I've invested in over 55 early stage companies. These are largely made up of deep product technology businesses, reflecting my skills and background.
Please note: If you would like to send me an investment proposition, you must read my investment criteria first before you get in touch.

Exited (with a return for shareholders)

Neul: Developed innovative and disruptive wireless network technology to enable the use of TV 'white space' spectrum. Sold in 2014 to Huawei for $25M

Ept Computing (NED): Acquired by Redgate Software in November 2009 for a 15+ multiple

Worksnug: Sold after 5 years, returning a small amount of cash to the investors

Cambridge CMOS Sensors (board observer): Sold with a 3X to 7X multiple to AMS.

The Outside View: Sold with a 1X to 2X multiple to Rightmove plc

Plumis and James and James Fulfilment where I am chair and a shareholder both won this award in 2016

Plumis and James and James Fulfilment where I am chair and a shareholder both won this award in 2016

Exited (with no return for shareholders)

I have several investment failures. All companies had had one or more rounds of investment and had not proven a good enough product or market fit for investors to continue supporting the loss-making businesses (the comments are my opinions):

Open Frontiers: SaaS front- and back-office software for theme parks.  Market adoption stalled. Insolvent closure

Phase Vision: High-end 3D scanning devices using a binocular camera to replace conventional 3D precision measuring machines.  Business model (large capex spend) failed. Solvent closure

Lumejet: The LumePress printer range delivered significant cost and quality advantages especially where documents are image intensive or where output quality is key.  Possibly too disruptive for a conservative industry. Insolvent closure

Proxly: Was a platform for businesses and developers to build mobile experiences powered by proximity and contextual relevance. Failed to monetise. Solvent closure

Captive Media: Despite building a 100+ portfolio of venues, DOOH (Digital Out of Home) advertising is not yet widely recognised as a medium by the industry.  A case of a startup that was too early; spent time/cash in educating the multiple stakeholders between brands and their potential consumers; was probably subscale and thus investors stopped funding. Various  exit options were investigated unsuccessfully. Solvent closure

alive and growing (I am a board director/OBSERVER of the seven in BOLD):