monitoring. It offers a range of probes which provides information regarding cracks and physical faults in the pipeline and can operate at a high temperature. It can also be used for NDT imaging, dental imaging, and medical imaging.
Key facts about Novosound
- Founded Year: 2018
- Location: Glasgow (United Kingdom)
- Stage: Series A
- Total Funding till date: $6.24M
- Employee Count: 35 as on Mar 31, 2023
- Investors: Scottish Enterprise, BioCity and 8 Others
- Latest Funding Round: Series A, Dec 16, 2019, $4.4M
- Highlight: Editors' Pick
5. Dyneval
Key facts about Dyneval
- Founded Year: 2020
- Location: Roslin (United Kingdom)
- Stage: Series A
- Total Funding till date: $3.03M
- Employee Count: 2 as on Apr 30, 2022
- Investors: Gov.uk, Scottish Enterprise and 6 Others
- Latest Funding Round: Series A, Jan 15, 2025, $610K
- Highlight: Editors' Pick
Kelvin Capital's Year-on-Year Investment Trends
Kelvin Capital has invested in 36 companies over the last 13 years, with an average of 2 new investments annually in the last 10 years. In 2024, it made 5 investments, while as of Mar 2025, it has made 1 investment in this year. Its most recent first time investment was in Aurora Avionics and most recent follow-on round was in Aurora Avionics.
Year | No. of Investments | ||
---|---|---|---|
1st Round | Follow-on | Total | |
2025 (YTD) | 0 | 1 | 1 |
2024 | 2 | 3 | 5 |
2023 | 0 | 2 | 2 |
2022 | 3 | 6 | 9 |
2021 | 1 | 3 | 4 |
2020 | 3 | 2 | 5 |
2019 | 1 | 4 | 5 |
2018 | 1 | 2 | 3 |
2017 | 2 | 1 | 3 |
2016 | 1 | 1 | 2 |
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Kelvin Capital's Investments by Stage
Kelvin Capital has made 22 investments in Seed stage with an average round size of $1.03M and 4 investments in Series A stage with an average round size of $2.13M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
---|---|
Seed | 22 |
Series A | 4 |
Kelvin Capital's Investments by Sector
Kelvin Capital has a diverse portfolio, with companies operating in the High Tech, Life Sciences, Sustainability Tech, Consumer and Energy Tech. Notably, it has invested in 23 Tech companies, 20 Enterprise (B2B) companies, 6 Tech hardware companies and at least 5 companies focusing on Consumer (B2C).
Note: We have considered here, only first round of investments
Sector | No. of Investments |
---|---|
High Tech | 6 |
Life Sciences | 5 |
Sustainability Tech | 4 |
Consumer | 3 |
Energy Tech | 3 |
Others | 27 |
Kelvin Capital's Investments by Geography
Kelvin Capital has made most investments in United Kingdom (25), followed by United States where it has made 1 investment.
Note: We have considered here, only first round of investments
Country | No. of Investments |
---|---|
United Kingdom | 25 |
United States | 1 |
Kelvin Capital's recent investments
Here are the most recent investments by Kelvin Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
---|---|---|---|---|---|
Mar 28, 2025 | United Kingdom | Seed | Undisclosed | Scottish Enterprise [+1] | |
Nov 28, 2024 | United Kingdom | Series A | $2.9M | Eos Advisory [+2] | |
Jul 31, 2024 | United Kingdom | Seed | $1.28M | Eos Advisory [+1] | |
Jun 06, 2024 | United Kingdom | Series A | $4.34M | EMV Capital [+1] | |
May 27, 2024 | United Kingdom | Seed | $645K | Gabriel [+2] |
IPOs and Publicly Listed companies in Kelvin Capital's Portfolio
Here are Kelvin Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
---|---|---|---|---|
Apr 17, 1998 | - | - | - |
Team profile of Kelvin Capital
Kelvin Capital has a team of 11 members including 4 Partners and 1 Principal located in United Kingdom and Scotland. Kelvin Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Kelvin Capital:
Name | Designation | Location | Board Memberships | Contact details |
---|---|---|---|---|
Partner | Glasgow | - | ||
Partner | Dundee | - | ||
Partner | Harrogate | - | ||
Partner | Edinburgh | - | ||
Principal | Glasgow | - | ||
Advisor | London | |||
Advisor | United Kingdom | - | ||
Advisor | Scotland | - | ||
Associate | United Kingdom | - | ||
Associate | Glasgow | - | ||
Analyst | Glasgow | - |
Co-investors of Kelvin Capital
Over the past 13 years, 133 investors have co-invested in Kelvin Capital's portfolio companies.
- Invested before Kelvin Capital: Gov.uk, Allen Strauss and 63 others have invested in rounds before Kelvin Capital. There are 1 company where Gov.uk has invested before Kelvin Capital and 1 company where Allen Strauss has invested before Kelvin Capital.
- Top Co-investors of Kelvin Capital: 19 investors entered a company along with Kelvin Capital. These include investors like Scottish Enterprise (18 companies).
- Invested after Kelvin Capital: A total of 49 investors have invested in Kelvin Capital's portfolio after their investments. Top Investors include Scottish Enterprise (3 companies), Eos Advisory (2 companies) and Gov.uk (2 companies).
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Recent News related to Kelvin Capital
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Scots SpaceTech Firm Secures Half a Million Pounds in New FundingDigit•Mar 28, 2025•Aurora Avionics, Kelvin Capital, Scottish Enterprise
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Edinburgh aerospace firm backed for expansionInsider•Mar 27, 2025•Aurora Avionics, Kelvin Capital, Scottish Enterprise
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Scottish Biotech Biotangents Secures £2.3m, Looks To Revolutionize Dairy FarmingGlobal AgInvesting•Dec 05, 2024•Scottish Enterprise, Kelvin Capital, British Business Investments, Eos Advisory and 2 others
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Biotangents Receives £2.3M Funding For Diagnostic DeviceDigit•Nov 28, 2024•Biotangents, Scottish Enterprise, Kelvin Capital, British Business Bank and 4 others
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Edinburgh Laser Tech Firm Secures Over £1M in New FundingDigit•Jul 31, 2024•Scottish Enterprise, Kelvin Capital, Eos Advisory, Chromacity and 1 other
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Satellite technology developer Sofant lands £3.4m of fundingHerald Scotland•Jun 06, 2024•Sofant Technologies, EMV Capital, Scottish Enterprise, Kelvin Capital
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Luxury Elgin bedding firm Ava Innes wins funding for global expansionPress and Journal•Feb 01, 2024•Ava Innes, Kelvin Capital, Scottish Enterprise
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Scots Audio Tech Firm Secures New Funding, Appoints New DirectorDigit•Nov 30, 2023•Kelvin Capital, Scottish Enterprise
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Kelvin Capital Appoints New Senior Advisory BoardDigit•Nov 13, 2023•Kelvin Capital, PwC, Nomura, Macquarie Group
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Dyneval funding aims to boost food productionDaily Business•Apr 28, 2023•Kelvin Capital, Scottish Enterprise, Gabriel Investments, Par Equity and 3 others