Fundraising Fox

EMV Capital

Venture capital

London · Pre-Seed–Series B · 20 people tracked

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Investment thesis

EMV Capital targets early-stage deep tech and life sciences companies with strong intellectual property, seeking to advance them to critical value inflection points. The firm operates through multiple capital sources including direct balance sheet investments, fund management for Evergreen EIS and Martlet Capital Funds, and syndicated investments. The investment approach emphasizes hands-on engagement and proactive management to generate superior returns for investors while supporting companies with high growth and impact potential.

Source: firm website, verified Jul 21, 2026.

Stage
Pre-Seed–Series B
HQ
London, GB
Leads rounds
Leads
Instruments
Equity
Founded
2020
Tracked investments
61

Team · 20 people

from the firm's website
Ilian Iliev· Chief Executive Officer

Founded EMV Capital in 2018 and became group CEO following its acquisition by NetScientific PLC. Previously co-founded CambridgeIP Ltd, a leading IP strategy and patent data analytics firm. Brings expertise in venture capital, science commercialisation, and strategic advisory work. Holds a PhD from Cambridge University's Judge Business School and advanced degrees in economics and politics from Witwatersrand University.

Anesh Patel· Group Chief Financial Officer

Strategic finance leader with over 20 years spanning accountancy, investment banking and industry. Qualified Chartered Accountant with seven years in investment banking executing M&A and capital-raising transactions. Previously held senior finance roles at AIM-quoted life sciences and medtech companies.

Ed Hooper· Executive Director

Executive Director, General Counsel and Group Company Secretary providing legal, strategic and commercial support. Joined from a partner position at an international law firm where he led the Corporate Finance team in London. Brings over 20 years of City legal experience in fundraisings, M&A, IPOs, joint ventures and restructurings with international scope.

Nick Salisbury· Head of Capital Raising & Co-Investment

Brings extensive experience building networks of High Net Worth Individuals for capital raising into UK growth companies. Specialises in structuring investments under the Enterprise Investment Scheme across deep tech, engineering, real estate and asset-backed securities.

Tom Hall· Investment Director

Worked in early-stage investment for over a decade with roles at two UK Angel Investors of the Year award winners, Cambridge Enterprise and Cambridge Capital Group. Joined Martlet in 2015 and brings operational and finance experience in technology companies.

Tom Rudd· Business Development Manager (EIS Fund)

Joined EMV Capital in August 2025 focused on raising capital for the early-stage EIS Fund. Previously served as Director of Investor Relations at MMC Ventures, a leading UK Series-A investor, and prior to that held investor relations roles at Findlay Park Partners. Holds relevant investment qualifications including IMC and CFA Level 1.

John Clarkson· Venture Partner, Industrials

Experienced business professional and qualified accountant with extensive leadership roles including CEO, Chairman and board positions. Former Chair of NetScientific Plc. Active investor in start-ups and growth businesses with expertise in strategy development, fundraising and corporate governance.

Kevin Dean· Venture Partner

Engineer with 30+ years in technology, information systems and health tech innovation. Managing Director of Smart Health Science Limited and Chair of Combinostics Oy, a diagnostics company. Senior Research Fellow with RAND Corporation Europe and former health tech innovation director at Cisco. Named one of the UK's Top 50 Healthcare Innovators in 2013.

Stephen Cook· Venture Partner

Brings 25 years of energy industry experience including senior roles at BP focused on commercialisation and innovation. Led BP's IP monetisation and scale-up efforts. Brings strategic leadership expertise and experience advising investment funds and deep-tech start-ups.

Alpesh Anand· Salesforce Consultant & Administrator

Certified Salesforce Consultant and Administrator specialising in CRM strategy, workflow customisation and platform integrations. Brings expertise in streamlining processes and optimising workflows to support the firm and its portfolio companies.

Anabela Tavares· Management Accountant
Charles Spicer· Non-Executive Chair

Experienced chair and director specialising in medtech and life sciences. Currently chairs Creo Medical Group plc and serves as Chair of the UK Department of Health's Product Development Awards Selection Panel. Previously held CEO positions and led healthcare corporate finance teams at major investment banks.

Hannah Jarvis· Financial Controller

Seasoned accounting professional who joined EMV Capital in 2022. AAT-qualified with 17 years of diverse accountancy experience across both practice and industry, including expertise in payroll and multiple sectors.

Harry Miller· Head of Research

Investment Associate playing a critical role in evaluating investment opportunities and performing due diligence analysis. Previously worked as an Associate at an IP consultancy firm analysing patent data and advising on patent strategy. Holds Natural Sciences degrees from Cambridge University.

Jonathan Robinson· Senior Independent Director

Experienced company director and entrepreneur focused on business development. Co-founded the publicly quoted NetNames Group and most recently chaired the board of Afilias, an international domain registry operator. Holds a PhD in Materials Engineering and brings research and entrepreneurial experience across multiple sectors.

Laksh Vohra· Analyst

Joined EMV Capital in July 2025 transitioning from summer analyst to full-time role, supporting marketing and investor relations. Previously gained consulting experience with Deloitte and Manchester Consultancy Services. Holds an MSc in Finance from Imperial College London.

Nigel Brooksby· Adviser

Seasoned healthcare and pharmaceutical industry leader. Chairs AMR Bio, Symbiotic Blue and Vortex Liquid Biopsy Solutions. Formerly President of the Association of the British Pharmaceutical Industry and Chair of the Sanofi Group in the UK and Ireland. Held senior leadership roles at Pfizer and GSK across multiple continents.

Selina Frost· Client Services Manager

Seasoned Client Services Manager in financial services specialising in back-office and operational support. Demonstrates expertise in managing complex client needs and operations with strong problem-solving and communication skills. Holds a Bachelor's degree in Computer Science.

Stephen Crowe· Portfolio Chief Financial Officer

Commercial and growth-focused finance leader with over 20 years across multiple financial institutions and sectors. Qualified Chartered Accountant with experience at major organisations including AXA and smaller growth-stage tech companies. Previously worked as Investment Manager at a European exchange-traded products provider.

Svetlana King· Financial Planning and Analysis Manager

Experienced financial planning and analysis professional with expertise across private equity, tech, retail, services and energy sectors.

What they invest in

from 3 of 61 portfolio companies

AI & Machine Learning ×2Biotech ×2Deep Tech ×1Hardware ×1Healthtech ×1Medical Devices ×1Quantum Computing ×1

HQs:United Kingdom×3

Investments · showing 60 of 61

founders shown can be your intro path
AllFocal Optics - companyallfocaloptics.comin
arrowaivivo.co

AIVIVO develops drug discovery solutions at the organism level, focusing on accelerating pharmaceutical development processes.

AI & Machine LearningBiotech

arrowinfinitopes.com

Infinitopes develops immunotherapy treatments for cancer, focusing on immune-oncology and antigen discovery solutions aimed at improving patient outcomes and affordability in cancer care.

AI & Machine LearningBiotechHealthtechMedical DevicesOxford, GB

Jonathan Kwok(Co-Founder, President & Chief Medical Officer)Lian Ni Lee(VP Preclinical & Co-Founder)

Cambridge Mechatronics - companycambridgemechatronics.com
Cytovale

Diagnosis company pioneering a new class of biomarkers

DeepTech Recycling
Dname-iT

Genetic testing platform for complex diagnostic workflows from patient sampling to result

Echion Technologiesechiontech.com
EpiBone

Bone reconstruction company advancing skeletal reconstruction through 3D design and living cells

G-Tech Medical

Medical technology company developing diagnostics for Functional Gastrointestinal Disorders

Glycotest

Liver disease diagnostics company commercializing blood tests for life-threatening liver cancers

NU Quantum - companynu-quantum.com

Nu Quantum develops quantum networking solutions to enable commercial quantum computer scaling. The company was founded as a spin-out of the University of Cambridge and builds technology for quantum computing utility.

Deep TechHardwareQuantum ComputingCambridge, GB

Dr. Carmen Palacios-Berraquero(Founder and CEO)

Oncocidia

Targeted radiopharmaceutical cancer treatment company

PDS Biotechnology

NASDAQ-listed company harnessing immunology for therapeutic development

Pencil Biosciences - companypencilbiosciences.comin
PharmEnable - companypharmenabletx.comin
PointGrab
ProAxsis

Commercial medtech company with focus on respiratory diagnostics

Q-Bot
QuantalX Neuroscience

Brain and neurological disease diagnosis company

Radiant Matter - companyradiantmatter.co
SageTech Medical

Medical technology company founded to address global climate crisis through healthcare innovation

Sofant Technologies
Sorex Sensors - companysorexsensors.com
Techspert - companytechspert.com
Transparent Choice - companytransparentchoice.comin
Ventive
Vortex

Benchtop solution for label-free, sample preparation-free isolation and purification

Wanda Health

Intelligent platform for Remote Patient Monitoring and Virtual Care

Frequently asked questions

What stage does EMV Capital invest at?
EMV Capital invests at the Pre-Seed, Seed, Series A, Series B stages.
What sectors does EMV Capital focus on?
EMV Capital focuses on Biotech, Cleantech, Climate Tech, Deep Tech, Robotics.
Where is EMV Capital located?
EMV Capital is headquartered in London, GB.
Does EMV Capital lead rounds?
Yes, EMV Capital leads investment rounds.

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