Kelvin Capital

Founded in 2009, Kelvin Capital is a venture capital firm based in Glasgow, UK. It invests in revenue-generating growth companies with high potential returns, providing both capital and support to enable businesses to reach their full potential.

Susie Fisher

Investment Director

Angus Hay

Director

Gary Weir

Investment Analyst

Past deals in Scotland

Biotangents

Venture Round in 2024
Biotangents Ltd. is a biotechnology company based in Glasgow, United Kingdom, specializing in the design and construction of biological pathways to produce desirable natural materials. Founded in 2015, Biotangents utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from multiple DNA components. The company has developed notable technologies such as Short Sequence Randomisation and Moduleic Sensing, the latter of which focuses on modular cell-free nucleic acid detection. Biotangents is also engaged in creating a veterinary diagnostic device aimed at detecting various infectious diseases in livestock. This device utilizes isothermal amplification technology, allowing for precise molecular detection without extensive technical requirements, and can be swiftly adapted to target new pathogens. Through its innovations, Biotangents strives to mitigate the impact of infectious diseases in livestock, enabling more efficient production of animal protein.

Novosound

Venture Round in 2024
Novosound Ltd, founded in 2016 and based in Edinburgh, United Kingdom, specializes in the design and manufacture of innovative ultrasound sensors that address the limitations of traditional technology. As the first spin-out from the University of the West of Scotland, Novosound employs groundbreaking thin-film manufacturing techniques to create highly customizable and scalable ultrasound solutions. The company’s products are utilized across various sectors, including aerospace, oil and gas, industrial applications, as well as in medical, veterinary, and dental fields. By developing advanced imaging sensors, systems, and software, Novosound enhances high-resolution ultrasound imaging, thereby providing clients with improved capabilities in non-destructive testing and diagnostics.

Ingenious Audio

Venture Round in 2023
Ingenious Audio Ltd is a Scottish company based in Edinburgh, specializing in the design and manufacture of audio electronics. Founded in 2010, the company is known for its innovative product, the invisible guitar cable. This compact plug-in device transforms traditional analogue audio products, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. By enabling wireless connections for existing guitars and amplifiers, Ingenious Audio allows users to utilize wireless effect pedals for the first time. The system facilitates seamless connections to Wi-Fi-enabled PCs, eliminating the need for costly recording and audio effects equipment while enabling users to share audio over the internet.

Novosound

Venture Round in 2022
Novosound Ltd, founded in 2016 and based in Edinburgh, United Kingdom, specializes in the design and manufacture of innovative ultrasound sensors that address the limitations of traditional technology. As the first spin-out from the University of the West of Scotland, Novosound employs groundbreaking thin-film manufacturing techniques to create highly customizable and scalable ultrasound solutions. The company’s products are utilized across various sectors, including aerospace, oil and gas, industrial applications, as well as in medical, veterinary, and dental fields. By developing advanced imaging sensors, systems, and software, Novosound enhances high-resolution ultrasound imaging, thereby providing clients with improved capabilities in non-destructive testing and diagnostics.

Snappy Shopper

Venture Round in 2022
Snappy Shopper Ltd is an online food and grocery delivery service based in Dundee, United Kingdom, founded in 2017. The company specializes in offering a diverse range of products, including groceries, beverages, snacks, household items, baby care products, pet food, and magazines. Snappy Shopper partners with local convenience stores, allowing customers to order items from their inventories and receive deliveries in as little as 30 minutes. The platform promotes contact-free and same-day delivery, which has helped it gain popularity among consumers, amassing over 105,000 users. Customers typically spend an average of £27 per order, significantly higher than the average spend in traditional convenience stores. The service collaborates with well-known brands such as SPAR, Nisa, Co-Op, and Premier, alongside hundreds of independent retailers, providing an additional sales channel for these businesses. Top-performing stores on the platform can achieve home delivery retail sales exceeding £10,000 per week.

Biotangents

Venture Round in 2022
Biotangents Ltd. is a biotechnology company based in Glasgow, United Kingdom, specializing in the design and construction of biological pathways to produce desirable natural materials. Founded in 2015, Biotangents utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from multiple DNA components. The company has developed notable technologies such as Short Sequence Randomisation and Moduleic Sensing, the latter of which focuses on modular cell-free nucleic acid detection. Biotangents is also engaged in creating a veterinary diagnostic device aimed at detecting various infectious diseases in livestock. This device utilizes isothermal amplification technology, allowing for precise molecular detection without extensive technical requirements, and can be swiftly adapted to target new pathogens. Through its innovations, Biotangents strives to mitigate the impact of infectious diseases in livestock, enabling more efficient production of animal protein.

Snappy Shopper

Series A in 2021
Snappy Shopper Ltd is an online food and grocery delivery service based in Dundee, United Kingdom, founded in 2017. The company specializes in offering a diverse range of products, including groceries, beverages, snacks, household items, baby care products, pet food, and magazines. Snappy Shopper partners with local convenience stores, allowing customers to order items from their inventories and receive deliveries in as little as 30 minutes. The platform promotes contact-free and same-day delivery, which has helped it gain popularity among consumers, amassing over 105,000 users. Customers typically spend an average of £27 per order, significantly higher than the average spend in traditional convenience stores. The service collaborates with well-known brands such as SPAR, Nisa, Co-Op, and Premier, alongside hundreds of independent retailers, providing an additional sales channel for these businesses. Top-performing stores on the platform can achieve home delivery retail sales exceeding £10,000 per week.

Biotangents

Venture Round in 2021
Biotangents Ltd. is a biotechnology company based in Glasgow, United Kingdom, specializing in the design and construction of biological pathways to produce desirable natural materials. Founded in 2015, Biotangents utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from multiple DNA components. The company has developed notable technologies such as Short Sequence Randomisation and Moduleic Sensing, the latter of which focuses on modular cell-free nucleic acid detection. Biotangents is also engaged in creating a veterinary diagnostic device aimed at detecting various infectious diseases in livestock. This device utilizes isothermal amplification technology, allowing for precise molecular detection without extensive technical requirements, and can be swiftly adapted to target new pathogens. Through its innovations, Biotangents strives to mitigate the impact of infectious diseases in livestock, enabling more efficient production of animal protein.

Ingenious Audio

Venture Round in 2020
Ingenious Audio Ltd is a Scottish company based in Edinburgh, specializing in the design and manufacture of audio electronics. Founded in 2010, the company is known for its innovative product, the invisible guitar cable. This compact plug-in device transforms traditional analogue audio products, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. By enabling wireless connections for existing guitars and amplifiers, Ingenious Audio allows users to utilize wireless effect pedals for the first time. The system facilitates seamless connections to Wi-Fi-enabled PCs, eliminating the need for costly recording and audio effects equipment while enabling users to share audio over the internet.

Novosound

Venture Round in 2019
Novosound Ltd, founded in 2016 and based in Edinburgh, United Kingdom, specializes in the design and manufacture of innovative ultrasound sensors that address the limitations of traditional technology. As the first spin-out from the University of the West of Scotland, Novosound employs groundbreaking thin-film manufacturing techniques to create highly customizable and scalable ultrasound solutions. The company’s products are utilized across various sectors, including aerospace, oil and gas, industrial applications, as well as in medical, veterinary, and dental fields. By developing advanced imaging sensors, systems, and software, Novosound enhances high-resolution ultrasound imaging, thereby providing clients with improved capabilities in non-destructive testing and diagnostics.

Snappy Shopper

Seed Round in 2019
Snappy Shopper Ltd is an online food and grocery delivery service based in Dundee, United Kingdom, founded in 2017. The company specializes in offering a diverse range of products, including groceries, beverages, snacks, household items, baby care products, pet food, and magazines. Snappy Shopper partners with local convenience stores, allowing customers to order items from their inventories and receive deliveries in as little as 30 minutes. The platform promotes contact-free and same-day delivery, which has helped it gain popularity among consumers, amassing over 105,000 users. Customers typically spend an average of £27 per order, significantly higher than the average spend in traditional convenience stores. The service collaborates with well-known brands such as SPAR, Nisa, Co-Op, and Premier, alongside hundreds of independent retailers, providing an additional sales channel for these businesses. Top-performing stores on the platform can achieve home delivery retail sales exceeding £10,000 per week.

Biotangents

Series A in 2019
Biotangents Ltd. is a biotechnology company based in Glasgow, United Kingdom, specializing in the design and construction of biological pathways to produce desirable natural materials. Founded in 2015, Biotangents utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from multiple DNA components. The company has developed notable technologies such as Short Sequence Randomisation and Moduleic Sensing, the latter of which focuses on modular cell-free nucleic acid detection. Biotangents is also engaged in creating a veterinary diagnostic device aimed at detecting various infectious diseases in livestock. This device utilizes isothermal amplification technology, allowing for precise molecular detection without extensive technical requirements, and can be swiftly adapted to target new pathogens. Through its innovations, Biotangents strives to mitigate the impact of infectious diseases in livestock, enabling more efficient production of animal protein.

ScotBio

Venture Round in 2018
ScotBio is a Scotland-based biotechnology company that grows algae indoors in closed, hygienic vessels to produce natural, clean-label ingredients for food, beverage, nutrition, textiles, cosmetics, and pharmaceuticals. The company develops natural blue pigments, carotenoids and alternative protein from spirulina, and its blue extract is manufactured in stainless steel reactors for use as a food colorant and as an additive for alcoholic beverages, as well as a healthy ingredient in pet food formulations.

Clear Surgical

Seed Round in 2018
Clear Surgical Ltd is a medical device company founded in 2013 and based in Larbert, United Kingdom. The company specializes in the design, manufacture, and sale of innovative surgical devices aimed at enhancing surgical procedures. Its flagship product, The Oplight, utilizes LED technology to illuminate surgical cavities, improving visibility during open cavity surgeries. Additionally, Clear Surgical offers Cannulated Reduction Forceps, which integrate a guidance system to facilitate optimal implant placement in orthopedic procedures. By focusing on advancements in medical technology, Clear Surgical aims to enhance surgical efficiency and improve clinical outcomes for healthcare providers.

Novosound

Venture Round in 2018
Novosound Ltd, founded in 2016 and based in Edinburgh, United Kingdom, specializes in the design and manufacture of innovative ultrasound sensors that address the limitations of traditional technology. As the first spin-out from the University of the West of Scotland, Novosound employs groundbreaking thin-film manufacturing techniques to create highly customizable and scalable ultrasound solutions. The company’s products are utilized across various sectors, including aerospace, oil and gas, industrial applications, as well as in medical, veterinary, and dental fields. By developing advanced imaging sensors, systems, and software, Novosound enhances high-resolution ultrasound imaging, thereby providing clients with improved capabilities in non-destructive testing and diagnostics.

Biotangents

Seed Round in 2018
Biotangents Ltd. is a biotechnology company based in Glasgow, United Kingdom, specializing in the design and construction of biological pathways to produce desirable natural materials. Founded in 2015, Biotangents utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from multiple DNA components. The company has developed notable technologies such as Short Sequence Randomisation and Moduleic Sensing, the latter of which focuses on modular cell-free nucleic acid detection. Biotangents is also engaged in creating a veterinary diagnostic device aimed at detecting various infectious diseases in livestock. This device utilizes isothermal amplification technology, allowing for precise molecular detection without extensive technical requirements, and can be swiftly adapted to target new pathogens. Through its innovations, Biotangents strives to mitigate the impact of infectious diseases in livestock, enabling more efficient production of animal protein.

Pyreos

Venture Round in 2018
Pyreos Limited is a UK-based company specializing in the development of infrared sensor array products. Founded in 2007 and headquartered in Edinburgh, Pyreos utilizes patented thin film pyro-electric ceramic technology to create a range of infrared sensors applicable in various fields. The company's product offerings include bare die arrays, packaged components, and custom arrays designed for motion and occupancy detection, flame detection, people counting, gas analysis, spectroscopy, and infrared camera applications. Pyreos focuses on three primary markets—food safety, gas detection, and fuel/oil condition monitoring—where its compact and high-performance sensors operate in the mid-infrared spectrum, allowing for precise identification of material molecular compositions.

Biotangents

Seed Round in 2017
Biotangents Ltd. is a biotechnology company based in Glasgow, United Kingdom, specializing in the design and construction of biological pathways to produce desirable natural materials. Founded in 2015, Biotangents utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from multiple DNA components. The company has developed notable technologies such as Short Sequence Randomisation and Moduleic Sensing, the latter of which focuses on modular cell-free nucleic acid detection. Biotangents is also engaged in creating a veterinary diagnostic device aimed at detecting various infectious diseases in livestock. This device utilizes isothermal amplification technology, allowing for precise molecular detection without extensive technical requirements, and can be swiftly adapted to target new pathogens. Through its innovations, Biotangents strives to mitigate the impact of infectious diseases in livestock, enabling more efficient production of animal protein.

ScotBio

Seed Round in 2017
ScotBio is a Scotland-based biotechnology company that grows algae indoors in closed, hygienic vessels to produce natural, clean-label ingredients for food, beverage, nutrition, textiles, cosmetics, and pharmaceuticals. The company develops natural blue pigments, carotenoids and alternative protein from spirulina, and its blue extract is manufactured in stainless steel reactors for use as a food colorant and as an additive for alcoholic beverages, as well as a healthy ingredient in pet food formulations.

Clear Surgical

Venture Round in 2016
Clear Surgical Ltd is a medical device company founded in 2013 and based in Larbert, United Kingdom. The company specializes in the design, manufacture, and sale of innovative surgical devices aimed at enhancing surgical procedures. Its flagship product, The Oplight, utilizes LED technology to illuminate surgical cavities, improving visibility during open cavity surgeries. Additionally, Clear Surgical offers Cannulated Reduction Forceps, which integrate a guidance system to facilitate optimal implant placement in orthopedic procedures. By focusing on advancements in medical technology, Clear Surgical aims to enhance surgical efficiency and improve clinical outcomes for healthcare providers.

Ingenious Audio

Venture Round in 2015
Ingenious Audio Ltd is a Scottish company based in Edinburgh, specializing in the design and manufacture of audio electronics. Founded in 2010, the company is known for its innovative product, the invisible guitar cable. This compact plug-in device transforms traditional analogue audio products, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. By enabling wireless connections for existing guitars and amplifiers, Ingenious Audio allows users to utilize wireless effect pedals for the first time. The system facilitates seamless connections to Wi-Fi-enabled PCs, eliminating the need for costly recording and audio effects equipment while enabling users to share audio over the internet.

Clear Surgical

Venture Round in 2015
Clear Surgical Ltd is a medical device company founded in 2013 and based in Larbert, United Kingdom. The company specializes in the design, manufacture, and sale of innovative surgical devices aimed at enhancing surgical procedures. Its flagship product, The Oplight, utilizes LED technology to illuminate surgical cavities, improving visibility during open cavity surgeries. Additionally, Clear Surgical offers Cannulated Reduction Forceps, which integrate a guidance system to facilitate optimal implant placement in orthopedic procedures. By focusing on advancements in medical technology, Clear Surgical aims to enhance surgical efficiency and improve clinical outcomes for healthcare providers.

i2eye Diagnostics

Venture Round in 2015
i2Eye Diagnostics Limited is a company based in Edinburgh, United Kingdom, specializing in innovative ophthalmic medical devices. Founded in 2010 as a spin-out from the University of Edinburgh and the Edinburgh BioQuarter, the company focuses on developing Saccadic Vector Optokinetic Perimetry (SVOP) visual field analyzers. These advanced devices are designed to assess instinctive responses to light and movement, making them particularly valuable in pediatric and neuro-ophthalmology settings. i2Eye's technology enables comprehensive visual field testing for children and the elderly, populations that are often challenging to evaluate using traditional methods. The SVOP products incorporate 3D eye tracking, allowing patients to move their heads, eyes, and bodies freely during testing, which enhances the accuracy and comfort of the examination process.

Mochridhe

Venture Round in 2015
Mochridhe Limited is a provider of disabled care services based in Glasgow, United Kingdom, established in 2005. The company specializes in delivering personalized living and social support tailored to the unique needs of individuals, including both adults and children. Mochridhe enables clients to organize and plan their own support through individual budgets, offering a range of services such as short breaks, respite care, and assistance for families. With a focus on person-centered and outcome-focused care, Mochridhe supports individuals in their own homes or dedicated living facilities, facilitating community participation, work, education, and companionship.

Bedi OralCare

Seed Round in 2014
Bedi OralCare Limited is a manufacturer of specialized dental products aimed at enhancing oral health for young children, individuals with disabilities, and dementia sufferers. Founded in 2013 and based in Edinburgh, United Kingdom, the company focuses on creating accessible solutions for dental care. Its flagship product, Dental Shield, assists health professionals in conducting examinations and routine procedures, while the Bedi Tray enables dental impressions to be taken from preschool children without the need for restraint. Bedi OralCare is committed to improving the quality of life and well-being of its patients by facilitating essential dental activities such as brushing, denture cleaning, and dental checks, ultimately aiming to promote better oral health for all.

Bedi OralCare

Seed Round in 2013
Bedi OralCare Limited is a manufacturer of specialized dental products aimed at enhancing oral health for young children, individuals with disabilities, and dementia sufferers. Founded in 2013 and based in Edinburgh, United Kingdom, the company focuses on creating accessible solutions for dental care. Its flagship product, Dental Shield, assists health professionals in conducting examinations and routine procedures, while the Bedi Tray enables dental impressions to be taken from preschool children without the need for restraint. Bedi OralCare is committed to improving the quality of life and well-being of its patients by facilitating essential dental activities such as brushing, denture cleaning, and dental checks, ultimately aiming to promote better oral health for all.

Clear Surgical

Seed Round in 2013
Clear Surgical Ltd is a medical device company founded in 2013 and based in Larbert, United Kingdom. The company specializes in the design, manufacture, and sale of innovative surgical devices aimed at enhancing surgical procedures. Its flagship product, The Oplight, utilizes LED technology to illuminate surgical cavities, improving visibility during open cavity surgeries. Additionally, Clear Surgical offers Cannulated Reduction Forceps, which integrate a guidance system to facilitate optimal implant placement in orthopedic procedures. By focusing on advancements in medical technology, Clear Surgical aims to enhance surgical efficiency and improve clinical outcomes for healthcare providers.

Ingenious Audio

Venture Round in 2013
Ingenious Audio Ltd is a Scottish company based in Edinburgh, specializing in the design and manufacture of audio electronics. Founded in 2010, the company is known for its innovative product, the invisible guitar cable. This compact plug-in device transforms traditional analogue audio products, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. By enabling wireless connections for existing guitars and amplifiers, Ingenious Audio allows users to utilize wireless effect pedals for the first time. The system facilitates seamless connections to Wi-Fi-enabled PCs, eliminating the need for costly recording and audio effects equipment while enabling users to share audio over the internet.

Ingenious Audio

Seed Round in 2011
Ingenious Audio Ltd is a Scottish company based in Edinburgh, specializing in the design and manufacture of audio electronics. Founded in 2010, the company is known for its innovative product, the invisible guitar cable. This compact plug-in device transforms traditional analogue audio products, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. By enabling wireless connections for existing guitars and amplifiers, Ingenious Audio allows users to utilize wireless effect pedals for the first time. The system facilitates seamless connections to Wi-Fi-enabled PCs, eliminating the need for costly recording and audio effects equipment while enabling users to share audio over the internet.
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