/Investors

ETFS Capital

Venture capital

London · Seed–Series A · 8 people tracked

Also known as Etfs Capital (Holdings) Limited

Find your way into ETFS Capital

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

Michael Dimelowunlockedknows Malcolm Ferguson · together at Molten Ventures (overlapped)
×6knows the team · via Molten Ventures
×4knows the team · via GP Bullhound
knows the team · via Octopus Ventures
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Investment thesis

ETFS Capital backs early-stage European fintech founders seeking to disrupt financial services. The team is made up of fintech industry veterans with deep experience in investment management and capital markets, and leverages its networks to add long-term value to portfolio companies. The firm prefers to lead at the Series A stage but is comfortable co-leading or participating in rounds. It invests in only a small number of companies each year so it can actively support founders after investment.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series A
HQ
London, GB
Leads rounds
Leads
Instruments
Equity
Founded
2018
Tracked investments
21
Acquisitions
1

Team · 8 people

from the firm's website & curated
Graham Tuckwell· Chairman
Martyn James· Managing Partnerin
Ian Lansdell· Investment Directorin
Sam Weeks· Admin Support
Steph Poulier· General Counsel

What they invest in

from 12 of 21 portfolio companies

Fintech ×12Enterprise Software ×10SaaS ×8Data & Infrastructure ×3AI & Machine Learning ×2Crypto & Web3 ×1Developer Tools ×1

HQs:United Kingdom×3United States×2

Who they back

founder profiles across 7 portfolio companies
30%
repeat founders
of 10 founders with career history

Where their founders studiedfrom 10 founders with education data

Northwestern University - Kellogg School of Management ×2

Where their founders worked beforefrom 10 founders with career history

PCM ×2

Investments · 21 tracked

founders shown can be your intro path

By year:2024 · 32023 · 14 dated

Alphathenaalphathena.comin𝕏Jan 2024 · $4M✓ verified

Alphathena offers a platform for personalized investing that lets financial advisors, RIAs, wealth managers, fintechs, and TAMPs integrate direct indexing, tax-loss harvesting, and tax-efficient transitions into their existing workflows and custodians.

AI & Machine LearningFintechSaaSWillowbrook, US

Tushad Driver(Co-founder & CTO)inMohan Naidu(Founder & CEO)in

Co-investorsHyde Park Angels

Futureproofhqfutureproofhq.comin𝕏✓ verified

Future Proof is an award-winning events company specializing in conferences, festivals, and networking programs for the wealth management and investment industry.

Enterprise SoftwareFintechSaaSHuntington Beach, US

Matt Middleton(Founder & CEO)inMatt Hougan(Co-Founder)in

21Shares Acquired21shares.comin𝕏

21shares is a crypto-focused asset manager that builds regulated crypto exchange-traded products (ETPs), including staking ETPs, backed by an in-house research team.

Crypto & Web3Fintech

Russell Barlow(CEO)inDuncan Moir(President)inEdel Bashir(Chief Operating Officer)inAndres Valencia(Executive Vice President of Investment Management)in

Co-investorsCollab+Currency

Bitadatabitadata.com

Frankfurt-based index technology company providing indexes, crypto benchmarks and end-to-end self-indexing infrastructure.

Co-investorsFutury CapitalVolta Ventures

Cognitive Creditcognitivecredit.comin𝕏Sep 2024 · $10M

Cognitive Credit provides structured financial data and models on investment-grade corporate bond issuers in the US and Europe, extracted from official filings and delivered via automated systems to investment teams and analysts.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintech

Robert Slater(CEO)in

Co-investorsPentech VenturesHearst VenturesXTX Markets

ETF Streametfstream.com

Media and events company producing data-driven content on the European and Australian ETF markets.

Fundmentfundment.comin

Fundment provides a proprietary platform for financial advisers that combines custody, trading, automation, and reporting into a single workflow to implement investment advice.

Enterprise SoftwareFintechSaaS

Ola Abdul(Founder)in

Co-investorsHighland EuropeInnvotec Ltd.Oxford Investment Opportunity Network (OION)

Kayentakayenta.ioin

Kayenta provides a cloud-native treasury management system for investment managers, offering a low-cost core product with optional add-on modules.

Enterprise SoftwareFintechSaaS

Matthew Peakman(Founder)in

Co-investorsAppOnboardEpisode1

Logiclylogicly.financein𝕏

LOGICLY is a web-based portfolio management and analytics platform for financial advisors, broker dealers, and asset managers to automate portfolio construction, rebalancing, and research.

Enterprise SoftwareFintechSaaS

Skylight IPVskylightipv.comin

Skylight IPV provides independent price validation and consensus data services for the over-the-counter financial markets, serving institutional clients and market makers with transparent pricing data and compliance tools.

Data & InfrastructureEnterprise SoftwareFintech

Nigel Hyde(Founder)inRichard Cade(Founder)in

Treasury Springtreasuryspring.comin𝕏Jun 2023 · $29M

TreasurySpring operates a digital platform that gives corporate treasury teams access to short-term cash investments — including secured tri-party repo (bank) exposure, government debt, and corporate counterparties — through a single onboarding.

Enterprise SoftwareFintechSaaS

James Skillen(Founder)inKevin Cook(Co-founder)in

Co-investorsAnthemis VentureBalderton CapitalBlack Lion VenturesMMC VenturesOutrun VenturesMubadala Capital

ULTUMUSultumus.comin

Ultumus provides data technology and infrastructure for the ETF and index ecosystem, serving financial institutions that create, manage, and trade exchange-traded funds.

Data & InfrastructureEnterprise SoftwareFintechSaaSLondon, GB

Veloxfintechveloxfintech.comin

Velox provides vCore, an application development platform designed for capital markets software development teams to build business software significantly faster using a buy-and-build approach.

Developer ToolsEnterprise SoftwareFintech

WealthKernelwealthkernel.cominJan 2024 · $7MAcquired

WealthKernel provides investment infrastructure through an API, including account funding services that handle deposits, matching, settlement, and multicurrency support (GBP, EUR, USD) for firms offering investment products to their users.

Enterprise SoftwareFintechSaaS

Co-investorsDigital HorizonDigital Horizon VC

Other

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

AlplathenaBITAEtfETF LogicETF Securities AustraliaFuture ProofMoorgate Benchmarks

Principals & officers · per Companies House

what is this? ⓘ
Martyn Paul James

Director · British · since 2021

Graham John Tuckwell

Director · Australian · since 2019

Ownership & control

Graham Tuckwell — 75–100% of shares, 75–100% of voting rights, right to appoint and remove directors

Frequently asked questions

How many investments has ETFS Capital made?
ETFS Capital has 21 tracked investments, 1 of which have exited.
What stage does ETFS Capital invest at?
ETFS Capital invests at the Seed, Series A stages.
What sectors does ETFS Capital focus on?
ETFS Capital focuses on Crypto & Web3, Data & Infrastructure, Fintech.
Where is ETFS Capital located?
ETFS Capital is headquartered in London, GB.
Does ETFS Capital lead rounds?
Yes, ETFS Capital leads investment rounds.
Who does ETFS Capital co-invest with?
ETFS Capital most often shares deals with Balderton Capital, Highland Europe, MMC Ventures, among 16 tracked co-investors.

Images

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