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Martlet Capital

Venture capital

Cambridge · Pre-Seed–Series A · 8 people tracked

Also known as Tayvin Shelf Company 2 Limited

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Investment thesis

Martlet Capital backs early-stage deep tech and life sciences B2B startups with high growth potential, providing patient capital alongside operational support, experience, and access to a network of contacts. Since launching in 2011 it has invested in more than 75 startups and achieved several exits via trade sales and IPOs. Having deployed its primary balance sheet fund, Martlet continues to support its existing portfolio with co-investment from EMV Capital, which now owns and manages its VC operations.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
Check
$317.5K
HQ
Cambridge, GB
Instruments
Equity
Founded
2011
Tracked investments
49

Team · 8 people

from the firm's website & public directories
Ilian Iliev· Director

Dr. Ilian Iliev serves as a Director at Martlet Capital.

Dr Iris Good· Advisor
Iris Good· Advisor

Dr Iris Good is an Advisor to Martlet Capital.

Robert Marshall· Non-Executive Chairmanin

Robert Marshall is the Non-Executive Chairman of Martlet Capital.

What they invest in

from 8 of 49 portfolio companies

AI & Machine Learning ×4Healthtech ×4Biotech ×3Hardware ×2Cleantech ×1Data & Infrastructure ×1Deep Tech ×1Enterprise Software ×1

HQs:United Kingdom×4United States×1

Investments · 49 tracked

founders shown can be your intro path

By year:2023 · 12020 · 12 dated

Abcamabcam.comMar 2020

Supplier of protein research tools to life scientists.

HealthtechCambridge

Peter Vance Allen(Director)Mara Glickman Aspinall(Director)Michael Shaun Baldock(Director)Louise Alexandra Virginia Charlotte Patten(Director)Giles Francis Bertram Kerr(Director)Jonathan Simon Milner(Director)

AI VIVOaivivo.co

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

AI & Machine LearningBiotech

AllFocal Optics - companyallfocaloptics.comin

FocusFree lenses for extended realities

Arachnysarachnys.comin

Solytics Partners provides risk management, financial crime and compliance (AML/CFT), data analytics, and ESG/climate risk services and technology to financial institutions such as banks, capital markets firms, and insurers.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechSaaS

Audio Analytic
Cambridge CMOS Sensors
CardioMEMScookiedatabase.org

Molecular diagnostics company offering clinical PCR systems using automation and microfluidics; acquired by QIAGEN in September 2020.

BiotechHealthtechAlbuquerque, US

Thomas Duensing(Executive Officer)Dennis Hynson(Executive Officer)Jack T. Ball(Director)J. Michael Schafer(Director)Janette Phi(Executive Officer)Bo E.H. Saxberg(Director)

Echion Technologiesechiontech.com
Exonate - companyexonate.comin𝕏

Vision loss treatment solutions

Flusso
Flussoltdflussoltd.comin
Frontier Developments

Video game developer and publisher.

Infinitopesinfinitopes.comin

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)

Kalium Health - companykaliumhealth.comin𝕏

Interview with CEO Tom Collings.

NoBACZ - companynobacz.comin

Develops patented antibiotic-free, biodegradable 'liquid bandages' for animal wound care that form a protective barrier over skin to block microbes, repel water, and support natural healing.

NU Quantum - companynu-quantum.com

Nu Quantum develops quantum networking solutions to enable commercial quantum computer scaling.

Deep TechHardwareQuantum ComputingCambridge, GB

Dr. Carmen Palacios-Berraquero(Founder and CEO)

NunaBio - companynunabio.comin

Specialist DNA development company that synthesizes complex DNA sequences at scale for pharmaceutical, biotech, and research clients.

OctaiPipe - companyoctaipipe.ai

Commercially viable federated ML solution for IoT fleet owners that reduces networking costs and keeps data private.

Oxford Space Systems - companyoxford.space

Enables lower launch costs and scalable capabilities for civil and defence space applications.

Paragraf - companyparagraf.comin𝕏Apr 2023

Graphene electronics company pioneering mass production of graphene-based devices.

Cambridgeshire

Simon Thomas(Chief Executive Officer of the issuer.)

Pencil Biosciences - companypencilbiosciences.comin

Developer of a novel gene modulation technology aimed at transforming gene editing for therapeutics and industrial biotechnology.

Porotechporotech.co.uk
Radiant Matter - companyradiantmatter.co

Cellulose-based sustainable colorants for fashion, cosmetics, and packaging.

Signaloid - companysignaloid.comin

Computing at the edge of probability; founded by Phillip Stanley-Marbell.

Sorex Sensors - companysorexsensors.com
Spectral Edge
Spotta - companyspotta.co

Innovation in pest control combined with sustainability.

Techsperttechspert.io

Techspert recruits life sciences and healthcare experts for qualitative and quantitative research projects, using AI-powered tools to automate interview scheduling, transcription, and data capture for market research firms and biotech companies.

AI & Machine LearningHealthtechMarketing Tech

Transparent Choice - companytransparentchoice.comin
Tripism - companytripism.ioin

Corporate travel platform using machine learning to make better recommendations.

Vantage Powervantage-power.comacquired by Allison Transmission

Vantage Power develops electrification and connectivity technologies for commercial and defense vehicles, including hybrid-retrofit systems for city buses, liquid-cooled lithium-ion battery packs, and the VPVision data connectivity and analytics platform.

CleantechHardwareIoTMobility & Transportation

Alexander Schey(Co-founder)Toby Schulz(Co-founder)

Xampla - companyxampla.comin

Cambridge materials science company pioneering plant protein-based alternatives to single-use plastics.

Exits · 1

IPOs and acquisitions across the tracked portfolio

Vantage Poweracq. by Allison Transmission

Principals & officers · per Companies House

what is this? ⓘ
Thomas Llewellyn Kalaris

Director · American,British · since 2025

Robert David Marshall

Director · British · since 2021

Michael James Murphy

Director · British · since 2021

Andreas Kurt Wenzel

Director · German · since 2026

Anvard Capital

Corporate director · since 2023

Ownership & control

Pm - Co-Invest - Martlet Limited25–50% of shares, 25–50% of voting rights

Frequently asked questions

What stage does Martlet Capital invest at?
Martlet Capital invests at the Pre-Seed, Seed, Series A stages.
What is Martlet Capital's typical check size?
Martlet Capital typically writes checks of $317.5K.
What sectors does Martlet Capital focus on?
Martlet Capital focuses on Biotech, Consumer, Data & Infrastructure, Deep Tech, Enterprise Software, Hardware, Healthtech, IoT, Medical Devices, New Materials, Retail Tech, SaaS, Sector Agnostic, Semiconductors.
Where is Martlet Capital located?
Martlet Capital is headquartered in Cambridge, GB.

Images

Martlet Capital photo

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