How many investments has Adjuvo made?

Adjuvo has 29 tracked investments, including 3 dated in the last 24 months.

What stage does Adjuvo invest at?

Adjuvo invests at the Pre-Seed, Seed, Series A stages.

Where is Adjuvo located?

Adjuvo is headquartered in London, GB.

Does Adjuvo lead rounds?

Yes, Adjuvo leads investment rounds.

Who does Adjuvo co-invest with?

Adjuvo most often shares deals with Cambridge Angels group, Conduit Connect, EMV Capital, among 30 tracked co-investors.

Adjuvo

Angel network

London · Pre-Seed–Series A · 19 people tracked

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Find your way into Adjuvo

505 people in our graph share verified history with the Adjuvo team — schools, employers, funds. One of them is your warm intro.

Muneeza Killenunlockedknows Louis Lundy · together at Goodman Masson (overlapped)

knows the team · via Adjuvo

×7knows the team · via Seedrs

knows the team · via Funding Circle

×2knows the team · via Funding Circle UK

✨ Fox Verdict

Investment thesis

Adjuvo is a members' investment network that backs early-stage, high-growth British companies. Drawing on the combined expertise of more than 200 members, it seeks out brands with outstanding founders, contemporary relevance and the ability to scale in sizeable markets. Its model rests on excellence in invested companies and founders, the expertise of its members and partners, and execution of a 'constructive capitalism' strategy centred on the idea of 'I help.' Members invest directly in syndicated deals, and the network facilitates fundraises, introduces third-party capital, and provides ongoing portfolio support. Investments are typically structured to be eligible under the UK Enterprise Investment Scheme (EIS).

Invests inCleantech Consumer EdTech Enterprise Software Fintech FoodTech Healthtech Medical Devices Mobility & Transportation New Materials PropTech Retail Tech RoboticsSector AgnosticLondon North America United Kingdom United States

Source: firm website, verified Sep 26, 2026.

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Stage

Pre-Seed–Series A

London, GB

Leads rounds

Leads

Instruments

Equity

Founded

2015

Tracked investments

Team · 19 people

from the firm's website

Andrew· Co-Founder & Director· Ballwin, Missouri, United States

Co-founding Partner of Adjuvo with a twenty-year track record in executive search across financial services. He co-founded Rice & Dore Associates in 1997 and holds a BA in Business Studies from Sheffield Hallam University.

Andrew Rice· Co-Founder & Director

Co-founding partner of Adjuvo with 20 years in executive search across financial services. He co-founded Rice & Dore Associates in 1997.

Mark Foster-Brown· Chief Executive Officer, Co-Founder & Director· London Area, United Kingdomin

CEO and co-founding partner of Adjuvo with a 38-year track record in financial markets. He began his career in 1986 at County NatWest Securities and held senior roles at James Capel, Morgan Grenfell/Deutsche Bank and Altima Partners.

Ross Reason· Chairman & Founding Shareholder· London, England, United Kingdomin

Founding shareholder and chairman of Adjuvo, a chartered accountant with prior roles including Chairman of Cambridge University Investment Management and senior positions at several banks.

Louis Lundy· Managing Director· Greater London, England, United Kingdomin

Manages relationships within the Adjuvo syndicate, introducing investment opportunities to members and overseeing portfolio interactions. He joined Adjuvo in 2015.

Philip Donald· Investment Opportunities· London Area, United Kingdomin

Oversees all new investment opportunities at Adjuvo, managing deal flow, evaluation, origination and due diligence. He had a 30-year career as a Managing Director at Bank of America Merrill Lynch.

Rupert Runewitsch· Director· Los Angeles Metropolitan Areain

Leads investor relations and portfolio operations, identifying growth opportunities. He previously ran an innovation lab for Publicis Groupe in Silicon Valley and was head of growth for Gary Vaynerchuk.

Ollie Middleditch· Portfolio· London, England, United Kingdomin

Responsible for portfolio management, reporting and shareholder communications. He joined as an Associate Director in December 2021, previously at Seedrs and Funding Circle.

Andrew Dyson· Board Director

Board director; formerly Chairman and CEO of PGIM Quant Solutions and an EVP at Affiliated Managers Group, with prior senior distribution roles at BlackRock.

Andrew Xeni· CEO, Fabacusin

CEO of Adjuvo portfolio company Fabacus.

Charlotte Lane· Investment Opportunities· London, England, United Kingdomin

Manages the syndicate's deal flow, evaluating investment opportunities and conducting due diligence. She joined Adjuvo in February 2021 as an Analyst, previously at J.P. Morgan.

Francesca Willis· Communications

Joined Adjuvo in August 2022 as an Associate, responsible for community building, network activations and membership engagement through communications and events.

Henry Goode· Chief Operating Officer· London, England, United Kingdomin

Director and Company Secretary responsible for the end-to-end investment process and the relationship with Adjuvo's custodian, Thompson Taraz.

James Badcock· Chief Financial Officer

CFO of Adjuvo since September 2022, a chartered accountant with prior CFO and partner roles at Baring Private Equity Partners and Altima Partners.

Jonah Leslau· Membership

Responsible for driving new business and cultivating relationships with investors, supporting interactions between portfolio companies and syndicate members. Formerly a network member, he joined the team in June 2026.

Jonathan Powell· CEO· Cambridge, England, United Kingdomin

Listed as CEO in connection with the NoBACZ investment case study.

Lily-Rose Hill· Office Manager· London, England, United Kingdomin

Joined Adjuvo in September 2024 as Office Manager, handling diary management and office operations. She previously worked at advertising agency VCCP.

Sean Cam· Operations and Finance· United Kingdomin

Joined Adjuvo in November 2022 as an Associate, supporting the investment process, compliance and due diligence. He previously worked at Kneip and insurtech startup Symfos.

Tania Hollingworth· Communications

A communications consultant supporting the Adjuvo management team on community building and membership engagement, with a background in marketing and PR at British retailers.

What they invest in

from 17 of 29 portfolio companies

SaaS ×9Cleantech ×5Healthtech ×3HR Tech ×3AgTech ×2AI & Machine Learning ×2Consumer ×2Enterprise Software ×2

HQs:United Kingdom×9United States×2

Who they back

founder profiles across 11 portfolio companies

73%

solo founders

8 of 11 mapped founding teams

20%

repeat founders

of 10 founders with career history

Founding team size:solo founder×82 founders×3

Where their founders studiedfrom 10 founders with education data

INSEAD ×2University of Cambridge ×2

Investments · 29 tracked

founders shown can be your intro path

By year:2025 · 2 2024 · 3 2023 · 3 2021 · 19 dated

Boardformsboardforms.com in

BoardForms provides a self-administered board evaluation tool for company secretaries and administrators who coordinate annual board evaluations.

Enterprise SoftwareGovTechSaaS

George Panton(Founder)in

CCm Technologiesccmtechnologies.co.uk in 𝕏Sep 2024

CCm Technologies commercializes patented technology to convert captured carbon dioxide and waste streams into stable value-added products, serving the food, agriculture, and petrochemical industries.

AgTechCleantechClimate TechSheffield, GB

Pawel Kisielewski(Founder and Deputy Chairman)inProfessor Peter Hammond(Chief Technology Officer and Founder)

Cygnetisecygnetise.com in 𝕏Nov 2023

Cygnetise is a digital application for managing authorised signatories and bank mandates, replacing manual processes with real-time visibility, auditability, and control.

Crypto & Web3Enterprise SoftwareFintechLegalTechSaaSLondon, GB

Steve Pomfret(Founder and CEO)inAlex Walton(COO)in David Dawson(CTO)in

BoardKeith Hale(Director and Advisor)inMark Hunt(Advisor)

Co-investorsBloccelerate VC 1414 Ventures Calibrate Management Massive

Eco Injecteco-inject.com

Eco-Inject manufactures sustainable single-use autoinjectors for pharmaceutical applications, using a novel design that reduces component count and carbon emissions while maintaining cost parity with conventional devices.

Circular EconomyCleantechMedical Devices

Co-investorsCambridge Angels group

Electric Car Schemeelectriccarscheme.com in 𝕏Oct 2024

The Electric Car Scheme provides an EV salary sacrifice program that lets employees lease electric cars at a discount through their employer, while helping businesses save on tax and offer a staff benefit.

CleantechHR TechMobility & TransportationSaaS

Thom Groot(CEO & Co-founder)in Tom Eilon(Co-Founder)in

Co-investors13books Capital Ascension Conduit Connect Portfolio Ventures SPWOne Bayern Kapital

Fabacusfabacus.com in

Fabacus is a technology company and the maker of Xelacore, a platform that standardizes and manages product data for the licensing and retail industries.

Data & InfrastructureRetail TechSaaS

Andrew Xeni(Founder & CEO)in

Co-investorsSeneca Partners Inovia Capital

FuelActivefuelactive.com in

FuelActive provides fuel efficiency optimization technology for fleet operators in mining, rail, and construction sectors, helping reduce fuel consumption, emissions, and operational costs.

Advanced ManufacturingCleantechEnergyHardwareLogistics & Supply ChainCardiff, GB

Mike James(Chief Engineering Officer)in Max Lytle(CEO)in

Co-investorsForesight

Knatchbullknatchbull.com in

Knatchbull is a fashion label offering women's apparel including tailoring, blouses and dresses, with a Summer 2026 collection focused on refined construction and silhouettes.

ConsumerE-commerce

Daisy Knatchbull(Founder)in

meetspaceVRmeetspacevr.co.uk 𝕏

A VR entertainment venue operator offering an exclusive membership card program that provides discounts on bookings, food and beverages, and early access to new experiences at multiple UK locations.

ConsumerGaming

Co-investorsSeedrs

Modern Bakerlimitlesstravel.org inJul 2025

UK food-tech firm licensing nutrient-density ingredient technology to manufacturers to make staple ultra-processed foods healthier.

Birmingham, US

Angus Drummond(Founder)

Co-investorsBeringea Miroma Ventures

NoBACZ - companynobacz.com in

NoBACZ Healthcare develops antibiotic-free, patented liquid barrier products for wound and lesion management, creating waterproof physical barriers that block microbes as an alternative to topical antimicrobials.

AgTechBiotechHealthtechNew Materials

Jonathan Powell in

Co-investorsCambridge Angels group EMV Capital Martlet Capital The FSE Group The Yield Lab Europe ACF Investors +1 more

Ometriaometria.comNov 2021 · $40M

Ometria is a customer data and experience platform (CDXP) built for retail and DTC brands, combining customer data with AI-powered marketing across channels including email, SMS, on-site, in-store, social, and app push.

AI & Machine LearningMarketing TechRetail TechSaaS

Ivan Mazour(Founder & CEO)in James Dunford Wood(Founder)in

Co-investorsBright Pixel Capital Chamaeleon Craigie Capital InfraVia Capital Partners Octopus Ventures Samos Investments +5 more

Q-Botq-bot.co inSep 2023

SWARM Platform is a digital compliance management software for retrofit projects in the UK, serving housing associations, contractors, and local authorities.

CleantechConstruction TechGovTechNew MaterialsPropTechRoboticsSaaS

Co-investors2050 Capital EcoMachines Ventures EMV Capital Foundamental

QuantuMDxquantumdx.com in 𝕏

QuantuMDx develops point-of-care molecular diagnostics platforms and assays for detecting infectious diseases including sexually transmitted infections, antimicrobial resistance, respiratory viruses, and other pathogens.

Digital HealthHealthtechMedical DevicesNewcastle upon Tyne, GB

Elaine Warburton(Co-Founder and former CEO)

Co-investors3B Future Health Fund DEFTA Partners

Vizzyvizzy.com inApr 2025 · $4.8M

Vizzy is a profile platform where individuals showcase their work, ideas, and personality through video, images, and Q&A prompts as an alternative to traditional CVs.

Future of WorkHR TechSaaS

Chris Woodward-Jones(Founder)in

WeArismawearisma.com in 𝕏Jun 2023

Isma provides AI-powered tools for measuring influencer marketing campaign impact using visual and video recognition technology.

AI & Machine LearningCreator EconomyMarketing TechSaaSLondon, GB

Jenny Tsai(Founder)in

Co-investorsMorgan Stanley

Zenlnkd.inMay 2024 · $37M

HealthtechWellness & FitnessNew York City, US

Daniel James(Founder)

Co-investorsBowery Capital Focal Ventures FYNSA Private Capital Genoa Ventures Helicap Onsight Ventures +5 more

Zen Educatezeneducate.com in 𝕏

Zen Educate operates a digital platform connecting schools to qualified substitute teachers and temporary educators.

B2B MarketplacesEdTechHR TechSaaSLondon, GB

Oren Cohen(Founder)inSlava Kremerman(Founder)in

Co-investorsAscension Brighteye Ventures Claret Capital Partners Conduit Connect CREAS IMPACTO GLOBAL SGEIC FJ Labs +3 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AYRHybrJaveloKindredLitelokSkarperSlipSPS TechnologyThe CuratorsThe Electric Car SchemeZoa Rental

Portfolio news

latest coverage across their companies

UK Budget 2025: EV Salary Sacrifice Unaffected + £1.5bn EV Investment | The Electric Car Scheme

Electric Car Scheme · electriccarscheme.com · Nov 26, 2025

Vizzy Raises £3.65M in Seed Funding

Vizzy · finsmes.com · Apr 17, 2025

Frequently asked questions

How many investments has Adjuvo made?: Adjuvo has 29 tracked investments, including 3 dated in the last 24 months.
What stage does Adjuvo invest at?: Adjuvo invests at the Pre-Seed, Seed, Series A stages.
What sectors does Adjuvo focus on?: Adjuvo focuses on Cleantech, Consumer, EdTech, Enterprise Software, Fintech, FoodTech, Healthtech, Medical Devices, Mobility & Transportation, New Materials, PropTech, Retail Tech, Robotics, Sector Agnostic.
Where is Adjuvo located?: Adjuvo is headquartered in London, GB.
Does Adjuvo lead rounds?: Yes, Adjuvo leads investment rounds.
Who does Adjuvo co-invest with?: Adjuvo most often shares deals with Cambridge Angels group, Conduit Connect, EMV Capital, among 30 tracked co-investors.

Images

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