Initial Capital
Venture capitalInactiveLondon Β· Pre-SeedβSeries A Β· 2 people tracked
This fund appears to be inactive.
UK Companies House records show INITIAL CAPITAL LIMITED (no. 10399343) as dissolved. It is unlikely to be making new investments β this profile is kept for reference and historical accuracy.
Investment thesis
Initial Capital backs seed and early-stage technology companies, placing particular emphasis on the Bitcoin ecosystem alongside games, consumer products, and technology enablers. Rather than operating as a traditional venture fund, the firm describes itself as a group of serial entrepreneurs who partner hands-on with founding teams to build global category leaders. It stresses that early-stage fundraising is about more than capital, offering ongoing guidance across product, technology, recruitment, and growth, drawing on the team's own operating experience.
Source: firm website, verified Aug 3, 2026.
Team Β· 2 people
from public directories
What they invest in
from 43 of 62 portfolio companiesGaming Γ23Consumer Γ12Fintech Γ12Crypto & Web3 Γ11SaaS Γ10AI & Machine Learning Γ6Developer Tools Γ4Media & Entertainment Γ4
HQs:United StatesΓ6United KingdomΓ2BrazilΓ1European UnionΓ1FinlandΓ1NetherlandsΓ1
Investments Β· 62 tracked
founders shown can be your intro pathBy year:2024 Β· 12020 Β· 12016 Β· 24 dated
AppGyver is a no-code platform for building web and mobile applications with visual development tools and cloud backend functions.
Cloud ComputingDeveloper ToolsSaaSSan Francisco, US
Patrik Olof Backman(Director)Henri Samuel Vahakainu(Executive Officer)Tommi Markus Uhari(Director)Marko Sakari Lehtimaki(Executive Officer, Director)
Code Kingdoms offers online, self-paced coding courses that teach children ages 8-14 to program Minecraft mods (in Java) and Roblox games (in Lua) through interactive video tutorials and a web-based code editor.
EdTechGamingSaaSLondon, GB
A Telegram farm game centered on raising crops and animals.
GAMEE builds Telegram-based games, operating a mini app with 60+ proprietary games and a social gaming layer that connects players to Web3 and its $GMEE token-powered ad network.
AI & Machine LearningCrypto & Web3Gaming
Martin Zakovec(CEO)Miroslav Chmelka(Co-founder, CTO)Martin Navratil(CMO)Bozena Rezab(Co-Founder)
JAN3 builds Bitcoin infrastructure and Layer 2 technologies (Lightning and Liquid), offering products including the AQUA non-custodial wallet, tokenization services for real-world assets, and Bitcoin advisory for individuals, enterprises, and nation-states.
AI & Machine LearningCrypto & Web3Fintech
Medal is a free software application for recording, editing, and sharing gameplay highlights on PC and mobile.
Creator EconomyGamingHealthtechSan Francisco, US
Deleys Brandman(Executive Officer)Lonnie R. Kurlander(Executive Officer, Director)Andrew McMurry(Executive Officer, Director)Daniel Kaminsky(Director)
Atlanta, US
Stanford Jones(Director)Alison Drummond(Director)Roger Barnette(Executive Officer, Director)Robert Jones(Director)Dan Roy(Director)Jonathan Hallett(Director)
Mion provides a payment solution that instantly converts Bitcoin transactions into Euros, giving merchants stable and predictable payouts.
Crypto & Web3Fintech
Flash is a Bitcoin subledger for mining operations that connects wallets and exchanges, maps on-chain revenue to each mining site, and exports QuickBooks-ready books.
Crypto & Web3FintechSaaS
PokPok makes a subscription app of non-addictive, Montessori-inspired educational games for children ages 2-8, where kids build, tinker, and create to develop cognitive and socio-emotional skills.
ConsumerEdTechGamingToronto
Jordan Rosenberg(Executive Officer)Esther Lisa Lucia Huybreghts(Director)Ryan Cash(Executive Officer, Director)Nicolas Wittenborn(Director)Joshua Chapman(Director)Melissa Sarah Cash(Executive Officer, Director)
Polystream builds a metaverse platform with interoperable virtual worlds that users can navigate seamlessly, enabling immersive games, interactive applications, and social experiences delivered instantly to communities globally.
ConsumerGamingSocial
Kiri is an iOS app (iPhone, iPad, Apple Watch) that lets parents track their baby's sleep, feeding, growth, and symptoms via voice, tap, or photo, and provides pediatrician-backed insights, personalized sleep plans, developmental milestone tracking, and AI specialist guidance.
AI & Machine LearningConsumerDigital Health
Quikkly provides an SDK and platform for creating custom scannable smart codes as an alternative to QR codes, letting brands add branded, secure scanning features to their apps.
Enterprise SoftwareMarketing TechSaaS
Resolution Games is a game studio that develops virtual and mixed reality games across platforms from PC to XR, with titles including Demeo, Racket Club, Blaston, and Spatial Ops.
ConsumerGamingStockholm, SE
Carl-Arvid Ewerbring(Founder)
Tenor operates a GIF search engine and GIF Keyboard app that lets users find and share animated GIFs and reaction images across messaging and social platforms.
ConsumerMedia & EntertainmentSocial
saf. provides cross-border payment infrastructure for companies operating in Central America, enabling money transfers across the region via an API that uses digital assets and local banking rails.
Fintech
Supercell develops and publishes mobile games, including titles such as Hay Day, Clash of Clans, Boom Beach, Clash Royale, Brawl Stars, Squad Busters, and mo.co.
ConsumerGamingMedia & Entertainment
Super Evil Megacorp develops and publishes multiplayer action games.
GamingSan Mateo, US
Benjamin Holmes(Director)Adam Valkin(Director)Stephan Sherman(Director)Robert J. Daly, Jr.(Executive Officer, Director)Kristian Segerstrale(Executive Officer, Director)
BoardRick Thompson(Director)
Supercell develops mobile games including Clash of Clans, Clash Royale, Hay Day, Boom Beach, and Brawl Stars, designed for global audiences seeking engaging experiences on touch-based platforms.
ConsumerGamingHelsinki, FI
Ilkka
Digiday is a media publication covering the digital advertising, marketing, and media industries, producing news, briefings, podcasts, and research reports.
AdTechMarketing TechMedia & EntertainmentBrooklyn, US
Yonatan Raz-Fridman(Executive Officer, Director)Kenneth Lamb(Director)Pedro Romi(Executive Officer, Director)
Unsolved Studios develops interactive mobile mystery games where players investigate crime cases by exploring a victim's phone, reading messages, and finding clues.
ConsumerGamingMedia & Entertainment
Viker develops mobile games that integrate cryptocurrency rewards, allowing players to earn crypto while playing casual games.
Crypto & Web3Gaming
Portfolio news
latest coverage across their companiesSupercell Β· respawn.outlookindia.com Β· Jul 18, 2026
Peak Β· m.economictimes.com Β· Jul 17, 2026
Medal Β· baltimoresun.com Β· Jul 3, 2026
Saf Β· finsmes.com Β· Jul 25, 2025
Principals & officers Β· per Companies House
what is this? βDirector Β· British Β· since 2016
Director Β· Spanish Β· since 2016
Tarek Fuad Abuzayyad β 75β100% of shares, 75β100% of voting rights, right to appoint and remove directors
Frequently asked questions
- What stage does Initial Capital invest at?
- Initial Capital invests at the Pre-Seed, Seed, Series A stages.
- What is Initial Capital's typical check size?
- Initial Capital typically writes checks of $25K β $5M.
- What sectors does Initial Capital focus on?
- Initial Capital focuses on Consumer, Crypto & Web3, Gaming, SaaS.
- Where is Initial Capital located?
- Initial Capital is headquartered in London, GB.
- Does Initial Capital lead rounds?
- Yes, Initial Capital leads investment rounds.
Co-investors Β· 8
London Venture Partners (Lvp) is a gaming-focused venture capital fund that invests exclusively across the games ecosystem, backing companies in interactive entertainment, studios, content, technology, platforms, and services.
DN Capital is a global early-stage venture firm founded in 2000, investing in Seed, Series A and select Series B companies across Europe and North America.
EQT Ventures is the early-stage venture arm of EQT, backing founders building what it calls Generation-Defining Companies, primarily across Europe. It acts as a lead investor, operational advisor, and high-conviction capital provider.
500 Global (formerly 500 Startups) is a venture capital firm that invests in startups worldwide and runs programs for founders and investors.
Heartcore Capital is an early-stage venture firm backing European founders from inception through Series A, with a dedicated practice investing in Web3 protocols.
Quvy is an AI-powered platform that automatically generates and tests video and static advertisements, ranking them by predicted performance before any real spending occurs. The service enables marketers to create multiple ad variations and identify winners in minutes at a fraction of traditional agency costs.
Monk's Hill Ventures is a venture capital firm backing technology founders in Southeast Asia who aim to improve millions of lives.
BASS Ventures is a venture capital firm that positions itself as a supportive partner playing alongside founders to help realize ambitious ('crazy') dreams.
Firms observed investing alongside Initial Capital, from public investor directories. Shared companies are the overlap with Initial Capital's recorded portfolio.
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