Best year to date
Record year for Kelvin Capital investment syndicate
Kelvin team (left to right): John McNicol (Director), Lynn Hall (Portfolio Relations Manager), Susie Fisher (Investor Relations Manager) and Angus Hay (Director)
Glasgow based investment syndicate Kelvin Capital has moved into its tenth year of business by completing its biggest investment year.
A total of £10.5 million was invested across nine businesses in its portfolio in 2018, made up by eight follow on investments and one new investment.
The portfolio covers sectors including internet and app technology, biotech, life sciences and electronic manufacturing and medical technologies as it continues to support disruptive technologies with global ambitions.
Since its formation in 2009, Kelvin Capital has secured almost £30.2m in investment for its portfolio companies, made up from its syndicate members’ money, plus co-investment from others. The investment group, which was launched by John McNicol, now has more than 200 UK wide members.
Mr McNicol said: “2018 was a particularly strong investment year which saw the Kelvin Capital syndicate invest at record levels. The reputation of Kelvin Capital is also reaching across the whole of the UK, and overseas, with ambitious companies now approaching us seeking our investment and expertise.
“For any new investment, we are looking to support companies with international growth potential which are already revenue generating, or have commercial traction and are close to being revenue generating.”
2018’s follow-on investments:
Biotangents: – a company that develops DNA manipulation technologies
Clear Surgical: – develops new innovations by collaborating with surgeons to research and develop and bring novel healthcare solutions to market.
QED Naval: – focused on the development of the marine renewable energy industry and the vessel requirements for deployment of offshore wind, wave and tidal devices.
Pyreos: – the world’s only thin film pyroelectric sensor supplier operating in the growing market for advanced infrared sensor technology in gas detection, motion sensing and spectroscopic analysis.
miDrive: – an established leader in taking the learn to drive market online, and disrupting the £10bn market for first-time driving and insurance
ScotBio: – a biotech company that has developed a patented, vessel-based process to respond to worldwide demand for ‘clean labels’ and products free of artificial colours by providing FMCG’s with traceable, natural blue and green colourants.
Sofant: – a business that has developed inherently low cost, low power and high performance smart antenna™ technology.
Chromacity: – an Edinburgh based company who are changing the world if ultrafast lasers for scientific research and industry.
2018’s new investment:
Novosound: – developed and patented a ground-breaking technique to mass-manufacture printable ultrasound sensors