How many investments has Kaltroco made?

Kaltroco has 29 tracked investments, including 1 dated in the last 24 months.

What stage does Kaltroco invest at?

Kaltroco invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.

What sectors does Kaltroco focus on?

Kaltroco focuses on Sector Agnostic.

Where is Kaltroco located?

Kaltroco is headquartered in St Helier, JE.

Does Kaltroco lead rounds?

Yes, Kaltroco leads investment rounds.

Who does Kaltroco co-invest with?

Kaltroco most often shares deals with Blue Revolution Investments G.P., Council, GSV Ventures, among 3 tracked co-investors.

Kaltroco

Family office

St Helier · Seed–Late Stage · 17 people tracked

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Investment thesis

Kaltroco is a family-owned investment firm deploying permanent capital from its own balance sheet, allowing it to tailor each investment and hold on any timeline — from years to decades — rather than chasing short-term outcomes. It acquires controlling and partnership stakes in private companies at all stages of development, frequently as the sole outside shareholder alongside founders. The firm works closely with management teams to identify initiatives that unlock sustainable long-term value, favoring patience over quick wins. It operates as a small team of empowered decision-makers valuing simple, honest and concise interaction with its companies and stakeholders.

Invests inSector AgnosticAfrica Europe Global Nashville North America United States

Source: firm website, verified Sep 20, 2026.

Stage

Seed–Late Stage

St Helier, JE

Leads rounds

Leads

Instruments

Equity

Founded

1994

Last 12 months

1 investment

Tracked investments

Team · 17 people

from the firm's website

Steve Koltes· Founding Director

Co-Founder and former Co-Chair of global private equity firm CVC, where he spent 34 years before stepping back in 2022. At Kaltroco he serves on the boards of several portfolio companies including Frontiers Media, Inait and Original Beans.

Cornou Rykaart· Chief Financial Officer· Cape Town, South Africa

Joined Kaltroco in 2021 responsible for financial management and reporting as well as sourcing and executing investments, having previously co-led a conservation and eco-tourism business in South Africa. Holds BCom degrees from the University of Pretoria.

Jean McNutt· Managing Director

Joined Kaltroco in 2014 and oversees day-to-day operations, compliance and governance, serving on the board and chairing the Investment Committee. Previously co-headed State Street Jersey's private equity operations.

Kenneth Hammond· Chief Investment Officer

Joined Kaltroco in 2017 to build its North American investing capability, bringing a track record from CVC Capital Partners with experience across healthcare, distribution, consumer and retail. Holds an MBA from Stanford and a degree from Yale.

Rhett McCraw· Managing Director

Joined Kaltroco in 2024 to source, evaluate and execute investments and support portfolio value creation, having previously led investing for a family-backed PE vehicle in South Carolina and worked at ExxonMobil. Holds an International MBA from the University of South Carolina.

Jason Dotzel· Vice President

Joined Kaltroco in 2026 to source, evaluate and execute investments and support portfolio value creation, previously an Associate at Pamlico Capital and earlier at Harris Williams. Holds an MBA from Wharton.

Kenny Nickens· Principal

Joined Kaltroco in 2024 to source, evaluate and execute investments and support portfolio value creation, previously a Vice President at Comvest Partners and earlier at Guggenheim Partners. Holds an MBA from Wharton.

Troy Koltes· Principal, Director

Joined Kaltroco as a Principal in 2023 focusing on value creation across the international portfolio, following ten years as a strategy consultant and Senior Manager at Bain & Company. Holds an M.Sc. from ETH Zurich and an MBA from Columbia.

Anna McMahon· Executive Administrator

Joined Kaltroco in 2024 as Executive Administrator, bringing over two decades of high-level support experience including ten years at CVC Capital Partners and eleven years at Mourant in Jersey.

Carl Hansen· Director, Chairman· Jersey

A Managing Director and Co-head of Jersey at CVC, based in the firm's Jersey office and a director of CVC entities since 2006. Previously headed the PE team at Mourant and State Street in Jersey; qualified as a South African and New Zealand lawyer.

Daniel Osheroff· Investment Associate

Joined Kaltroco in 2025 as a member of the investment team, having started his career in investment banking at Bank of America's healthcare coverage group. Holds a B.A. from Vanderbilt University.

Daniel Pilger· Associate

Joined Kaltroco in 2022 focusing on identifying and assessing investment opportunities, transaction execution and portfolio value creation, with prior investing experience at HIG Capital and M&A advisory at PwC. Holds an MSc in Accounting from the University of Colorado.

Jacqueline Richomme· Director

A solicitor with over 30 years' experience in investment funds and capital markets, formerly a partner at Mourant Ozannes and a Commissioner of the Jersey Financial Services Commission.

John Maxey· Director· Jersey

A Partner and Global Co-head of Operations at CVC Capital Partners based in Jersey, previously a partner and board member at Deloitte LLP. He has long advised private equity firms on structuring and transactions.

Maris Murphy· Business Development Coordinator

Joined Kaltroco in 2025 to lead outreach and marketing supporting US investment operations, having previously managed operations and marketing at real estate investment firms.

Rolly van Rappard· Director

Co-Founder and Co-Chair of global investment advisory firm CVC, which he joined in 1989 after working in corporate finance at Citicorp. Holds an MA from Columbia and an LLM from the University of Utrecht.

Sophie Kent· Chief Accountant

Joined Kaltroco in 2023 to oversee financial operations including reporting, budgeting and regulatory compliance, drawing on experience in family offices and corporate service providers. She is an ICAEW fellow.

What they invest in

from 19 of 29 portfolio companies

AI & Machine Learning ×6EdTech ×5Impact & Social Good ×5SaaS ×5FoodTech ×4Healthtech ×4B2B Marketplaces ×3Circular Economy ×3

HQs:Switzerland×3United States×3Norway×2Australia×1Germany×1India×1

Who they back

founder profiles across 12 portfolio companies

67%

solo founders

8 of 12 mapped founding teams

Founding team size:solo founder×82 founders×33 founders×1

Investments · 29 tracked

founders shown can be your intro path

Frontiersinfrontiersin.org in 𝕏✓ verified

Frontiers is an open access research publisher founded by neuroscientists that spans hundreds of academic disciplines and ranks among the most cited and largest research publishers globally.

AI & Machine LearningEdTechMedia & EntertainmentSaaSLausanne, CH

Kamila Markram(CEO and co-founder)inHenry Markram

Acutepeturgentcareacutepeturgentcare.com in

AcutePet Urgent Care operates outpatient urgent care clinics offering same-day and next-day emergency veterinary care for dogs and cats, treating conditions such as allergic reactions, digestive issues, wounds, and toxin ingestion.

HealthtechWellness & Fitness

Doug Hoffman(Co-founder)in David Sachs(Co-founder)inJohn D. Anastasio(Chief Medical Officer, DVM, DACVECC)in

Birdabirda.org in 𝕏

Birda is a birdwatching app that lets users log and identify birds using an AI-powered photo identification tool, an in-built species guide, and community help, alongside interactive maps of birding spots.

AI & Machine LearningConsumerSocial

John(Co-founder)Natalie(Co-founder)

Blastoneblastone.com in 𝕏

BlastOne sells industrial blasting and coating equipment, spare parts, and safety gear for industrial painters and surface preparation professionals.

Advanced ManufacturingConstruction TechHardwareNew MaterialsAdelaide, AU

Gar Gooden(Founder)

Capital Union Bankcapitalunionbank.com

Banking company based in the Bahamas.

CFeedcfeed.no in

C-Podz provides live Acartia tonsa copepod eggs as a natural feed for marine fish larvae in aquaculture operations.

AgTechFoodTechVanvikan, NO

Co-investorsBlue Revolution Investments G.P.

Circmarcircmar.com in

Circmar develops circular packaging solutions for the seafood industry.

Circular EconomyFoodTechNew MaterialsOslo, NO

Jørgen Lindeman(Driftsjef – Gründer)Espen Ramsbacher(Forretningsutvikling, innovasjon og Gründer)inEirik Flo(Daglig leder)in

Dave Cantin Groupdavecantingroup.com in 𝕏

DCG advises dealership groups and athletes on structuring business partnerships to strengthen market presence and community engagement.

AI & Machine LearningB2B MarketplacesEnterprise SoftwareSaaSSports Tech

Dave Cantin(Founder and Chief Executive Officer)in

Espri Gasesprigas.com in 𝕏

EspriGas provides gas supply using a data-driven network model, delivering products such as oxygen tanks for human and animal care, acetylene cylinders for welding and brazing, and nitrogen beer gas for restaurants.

B2B MarketplacesEnergyLogistics & Supply Chain

Mike Walshin

Co-investorsCouncil

Inaitinait.ai in

inait develops "Digital Brain" AI based on causal, brain-inspired learning that can learn cause and effect and accumulate cognitive skills in dynamic environments.

AI & Machine LearningDeep TechRobotics

Henry Markram(Founder)

Invigilatorinvigilator.app inSep 2025 · $11M

The Invigilator is a proctoring tool for online and non-venue assessments, offered via a mobile app and PC software, that uses AI to authenticate and flag suspicious activity, detect plagiarism, and assess the use of AI-generated content in student scripts.

AI & Machine LearningEdTechSaaS

Logosomalogosoma.de in

Logosoma operates speech therapy (logopädics) practices in Germany, handling administrative tasks and practice management so therapists can focus on patient care.

Digital HealthHealthtechSaaSWellness & Fitness

Fabian(Geschäftsführer (CEO))Nina(Leiterin Personal- und Praxisentwicklung (Head of HR and Practice Development))

Natooranatoora.com

Natoora sources and delivers fresh produce directly from small-scale growers to home cooks and restaurants, prioritizing flavor and sustainability over industrial agriculture.

B2B MarketplacesE-commerceFoodTechImpact & Social GoodMarketplacesLondon, US

Franco Fubini(Founder & CEO)

Newdayhealthcarenewdayhealthcare.com 𝕏

New Day Healthcare invests in home care and hospice businesses, providing capital and operational expertise from seasoned industry leaders to support patient-centered outcomes.

Data & InfrastructureDigital HealthHealthtechImpact & Social Good

G. Scott Herman(Late Founder & CEO)Phil Melugin(Founder & CEO, Phoenix Home Care & Hospice; Chief Value Officer, New Day Healthcare)Charissa Pollock(Co-Founder & Senior Vice President of Project Management)

Original Beansoriginalbeans.com in

Original Beans sources rare cacao beans from rainforests and produces craft chocolate using regenerative business practices.

Circular EconomyClimate TechConsumerFoodTechImpact & Social GoodBrussels, CH

Philipp

Smile America Partnerssmileamericapartners.com in

Smile America Partners operates mobile and portable dental clinics that deliver preventive oral healthcare services to underserved children in schools and communities.

Digital HealthHealthtechImpact & Social Good

Marcy Borofsky(Founder)in

Speakeasyincspeakeasyinc.com in

Speakeasy provides executive communication coaching and training services to organizations ranging from startups to Fortune 500 companies.

EdTechEnterprise SoftwareFuture of WorkHR Tech

Thesifythesify.ai in 𝕏

Thesify is an AI-powered writing assistant designed for academic institutions that helps students, researchers, and faculty with academic writing and research workflows while maintaining ethical standards and academic integrity.

AI & Machine LearningEdTechSaaSRenens, CH

Trashcontrashcon.in in 𝕏

TrashCon is a waste management technology company that provides automated solutions for municipal solid waste segregation and recycling.

Advanced ManufacturingCircular EconomyCleantechNew MaterialsRoboticsBangalore, IN

Nivedha R.M(Founder)in

Valenture Institutevalentureinstitute.com

Valenture Institute is an online education company that partners with universities and schools to offer fully-supported online high school programmes and pre-college certificates, including UCT Online High School delivering the CAPS curriculum for grades 8 to 12.

EdTechImpact & Social Good

Co-investorsGSV Ventures

Other

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

AcutePetFrontiersMaratabaNew DayNext Gen LearningNxglSpeakeasyThe InvigilatorVerdex

Portfolio news

latest coverage across their companies

Invigilator Raises $11M in Funding

Invigilator · finsmes.com · Oct 8, 2025

Frequently asked questions

How many investments has Kaltroco made?: Kaltroco has 29 tracked investments, including 1 dated in the last 24 months.
What stage does Kaltroco invest at?: Kaltroco invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does Kaltroco focus on?: Kaltroco focuses on Sector Agnostic.
Where is Kaltroco located?: Kaltroco is headquartered in St Helier, JE.
Does Kaltroco lead rounds?: Yes, Kaltroco leads investment rounds.
Who does Kaltroco co-invest with?: Kaltroco most often shares deals with Blue Revolution Investments G.P., Council, GSV Ventures, among 3 tracked co-investors.

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