How many investments has AP Ventures made?

AP Ventures has 25 tracked investments, including 5 dated in the last 24 months.

What stage does AP Ventures invest at?

AP Ventures invests at the Pre-Seed, Seed, Series A, Series B stages.

Where is AP Ventures located?

AP Ventures is headquartered in London, GB.

Does AP Ventures lead rounds?

AP Ventures typically participates in rounds rather than leading them.

Who does AP Ventures co-invest with?

AP Ventures most often shares deals with Collaborative Fund, SGH Capital, DCVC (Data Collective), among 47 tracked co-investors.

AP Ventures

Venture capital

London · Pre-Seed–Series B · 32 people tracked

Also known as AP VENTURES LLP

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Investment thesis

AP Ventures backs early-stage companies building technically differentiated solutions for the industrial economy, focusing on technologies that improve operational performance, strengthen resilience and supply-chain security, and enable the shift to lower-carbon systems. It targets applications in energy-intensive sectors such as chemicals, steel, aviation, heavy mobility and construction. Investing since 2013, the team brings expertise across chemistry, materials science, engineering and finance, working closely with founders to reach technical and commercial milestones and connecting them with a global network of financial and industrial partners.

Invests inAdvanced Manufacturing Cleantech Climate Tech Construction Tech Deep Tech Energy Mobility & Transportation New Materials Global London

Source: firm website, verified Aug 25, 2026.

Stage

Pre-Seed–Series B

London, GB

Leads rounds

Follows

Instruments

Equity

Founded

2013

Last 12 months

4 investments

AUM

$395M

VC funds

Tracked investments

Team · 32 people

from the firm's website & curated & public directories

Andrew Hinkly· Managing Partner· London, England, United Kingdomin 𝕏

Founding Managing Partner of AP Ventures with over 30 years in the automotive, mining and venture capital industries, including senior leadership roles at Anglo American and Ford Motor Company. He sits on several portfolio company boards.

a•••@apventures.comreveal

Kevin Eggers· Partner· London, England, United Kingdomin 𝕏

A Founding Partner of AP Ventures who sits on several portfolio company boards. He previously spent a decade at Anglo American in commercial and corporate finance roles and is a Chartered Accountant.

k•••@apventures.comreveal

Shimpei Yamashita· Investment Manager· United Kingdomin

Joined in 2026 as an Investment Manager responsible for deal sourcing, execution and portfolio management, and leads relationships with Japanese LPs JGC, MOL and Sumitomo Corporation. He previously spent over a decade in Sumitomo's corporate venture capital team.

Calum Ferguson· Investment Manager· San Franciscoin

Leads the firm's San Francisco office, handling deal sourcing, structuring, execution and technical analysis as well as follow-on and portfolio construction strategy. A published materials scientist, he previously worked at Frazer-Nash Consultancy.

c•••@apventures.comreveal

Charlie Clark· Senior Investment Manager· United Kingdomin

A Senior Investment Manager of seven years responsible for deal origination, structuring and execution and post-investment management, and leads the Fund's research workstream. He previously worked in metals and mining at an investment bank and at EY Advisory.

c•••@apventures.comreveal

James Diaz-Sokoloff· Senior Investment Manager· London, England, United Kingdomin

Responsible for portfolio management strategy and closing new and follow-on investments, and supports research and thesis development across Fund III areas. He joined in 2019 after five years with BP Upstream Exploration.

j•••@apventures.comreveal

Risei Goto· Investment Manager· London, England, United Kingdomin

Risei Goto is an Investment Manager at AP Ventures. Goto has more than five years of experience in venture investment, over seven years in both energy technology market research and buy-side investment management, and more than ten years in financial planning and analysis.

r•••@apventures.comreveal

Sengo Garrine· Investment Manager· City of Johannesburg, Gauteng, South Africain

Sengo Garrine is an Investment Manager at AP Ventures. Their work focuses on investments in clean energy and resources, with particular attention to the hydrogen value chain.

s•••@apventures.comreveal

Birgit Behrendt· Venture Partner· Londonin

An experienced global automotive leader and former Ford Motor Company officer with a career in supply chain management and procurement. She serves as a board member and advisor to multiple companies including Hydrogenious LOHC Technologies and Infinium.

Mardé van Wyk· Venture Partner· Jiddah, Makkah, Saudi Arabiain

Brings over 14 years of private equity experience across the deal value chain, with expertise in deal structuring, portfolio management and investment restructuring. She has served on multiple boards and advisory committees.

Angela Holloway· Investor Relations Associate· London, England, United Kingdomin

Supports the fundraising and investor relations team and leads marketing and PR for AP Ventures. She previously led a conference production team at a professional development organisation.

Caelin Palmer· IR and ESG Analyst

Supports investor relations activities and leads ESG reporting and its integration across the investment process. She previously worked at a low-carbon impact fund in Toronto.

Charlotte Downie· Investment Analyst

Focuses on deal origination and execution across carbon capture and utilisation, bio-based processes and the circular economy. She previously worked at PA Consulting on private equity and decarbonisation strategy.

Daisy Lebepe· Senior Finance Managerin

Oversees investment valuations and investor performance reporting and manages key South African investor and regulator relationships. She is a Chartered Accountant who previously worked at African Rainbow Capital and Deloitte.

Elaine Dearson· Executive Assistant and Office Manager· United Kingdomin

Executive Assistant and Office Manager supporting team coordination as well as the Investment Committee and Compliance functions, with over 30 years of similar experience in the finance industry.

Elisabeth Feldstein· Investment Associate· San Franciscoin

An Investment Associate focused on deal origination, execution and research, based in the firm's San Francisco office. She previously worked at Johnson Matthey and First Mode.

George Irven· Investment Associate· Mentor, Ohio, United Statesin

Contributes to origination and execution across the industrial decarbonisation value chain and conducts technology research. He previously led technical business development and R&D at FAC Technology and holds a PhD from Imperial College London.

Heledd Joyner· Investor Relations Operations· United Kingdomin

Leads investor relations operations, coordinating support for Limited Partners and the fundraising team. She has a background in philanthropic fundraising in healthcare.

Karoline Bruhn· Investment Analyst

Joined in 2025 to support the deal team across sourcing, due diligence and portfolio management, and leads engagement with LP KIRKBI Climate. She previously worked on KIRKBI Climate's Energy Transition team.

Niki Dembitz· Investment Committee Member· London, England, United Kingdomin

An independent member of AP Ventures' Investment Committee who is also part of PIMCO's Alternative Investments Team. She previously worked at GreenOak Real Estate, McKinsey & Company and Morgan Stanley.

Penny Freer· Chairman· United Kingdomin

Chairman of AP Ventures LLP who also chairs the Investment Committee and the Limited Partner Advisory Committee. She has more than 25 years in finance, including a leadership role at Robert W Baird.

Ran Li· Senior Fund Accountant· United Kingdomin

Senior Fund Accountant responsible for management accounts, financial statements, drawdowns and distribution notices for LPs, and monitoring the compliance programme. She previously worked at IQ-EQ Fund Administration.

Sabah Khan· Management Accountant

Management Accountant supporting the finance team, responsible for management accounts across three entities, capital account preparation and FCA regulatory returns.

Yohei Hosokawa· Investment Associate· United Kingdomin

An Investment Associate contributing to deal origination, structuring and execution across the hydrogen and CCUS value chains, and leads the investor relationship with LP Mitsubishi Corporation. He previously worked in business development at Mitsubishi Corporation.

Yonatan Sher· Associate· Johannesburg, South Africain

Head of Legal who assisted with the initial formation of AP Ventures and previously specialised in public and private M&A and Equity Capital Markets at a corporate law firm.

Alexis Garavel· Associate· Londonin 𝕏

Leads deal origination, structuring and execution, and researches the hydrogen value chain, focusing on industrial decarbonisation, hydrogen and industrial gas logistics, power generation and geologic hydrogen. He previously worked as a management consultant at Kearney.

a•••@apventures.comreveal

Khangzhen Leow· Investment Associate· United Kingdomin

Supports origination, diligence and execution across industrial decarbonisation and led the fund's first software investment. He previously worked at Lombard Odier and E4tech.

k•••@apventures.comreveal

Pamela Darchiville· CFO / Compliance Officer· London, England, United Kingdomin

Chief Financial Officer and Compliance Officer managing the finance team, HR and legal, having worked at AP Ventures since inception. She has over 20 years of experience in similar roles at VC and PE firms.

p•••@apventures.comreveal

Billy Watterson· Investment Associate· United Kingdomin

Strategic advisor and CEO of Watterson Brands.

Brendan Boland· Investment Associate· San Francisco Bay Areain

Kim-Leigh van der Westhuizen· Associate· Cape Town, South Africa

Sebastian Vetter· Investor· United Kingdom

What they invest in

from 26 of 27 portfolio companies

Cleantech ×22Climate Tech ×17Energy ×15Deep Tech ×7New Materials ×6Hardware ×5Advanced Manufacturing ×2AgTech ×2

HQs:United States×8Australia×1Switzerland×1Germany×1France×1United Kingdom×1

Who they back

founder profiles across 11 portfolio companies

64%

solo founders

7 of 11 mapped founding teams

Founding team size:solo founder×72 founders×4

Investments · 27 tracked

founders shown can be your intro path

By year:2026 · 3 2025 · 2 2024 · 3 2023 · 210 dated

Plug Powerplugpower.com in 𝕏NASDAQ: PLUG

Plug Power develops hydrogen fuel cell and related clean energy technologies.

CleantechClimate TechEnergy

Andy Marshin

Co-investorsBlackRock

Immaterialimmaterial.com in 𝕏Oct 2025✓ verified

Immaterial develops monolithic metal-organic frameworks (m-MOFs), a nanoporous material platform, and scales them from lab to industrial production for gas separation applications such as carbon capture.

CleantechClimate TechNew Materials

David Fairen-Jimenez(Co-founder)in

Co-investorsEnergy Revolution Ventures Finindus JERA

Amogyamogy.co in 𝕏Dec 2024

Amogy develops patented ammonia cracking technology that converts ammonia into electric power for hydrogen fuel cells and engines, targeting decarbonization of heavy industries including transportation and maritime.

CleantechClimate TechDeep TechEnergyHardwareHealthtechSan Francisco, US

Seonghoon Woo(Founder & CEO)Hyunho Kim(Founder)in

Board seatAndrew Hinkly· per SEC Form D

Co-investorsBonAngels Venture Partners Collaborative Fund Congruent Ventures DCVC (Data Collective)GS Futures Marunouchi Innovation Partners +4 more

Noble Gas Systemsnoblegassystems.com inJan 2023

Noble Gas Systems develops and manufactures conformable high-pressure gas storage vessels for transportation and stationary applications in commercial, aerospace, and defense markets.

Advanced ManufacturingCleantechDefense TechEnergyHardwareNew MaterialsWixom, US

Chris Kondogiani(CEO)Olga Alavanou(Director)

BoardJerome Breteau(Director)Matthew L. Hoffman(Director)

Board seatAndrew HinklyAndrew R. Hinkly· per SEC Form D

Co-investorsIn-Q-Tel

Aether Fuelsaetherfuels.com inJan 2026 · $15M

Aether Fuels develops technology to convert syngas and carbon feedstocks into sustainable fuels, using its Aether Aurora solution built on technology licensed from GTI Energy.

CleantechClimate TechEnergy

Conor Madigan(Founder and CEO)Dhaval Shah(Chief Technology Officer)

BoardMichelle Robson(Director)inPhilippe Inagaki(Director)

Co-investorsXora Innovation Pte Ltd CDP Venture Capital Foothill Ventures JetBlue Ventures SKY VC TechEnergy Ventures +4 more

Airhiveairhive.earth inMar 2024

Airhive develops low-cost direct air capture (DAC) technology using fluidised beds, a mineral sorbent, and an electric calciner to remove CO2 from ambient air.

CleantechClimate TechDeep Tech

Rory Brown(Founder)in

Co-investorsBrinc Eka Ventures

Attributesattributes.digital in

Attributes™ provides a blockchain-based digital registry that tracks the origin and ESG attributes of energy from production to end users.

Climate TechCrypto & Web3Energy

Co-investorsEquinor Ventures

Crew Carboncrewcarbon.com in

CREW is a Yale spinout that adds calcium carbonate (ground limestone) to wastewater treatment plants to intensify biological treatment, cut chemical costs, and permanently remove carbon dioxide.

CleantechClimate TechDeep TechNew Haven, US

Joachim Katchinoff(Co-founder & CEO)inNoah Planavsky(Co-Founder & Scientific Advisor)in

Co-investorsConnecticut Innovations Counteract One Echo River Capital Emerald Technology Ventures Ag Sony Ventures Corporation ANIMO Ventures +2 more

EH Groupehgroup.ch in

EH Group develops hydrogen fuel cell stacks with a re-designed microstructure and simplified system architecture for higher power density, using an automated micro-precision assembly process that scales from MW to GW production.

CleantechEnergyHardware

Co-investorsFirst Imagine!

Fabrumfabrum.nz in

Fabrum designs and manufactures cryogenic systems, including onsite hydrogen liquefaction and production of liquid nitrogen, oxygen, and air, as well as hydrogen production systems that electrolyse water into high-purity hydrogen and oxygen.

CleantechDeep TechEnergyChristchurch, NZ

Fairbrics x-tech-roboticsfairbrics.co in

Fairbrics develops circular manufacturing processes that use captured waste CO2 as a feedstock to produce textile fibers, reducing reliance on fossil fuels.

Advanced ManufacturingCircular EconomyCleantechClimate TechNew MaterialsParis, FR

Benoit Illy(CEO)inTawfiq Nasr Allah(CTO)in

Co-investorsEntrepreneur First SGH Capital

Feldytryaether.co inJan 2026 · $15M

Aether provides roofing and exterior building measurement reports for home services contractors, using phone-based 3D modeling to generate accurate full-house measurements within 2% accuracy.

AI & Machine LearningConstruction TechDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

Zayne Sagar(Founder)inShelby Bons(Founder)in

Co-investorsY Combinator CDP Venture Capital Chevron Technology Ventures Eni Next Foothill Ventures TechEnergy Ventures +1 more

GreyRockgreyrock.com

Greyrock develops small-scale gas-to-liquids (GTL) technology that converts flared or vented gases into usable products, aiming to reduce methane emissions and greenhouse gas output.

CleantechClimate TechEnergy

Hazer Group Limitedhazergroup.com.au in 𝕏

Hazer Group is an ASX-listed technology company developing and commercialising the HAZER Process, a method for producing hydrogen and graphite from natural gas and other feedstocks.

CleantechClimate TechEnergyNew MaterialsPerth, AU

Glenn Corrie(CEO & Managing Director)Neil Brodie(Chief Financial Officer)Tim Forbes(Chief Technical Officer)Tom Coolican(Chief Operations Officer)Belinda Wilson(Chief People Officer)Luc Kox(Chief Commercial Officer)

HPNowhpnow.eu inSep 2023

HPNow produces hydrogen peroxide (Peroxide UltraPure) on-site through a patented electrochemical process that converts water, electricity, and air into low-concentration, high-purity peroxide for water treatment.

AgTechCircular EconomyCleantechHardwareNew Materials

Co-investorsEvonik Venture Capital GmbH Novo Holdings

Hydrogenioushydrogenious.net in 𝕏Feb 2025

Hydrogenious LOHC Technologies develops liquid organic hydrogen carrier (LOHC) infrastructure that stores and transports hydrogen in liquid form under ambient conditions using conventional fuel infrastructure, targeting hydrogen producers and industrial and mobility offtakers.

CleantechClimate TechEnergyErlangen, DE

Daniel Teichmann(Founder)in

Co-investorsChevron Technology Ventures Temasek

HyEThyetgroup.com

HyET group is a collection of companies developing technologies for commercially viable, large-scale use of decentralized renewable energy sources, such as high-pressure hydrogen buffering of solar and wind power and low-cost roofing sheets with integrated solar modules.

CleantechClimate TechDeep TechEnergy

Hypermotivehyper-motive.com in 𝕏

Hypermotive develops electrification systems—integrating batteries, fuel cells, and high-voltage systems—for zero-emission technology programmes in the electric aerospace and rail sectors.

CleantechEnergyMobility & Transportation

Hystarhystar.org in 𝕏

Hystar develops PEM electrolysers for hydrogen production, using a patented design that combines fuel cell industry technology with electrolyser technology for higher efficiency and safety.

CleantechEnergyHardware

Infiniuminfiniumco.com

Infinium develops technology across two platforms, Infinium Energy and Infinium Edge, converting waste emissions into sustainable products and supporting more efficient scaling of next-generation computing.

CleantechClimate TechEnergyNatick, US

Adam C. Powell, IV(Executive Officer, Director)Stephen J. Derezinski, III(Executive Officer, Director)

BoardMartin Capriles(Director)Craig Edelstein(Director)

Co-investorsAdvantage Partners Inc.8090 Industries Brookfield Asset Management

Miticomitico.techDec 2024 · $4.3M

Mitico develops a post-combustion carbon capture technology that collects and purifies carbon dioxide from flue gases at the source before it enters the atmosphere.

CleantechClimate TechDeep TechPasadena, US

Clement Cid(Executive Officer, Director)Alan Yalun Gu(Director)

BoardVincent Brillault(Director)Edward Rubin(Director)

Co-investorsFREEFLOW Halliburton Labs SOSV

Refundidrefundid.com in

Refundid provides ecommerce returns software that offers shoppers instant refunds, exchanges, and store credits through a single returns portal, while automating return management for online retailers.

E-commerceRetail TechSaaS

Co-investorsCota Capital Shearwater Capital Touch Ventures

Rosy Soilrosysoil.com in

Rosy Soil makes a peat-free potting soil built on a patented biochar blend with ingredients like mycorrhizae, worm castings, compost, pine bark fines, and diatomaceous earth.

AgTechConsumerDirect to Consumer

Chad(Founder)

Co-investorsDraper Associates GATHER VENTURES Path Ventures Pure Ventures Rodeo Partners

Rubi Labsrubi.earth in 𝕏

Rubi develops biotechnology solutions for sustainable manufacturing in the fashion and textiles industry.

BiotechCleantechClimate TechNew MaterialsSan Francisco, US

Neeka Mashouf(Co-founder)inLeila Mashouf(Co-founder)in

Co-investorsClimactic Collaborative Fund Darco Capital Juniper Necessary Ventures

Snowfox Discoverysnowfoxdiscovery.com inJan 2026

Snowfox Discovery is a natural hydrogen exploration company developing technology to locate and unlock naturally occurring hydrogen in the geological subsurface.

CleantechClimate TechEnergy

Daniel McMahonin

Co-investorsOxford Oxford Science Enterprises bp ventures

United Hydrogenunitedhydrogen.com

ZeroAvia x-tech-roboticszeroavia.com in 𝕏

ZeroAvia develops hydrogen-electric powertrain technology for aircraft, aiming to enable zero-emission aviation.

CleantechClimate TechDeep TechMobility & TransportationHollister, US

Valery Miftakhov(Executive Officer, Director, Promoter)Sergey Kiselev(Director)inJames McMicking(Chief Strategy Officer)in

BoardGeoff Eisenberg(Director)inMatt Eggers(Director)inChristine Ourmieres-Widener(Director)

Co-investorsBreakthrough Energy Ventures Dnipro Ecosystem Integrity Fund Horizons Ventures Scottish National Investment Bank SGH Capital +8 more

Exits · 1

IPOs and acquisitions across the tracked portfolio

Plug PowerNASDAQ: PLUG

Portfolio news

latest coverage across their companies

Safran CTO details scope of ZeroAvia collaboration - FlightGlobal

ZeroAvia x-tech-robotics · flightglobal.com · Aug 20, 2026

Chevron Withdraws From Federal DAC Project In Kern County

Airhive · carbonherald.com · Aug 18, 2026

Plug Power Falls 5%, Bloom Energy Sinks 8% With the 10-Year Yield Near a 52-Week High - 24/7 Wall St.

Plug Power · 247wallst.com · Aug 18, 2026

Feldy: Field-first AI for home services and contractors.

Feldy · ycombinator.com · Aug 13, 2026

Infinium Pharmachem Ltd Ordinary Shares (INFINIUM)

Infinium · morningstar.com · Aug 12, 2026

Aether Fuels forms advisory board to support waste gas to SAF tech

Aether Fuels · qcintel.com · Aug 6, 2026

UK natural hydrogen firm eyes 2027/2028 drilling after securing Iowa site | Hydrogen News | gasworld

Snowfox Discovery · gasworld.com · Aug 6, 2026

Hazer Group Hosts Q4 FY26 Investor Webinar to Present Commercial Strategy for Climate-Tech Hydrogen and Graphite Production

Hazer Group Limited · kalkine.com.au · Jul 21, 2026

Principals & officers · per Companies House

what is this? ⓘ

Kevin Arthur Eggers

LLP designated member · since 2018

Andrew Robert Hinkly

LLP designated member · since 2018

Ownership & control

Andrew Robert Hinkly — 75–100% of voting rights, right to share surplus assets 75 to 100 percent limited liability partnership

Frequently asked questions

How many investments has AP Ventures made?: AP Ventures has 25 tracked investments, including 5 dated in the last 24 months.
What stage does AP Ventures invest at?: AP Ventures invests at the Pre-Seed, Seed, Series A, Series B stages.
What sectors does AP Ventures focus on?: AP Ventures focuses on Advanced Manufacturing, Cleantech, Climate Tech, Construction Tech, Deep Tech, Energy, Mobility & Transportation, New Materials.
Where is AP Ventures located?: AP Ventures is headquartered in London, GB.
Does AP Ventures lead rounds?: AP Ventures typically participates in rounds rather than leading them.
Who does AP Ventures co-invest with?: AP Ventures most often shares deals with Collaborative Fund, SGH Capital, DCVC (Data Collective), among 47 tracked co-investors.

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