What stage does Sturgeon Capital invest at?

Sturgeon Capital invests at the Pre-Seed, Seed, Series A, Growth stages.

What is Sturgeon Capital's typical check size?

Sturgeon Capital typically writes checks of $150K – $17M.

What sectors does Sturgeon Capital focus on?

Sturgeon Capital focuses on AgTech, E-commerce, EdTech, Energy, Enterprise Software, Fintech, Medical Devices, Retail Tech, SaaS.

Where is Sturgeon Capital located?

Sturgeon Capital is headquartered in London, GB.

Sturgeon Capital

Venture capital

London · Pre-Seed–Growth · 5 people tracked

Also known as Sturgeon Capital Gfm Ltd

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Find your way into Sturgeon Capital

1,402 people in our graph share verified history with the Sturgeon Capital team — schools, employers, funds. One of them is your warm intro.

Alex Tranunlockedknows Saad Hasan · together at Morgan Stanley (overlapped)

×2knows the team · via Morgan Stanley

×2knows the team · via The London School of Economics and Political Science (LSE)

×4knows the team · via University of Exeter

×2knows the team · via Cambridge Associates

knows the team · via JLL

✨ Fox Verdict

Investment thesis

Sturgeon Capital focuses on investing in founding teams building transformative businesses across emerging markets.

Source: firm website, verified Aug 3, 2026.

Stage

Pre-Seed–Growth

Check

$150K – $17M

London, GB

Instruments

Equity

Founded

2010

AUM

$35M

Net assets · FY2025

$356.2K

Tracked investments

Acquisitions

Team · 5 people

from curated & public directories

Robin Butler· Partner· Greater Bostonin

Robin Butler is a Partner at Sturgeon Capital, a London-headquartered investment firm focused on emerging markets that manages over $300m in assets across private equity and venture capital strategies. He leads the firm's venture capital team, investing in early-stage companies in Emerging Asia. Sturgeon Capital's investors include the IFC, SBI Holdings, and Chevron.

r•••@sturgeoncapital.comreveal

Saad Hasan· Principal· Karāchi, Sindh, Pakistanin

Saad Hasan is Principal and South Asia Lead at Sturgeon Capital, a firm with over $300 million in assets under management that invests in technology companies operating in and for frontier markets. He focuses on fintech and embedded finance, B2B supply chain and logistics, and physical AI, with portfolio companies including Abhi, Smartlane, DealCart, and Zip24. His work includes backing founders across South Asia, particularly in Pakistan.

s•••@sturgeoncapital.comreveal

Kiyan Zandiyeh· CIO

k•••@sturgeoncapital.comreveal

Steve Chaves· COO

s•••@sturgeoncapital.comreveal

Alex Branton· Advisor· United Kingdomin

Chief Investment Officer of Nodem Capital and previously with Cambridge Associates. He regularly contributes commentary on NAV financing and portfolio-backed liquidity solutions to industry publications and podcasts.

a•••@nodem.comreveal

What they invest in

from 3 of 4 portfolio companies

Media & Entertainment ×2SaaS ×2AdTech ×1E-commerce ×1Fintech ×1Future of Work ×1Gaming ×1HR Tech ×1

HQs:United States×2Vietnam×1

Investments · 4 tracked

founders shown can be your intro path

By year:2025 · 3 2024 · 14 dated

DealCartdealcart.io in 𝕏Jul 2024 · $3M

Xoilac TV is a Vietnamese website that streams live football matches for free, covering domestic and international leagues along with other sports.

E-commerceFintechMarketplacesMedia & Entertainment

Ammar Naveed(Founder)in Haider Raza(Founder)in Fazel Rehman inSyed Raza Tanzila Asim Zafar inUsman Dealcart

Co-investors500 Global Amaana Capital Fatima Gobi Ventures Gobi Partners Shorooq Partners i2i Ventures +2 more

Kiklikokikliko.com inApr 2025 · $1.2M

Kikliko operates KLIPY, a service that lets digital platforms integrate a library of GIFs, memes, stickers, and clips with embedded programmatic ads to increase user engagement and generate ad revenue.

AdTechGamingMedia & EntertainmentSaaSSocialSan Francisco, US

Co-investorsPresto Ventures

PeopleForcepeopleforce.io in 𝕏Apr 2025 · $5.4M

PeopleForce is an HRMS platform that enables companies to manage employee goals, performance reviews, recruitment, leave requests, and development plans through customizable workflows and automated processes.

Future of WorkHR TechSaaS

Andrew Cetinic(Founder)in

Co-investorsChicago Ventures Dnipro RLC Ventures u.ventures

Other

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

Gfycat

Portfolio news

latest coverage across their companies

PeopleForce Raises €5M+ — piraiee

PeopleForce · piraiee.com · Apr 20, 2025

KLIPY raises $1.2M Seed to monetise GIFs, stickers, and memes - Tech.eu

Gfycat · tech.eu · Apr 3, 2025

KLIPY raises $1.2M Seed to monetise GIFs, stickers, and memes - Tech.eu

Kikliko · tech.eu · Apr 3, 2025

Principals & officers · per Companies House

what is this? ⓘ

Clemente Cappello

Director · Italian · since 2011

Mustafa Nuri Toker

Director · British · since 2026

Ownership & control

Evren Ucok — 25–50% of shares, 25–50% of voting rights

Kiyan Zandiyeh — 25–50% of shares, 25–50% of voting rights

Frequently asked questions

What stage does Sturgeon Capital invest at?: Sturgeon Capital invests at the Pre-Seed, Seed, Series A, Growth stages.
What is Sturgeon Capital's typical check size?: Sturgeon Capital typically writes checks of $150K – $17M.
What sectors does Sturgeon Capital focus on?: Sturgeon Capital focuses on AgTech, E-commerce, EdTech, Energy, Enterprise Software, Fintech, Medical Devices, Retail Tech, SaaS.
Where is Sturgeon Capital located?: Sturgeon Capital is headquartered in London, GB.

Media · Podcasts & interviews

featuring the team

Ep. 14 - State of Emerging Markets with Robin Butler, Partner at Sturgeon Capital

Big Sky Capital VC · Robin Butler

#29 | Robin Butler, Sturgeon Capital: Venture Capital Strategies in Emerging Markets

nFactorial Podcast · Robin Butler

Robin Butler- Sturgeon Capital- speaks to NICL

NICL SolveTogether · Robin Butler

Startup Talks Ep. 49 | Robin Butler | Sturgeon Capital | Venture Capital | Startup Investment

Startup Talks · Robin Butler

Images

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