🦊/Investors

ETCapital

Venture capital

Cambridge · Pre-Seed–Series A · 3 people tracked

Find your way into ETCapital

1,142 people in our graph share verified history with the ETCapital team — schools, employers, funds. One of them is your warm intro.

Paul Kwanunlockedknows David Gill · together at Stanford University (overlapped)
knows the team · via Stanford University Graduate School of Business
knows the team · via University of Oxford
knows the team · via University of Cambridge
×3knows the team · via Stanford University
knows the team · via The Open University
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Investment thesis

ET Capital invests in high-growth companies applying technology innovation, concentrating on science-based businesses in the Cambridge, Oxford and London cluster. The firm raises and manages a series of funds, having backed ambitious entrepreneurs building outstanding businesses, three of which went public and eight of which achieved profitable exits. Through vehicles such as Cambridge Research & Innovation, UK China Enterprise (targeting science-based businesses able to scale in China), Carbon Order (direct-air carbon capture), and the Carbon13 SEIS funds (climate-focused venture builder businesses), it supports early-stage technology and climate ventures. Its early funds were backed by HSBC and the European Investment Fund.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
Check
$100K – $952.5K
HQ
Cambridge, GB
Leads rounds
Follows
Instruments
Equity
Founded
1992
AUM
$16.5M
Tracked investments
16
IPOs
1
Acquisitions
1

Team · 3 people

from the firm's website & public directories

What they invest in

from 7 of 16 portfolio companies

Deep Tech ×4AI & Machine Learning ×2Biotech ×2Cleantech ×2Energy ×2Fintech ×2Healthtech ×2New Materials ×2

HQs:Canada×1United Kingdom×1

Investments · 16 tracked

founders shown can be your intro path
ADC Therapeutics SAadctherapeutics.cominNYSE: ADCT

ADC Therapeutics is a biopharmaceutical company that develops antibody drug conjugates and other therapies focused on hematology and oncology.

BiotechHealthtechMedical Devices

Ameet Mallik(Chief Executive Officer)inJose Carmona(Chief Financial Officer)Mohamed Zaki(Chief Medical Officer)inKristen Harrington-Smith(Chief Commercial Officer)inDavid Ege(Chief Technical Officer)inPeter Graham(Chief Legal Officer)in

Co-investorsHEALTHCARE ROYALTY PARTNERSScientia Ventures

Bangobango.comin

Bango operates a subscription bundling marketplace platform that connects content providers and telecommunications companies, enabling consumers to purchase bundled subscriptions through telecom carriers and alternative payment methods like direct carrier billing.

B2B MarketplacesEnterprise SoftwareFintechSaaS

Cambridge Display Technologycdtltd.co.ukin

CDT is a research and innovation centre focused on developing advanced materials, particularly polymer OLED and next-generation display technologies, with a heritage rooted in Cambridge University spin-out research since 1989.

AI & Machine LearningDeep TechEnergyNew MaterialsCambridge, GB

Richard Friend(Professor)inAndrew Holmes(Professor)

Co-investorsKelso

Carbon Engineeringcarbonengineering.comin𝕏Acquired

Carbon Engineering is a Direct Air Capture (DAC) technology company, founded in 2009, that develops systems to capture large volumes of CO2 directly from the atmosphere.

CleantechClimate TechDeep TechSquamish, CA

Co-investorsDesigner FundKhosla VenturesLOWERCARBONLowercarbon CapitalWUTIF CapitalAirbus+3 more

Cellestial Healthcellestialhealth.comin

Cellestial Health is a preclinical-stage biotech developing therapies for Parkinson's disease, with a lead candidate rooted in astrocytic network biology.

BiotechDeep TechDigital HealthHealthtech

Dr Nat Hastings(Chief Executive Officer)inDr Shawn Manning(Finance & Operations)

Infyosinfyos.comin

Infyos provides a supplier mapping and compliance platform for developers, asset managers, and battery manufacturers to manage regulatory requirements including EU Battery Regulation, UFLPA, and CSRD, while enabling financing and lender due diligence.

CleantechEnergyFintechSaaS

Co-investorsCarbon13Conduit ConnectSatgana

Materials Nexusmaterialsnexus.com

MatNex (Materials Nexus) is a materials design company that uses first-principles computation, machine learning, and materials engineering to design new materials to customer-defined performance and cost specifications, then owns and licenses the resulting material IP.

AI & Machine LearningDeep TechNew Materials

Dr Jonathan Bean(CEO & Co-Founder)Dr Robert Forrest(CTO & Co-Founder)

Co-investorsCarbon13MD One VenturesSamos InvestmentsAda Ventures

Other

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

EquitalkNiumPhicoPlastic LogicPuriFire LabsReo TxSilicon FuelSolcomSpirogen

Exits · 2

1 IPOs · 1 acquisitions · showing 1

ADC Therapeutics SANYSE: ADCT

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has ETCapital made?
ETCapital has 16 tracked investments, 2 of which have exited.
What stage does ETCapital invest at?
ETCapital invests at the Pre-Seed, Seed, Series A stages.
What is ETCapital's typical check size?
ETCapital typically writes checks of $100K – $952.5K.
What sectors does ETCapital focus on?
ETCapital focuses on Biotech, Cleantech, Climate Tech, Consumer, Data & Infrastructure, Deep Tech, Enterprise Software, Hardware, Medical Devices, New Materials, SaaS.
Where is ETCapital located?
ETCapital is headquartered in Cambridge, GB.
Does ETCapital lead rounds?
ETCapital typically participates in rounds rather than leading them.
Who does ETCapital co-invest with?
ETCapital most often shares deals with Carbon13, Designer Fund, Khosla Ventures, among 12 tracked co-investors.

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