Fundraising Fox

DSW Ventures

Venture capital

Manchester · Pre-Seed–Series A · 13 people tracked

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Investment thesis

DSW Ventures targets early-stage UK regional startups, typically investing from £100,000 to over £1 million into SEIS/EIS-qualifying companies and participating in larger rounds. It focuses on software, university/corporate spin-outs and consumer businesses that have talented founders, a defensible competitive position and evidence of product-market fit. The firm invests on behalf of British Business Investments, family offices and angel investors seeking SEIS and EIS tax benefits. Its team, which has led over 100 UK investments, takes a hands-on approach, guiding and supporting portfolio companies through the investment process and toward exit.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
Check
$130K – $1.3M
HQ
Manchester, GB
Leads rounds
Leads
Instruments
Equity
Tracked investments
25

Team · 13 people

from the firm's website
David Smith· Founding Partner

Previously led the North-West Fund for Digital and Creative.

Keith Benson· Founding Partner

A software engineer who moved into tech investing and corporate finance advisory.

Chris Yeowart· Operating Partner

A growth-focused operator and investor with a successful £100m health tech exit.

Doug Quinn· Partner

A life sciences operator and former CFO who transitioned into early-stage investing.

James Reston· Investment Manager

An award-winning scientist focused on backing venture-led solutions to global challenges.

Andy Dodd· PHD Chief Executive and DSW Group Partner

Director of PHD Industrial Holdings Ltd and a strategic adviser to the DSW Ventures partners.

James Dow· PHD Partner and DSW Group Chief Executive

Strategic head of the DSW Group and a senior member of its Investment Committee.

Mira Androniciuc· Investment Associate

A Chemistry and Life Sciences PhD who moved into venture capital.

Nicole Burstow· Chief Financial Officer, DSW Group

Former Deloitte Director and head of Corporate Development for the DSW Group.

What they invest in

from 17 of 25 portfolio companies

Biotech ×7AI & Machine Learning ×6SaaS ×6Deep Tech ×5Consumer ×3Healthtech ×3E-commerce ×2Enterprise Software ×2

HQs:United Kingdom×4United States×1

Investments · 25 tracked

founders shown can be your intro path
4D Biomaterials

Birmingham/Warwick spin-out developing 4Degra, a resorbable biomaterial for 3D-printed implants and surgical devices.

ACAI

Women's outdoorwear business known for innovative outdoor skinny trousers combining function, comfort and feminine design.

Acaioutdoorwearacaioutdoorwear.com

Açaí Outdoorwear designs outdoor apparel for women, focusing on style, performance, and fit for everyday wear.

ConsumerDirect to ConsumerE-commerce

Aston Particle Technologiesastonparticletechnologies.comin

Aston Particle Technologies develops formulation solutions for small molecule and biological APIs using its patented isothermal dry particle coating (iDPC) technology, which layers particles without heat, solvents, or mechanical mixing aids.

BiotechDeep TechNew Materials

Avaniteavanite.com

Software that reduces the size of user web-data cache for sysadmins, cutting the web-data footprint and lowering cloud infrastructure data costs.

Dia Beta Labsdiabetalabs.comin

Dia Beta Labs is a UK-based biotech company developing a pipeline of engineered therapeutic peptides that target beta-cell receptors to treat metabolic diseases such as Type 2 diabetes and obesity.

BiotechHealthtechLongevity

Co-investorsClarendon Fund Managers Ltd.Innovation Ulster

Fireflaifireflai.aiin

Fireflai provides data cleansing and enrichment tools that create standardized "Golden Data Sets" from large volumes of product data, helping companies automate manual data management processes.

AI & Machine LearningData & InfrastructureEnterprise Software

Glen Clova Scientificglenclovascientific.comin

Glenclova Scientific develops therapeutic vaccines that enable patients to generate natural antibodies against disease targets, positioned as an alternative to conventional biologics like monoclonal antibodies.

BiotechHealthtech

Hike SEOhikeseo.coin𝕏

Hike SEO provides done-for-you SEO services powered by "Kit," an AI SEO expert that analyzes a business's website and optimizes it for Google, ChatGPT, and other LLMs, paired with a human account manager.

AI & Machine LearningMarketing TechSaaS

Co-investorsJenson Ventures

InvenireXinvenirex.co.uk

InvenireX develops molecular diagnostics technology for DNA detection and absolute quantification of nucleic acids, combining DNA nanotechnology with AI-driven automation.

AI & Machine LearningBiotechDeep Tech

Mesenbiomesenbio.netin

Mesenbio develops extracellular vesicle (EV) therapeutics derived from mesenchymal stem cells, using its FT-01 platform to enable scalable, GMP-ready EV manufacturing for regenerative medicine.

BiotechHealthtechLongevity

Dr. David Kuntin(Chief Executive Officer)Prof. Paul Genever(Chief Scientific Officer)Anita Adams(Finance Director)

BoardDr. David Simpson(Chair)Jason Goldstein(Director)

Nexconexco.ai

Nexco provides an AI-powered intelligence layer for executive search firms, gathering structured candidate data during engagements and feeding it back into the firm's CRM.

AI & Machine LearningHR TechSaaS

Northern Light Microscopynorthernlightmicroscopy.comin

Northern Light Microscopy develops advanced microscopy and imaging solutions based on light control, aimed at life-science labs and biotech companies.

BiotechDeep TechHardware

One Utility Billoneutilitybill.coin𝕏

One Utility Bill combines energy, broadband, TV, TV licence and water into a single monthly payment for renters and homeowners, with the option to split bills between housemates.

ConsumerEnergyMarketplaces

Co-investorsMiddleton EnterprisesNorthstar Ventures

PopTop

Events marketplace connecting consumers and corporates with a UK network of event and party suppliers.

Propello Cloudpropellocloud.comin𝕏

Propello Cloud offers a white-label, API-based loyalty and rewards platform that lets businesses launch and manage customer reward programmes without building in-house solutions.

AI & Machine LearningMarketing TechSaaS

Roxfitroxfit.app

Roxfit is building Ultra, a race intelligence and competition product for athletes that extends engagement beyond race day.

AI & Machine LearningConsumerSports Tech

Shopblocksshopblocks.comin

Symphony Commerce designs and implements B2B ecommerce systems, including its Tempus platform, that integrate with clients' existing infrastructure to handle catalogue management, pricing, approval workflows, order handling, and multi-region data sync.

B2B MarketplacesE-commerceSaaS

Sign Solutionssignsolutions.uk.com

.UK.COM is a domain registry offering an unrestricted, globally accessible .UK.COM domain extension for businesses, entrepreneurs, and investors seeking a British online identity without local ccTLD restrictions.

Enterprise SoftwareSaaSLas Vegas, US

Co-investorsElderstreet InvestmentsFuture Planet CapitalRockpool InvestmentsZouk Capital

StimOxyGenstimoxygen.comin

StimOxyGen develops a pH-sensitive polymer-coated nanoparticle formulation that dissolves in low-pH environments and transiently generates oxygen within hypoxic solid tumours to improve the efficacy of cancer treatments such as radiotherapy and chemotherapy.

BiotechDeep TechMedical Devices

Co-investorsClarendon Fund Managers Ltd.

Stressfreecarrentalstressfreecarrental.com
Stressfreecarrental Com
The Insights Familytheinsightsfamily.com

Manchester-based subscription market research and insights platform focused on the kids, parents and under-30s market.

TheNextLevel

No-code social commerce mobile app builder for e-commerce brands.

Voxshellvoxshell.comin𝕏

Voxshell develops meshing software for computer-aided engineering (CAE) and computational fluid dynamics (CFD), using a new algorithm to speed up 3D data pre-processing.

Advanced ManufacturingDeep TechDeveloper ToolsSaaS

Frequently asked questions

How many investments has DSW Ventures made?
DSW Ventures has 25 tracked investments.
What stage does DSW Ventures invest at?
DSW Ventures invests at the Pre-Seed, Seed, Series A stages.
What is DSW Ventures's typical check size?
DSW Ventures typically writes checks of $130K – $1.3M.
What sectors does DSW Ventures focus on?
DSW Ventures focuses on Consumer, Deep Tech, SaaS, Sector Agnostic.
Where is DSW Ventures located?
DSW Ventures is headquartered in Manchester, GB.
Does DSW Ventures lead rounds?
Yes, DSW Ventures leads investment rounds.
Who does DSW Ventures co-invest with?
DSW Ventures most often shares deals with Clarendon Fund Managers Ltd., Elderstreet Investments, Future Planet Capital, among 8 tracked co-investors.

Images

DSW Ventures photoDSW Ventures photoDSW Ventures photo

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