Kelvin Capital

Kelvin Capital, founded in 2009, specializes in venture capital investments in revenue-generating growth companies, focusing on startups and young businesses that show significant potential for expansion and returns. The firm has raised over £24 million across 22 portfolio companies, targeting those with at least £1 million in revenue and a capable team. By providing both financial investment and strategic support, Kelvin Capital aims to help these companies realize their full potential. The team, with over 30 years of combined experience in nurturing new businesses, leverages extensive networks to facilitate growth and enhance the visibility of their portfolio companies. As a partner of the Scottish Enterprise Co-Investment Fund, Kelvin Capital is committed to actively promoting its portfolio through various channels, including its website and social media, to raise awareness and build profiles for the businesses it supports.

Susie Fisher

Investment Director

Angus Hay

Director

Past deals in Electronics

Aurora Avionics

Seed Round in 2025
Aurora Avionics is a manufacturer focused on air and spacecraft, particularly in the development of launch vehicles. The company specializes in creating flexible and modular avionics platforms, which include essential electrical systems for flight and fault-tolerant hardware. Aurora Avionics aims to provide standardized and universal control systems, facilitating procurement for space agencies and enhancing the efficiency of launch-vehicle development.

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.

Chromacity

Seed Round in 2024
Chromacity Ltd. is a company based in Edinburgh, United Kingdom, specializing in the development, manufacturing, and distribution of wavelength tunable femtosecond lasers. Founded as a spin-out from Heriot-Watt University in 2013, it boasts a founding team with over 40 years of experience in ultrafast lasers. Chromacity's product lineup includes several advanced lasers such as the Spark 1030-nm and Spark-HP 1040-nm femtosecond lasers, designed for life sciences and spectroscopy applications. The company also offers Spark-X and Spark-OPO models, which provide tunable femtosecond pulses across various wavelengths for applications in two-photon stimulation and spectroscopy, respectively. Their robust, patent-pending fiber-laser technology ensures reliable performance, complemented by a user-friendly web-based interface for easy operation. In addition to standard products, Chromacity collaborates with systems manufacturers to create custom OEM femtosecond and picosecond lasers tailored for specific engineering and materials processing needs. The company serves a global customer base across North America, the UK, and the Middle East.

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.

Chromacity

Venture Round in 2021
Chromacity Ltd. is a company based in Edinburgh, United Kingdom, specializing in the development, manufacturing, and distribution of wavelength tunable femtosecond lasers. Founded as a spin-out from Heriot-Watt University in 2013, it boasts a founding team with over 40 years of experience in ultrafast lasers. Chromacity's product lineup includes several advanced lasers such as the Spark 1030-nm and Spark-HP 1040-nm femtosecond lasers, designed for life sciences and spectroscopy applications. The company also offers Spark-X and Spark-OPO models, which provide tunable femtosecond pulses across various wavelengths for applications in two-photon stimulation and spectroscopy, respectively. Their robust, patent-pending fiber-laser technology ensures reliable performance, complemented by a user-friendly web-based interface for easy operation. In addition to standard products, Chromacity collaborates with systems manufacturers to create custom OEM femtosecond and picosecond lasers tailored for specific engineering and materials processing needs. The company serves a global customer base across North America, the UK, and the Middle East.

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.

Chromacity

Seed Round in 2018
Chromacity Ltd. is a company based in Edinburgh, United Kingdom, specializing in the development, manufacturing, and distribution of wavelength tunable femtosecond lasers. Founded as a spin-out from Heriot-Watt University in 2013, it boasts a founding team with over 40 years of experience in ultrafast lasers. Chromacity's product lineup includes several advanced lasers such as the Spark 1030-nm and Spark-HP 1040-nm femtosecond lasers, designed for life sciences and spectroscopy applications. The company also offers Spark-X and Spark-OPO models, which provide tunable femtosecond pulses across various wavelengths for applications in two-photon stimulation and spectroscopy, respectively. Their robust, patent-pending fiber-laser technology ensures reliable performance, complemented by a user-friendly web-based interface for easy operation. In addition to standard products, Chromacity collaborates with systems manufacturers to create custom OEM femtosecond and picosecond lasers tailored for specific engineering and materials processing needs. The company serves a global customer base across North America, the UK, and the Middle East.

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.

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.

Chromacity

Seed Round in 2017
Chromacity Ltd. is a company based in Edinburgh, United Kingdom, specializing in the development, manufacturing, and distribution of wavelength tunable femtosecond lasers. Founded as a spin-out from Heriot-Watt University in 2013, it boasts a founding team with over 40 years of experience in ultrafast lasers. Chromacity's product lineup includes several advanced lasers such as the Spark 1030-nm and Spark-HP 1040-nm femtosecond lasers, designed for life sciences and spectroscopy applications. The company also offers Spark-X and Spark-OPO models, which provide tunable femtosecond pulses across various wavelengths for applications in two-photon stimulation and spectroscopy, respectively. Their robust, patent-pending fiber-laser technology ensures reliable performance, complemented by a user-friendly web-based interface for easy operation. In addition to standard products, Chromacity collaborates with systems manufacturers to create custom OEM femtosecond and picosecond lasers tailored for specific engineering and materials processing needs. The company serves a global customer base across North America, the UK, and the Middle East.

Chromacity

Seed Round in 2015
Chromacity Ltd. is a company based in Edinburgh, United Kingdom, specializing in the development, manufacturing, and distribution of wavelength tunable femtosecond lasers. Founded as a spin-out from Heriot-Watt University in 2013, it boasts a founding team with over 40 years of experience in ultrafast lasers. Chromacity's product lineup includes several advanced lasers such as the Spark 1030-nm and Spark-HP 1040-nm femtosecond lasers, designed for life sciences and spectroscopy applications. The company also offers Spark-X and Spark-OPO models, which provide tunable femtosecond pulses across various wavelengths for applications in two-photon stimulation and spectroscopy, respectively. Their robust, patent-pending fiber-laser technology ensures reliable performance, complemented by a user-friendly web-based interface for easy operation. In addition to standard products, Chromacity collaborates with systems manufacturers to create custom OEM femtosecond and picosecond lasers tailored for specific engineering and materials processing needs. The company serves a global customer base across North America, the UK, and the Middle East.

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.

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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