Braveheart Investment Group

Braveheart Investment Group plc is a private equity and venture capital firm established in 1997 and headquartered in Barnsley, United Kingdom, with additional offices in Europe and Asia. The company specializes in investing in unquoted emerging companies, focusing on sectors such as technology, manufacturing, food and drink, healthcare, and environmental technologies. It targets small and medium enterprises primarily in the UK and Ireland, with a preference for the Yorkshire and Humber region. Braveheart typically invests between £0.010 million and £10 million, often taking minority stakes and holding investments for two to five years. The firm also provides advisory services and has developed strong relationships with universities and science parks to support its portfolio companies. With a management team of twelve and a diverse portfolio of over 30 companies, Braveheart has established itself as a recognized investment management firm since its incorporation in 2003 and subsequent listing in 2007.

41 past transactions

IQ-AI

Post in 2024
IQ-AI Ltd is dedicated to improving patient care through innovative and affordable medical imaging diagnostics. The company utilizes proven technologies to deliver reliable clinical solutions that enhance the diagnostic process, making it more efficient for healthcare providers and more accessible for patients. Primarily operating in Jersey and the United States, IQ-AI focuses on providing cost-effective clinical treatments in the medical imaging sector. The company boasts a robust neuroimaging product portfolio and derives a significant portion of its revenue from the U.S. market, positioning itself as a key player in the field of medical technology solutions.

Autins Group

Post in 2024
Autins Group plc, established in 1966 and headquartered in Rugby, UK, is an investment holding company specializing in the design, manufacture, and supply of acoustic and thermal insulation solutions. Primarily serving the automotive sector, both in the UK and internationally, Autins offers a range of materials such as non-woven PET/PP, thermoplastics, polyurethane, and laminates. Their services include manufacturing, conversion, tooling, component design and testing, along with technical support like acoustics and thermal expertise, bespoke solutions, and program management. While automotive is their core market, Autins also caters to sectors like white goods, power generation, construction, marine, and others, contributing to lighter, quieter, more thermally efficient, and environmentally friendly products.

Pharm2Farm

Venture Round in 2019
Pharm2Farm Ltd. is a technology-driven company that specializes in the development and application of nanotechnology to enhance agricultural and health products. A spin-out from Nottingham Trent University, the company focuses on producing and functionalizing nanoparticles that significantly improve the bioavailability of trace minerals in plant fertilizers, enabling plants to absorb essential nutrients more effectively. This innovative approach not only increases agricultural yield but also reduces the time required for harvesting. Additionally, Pharm2Farm is involved in the creation of anti-viral face masks, demonstrating its versatility and commitment to addressing diverse industry needs through advanced technology.

Paraytec

Acquisition in 2018
Paraytec Limited specializes in designing, developing, manufacturing, and distributing scientific instruments for pharmaceutical and biopharmaceutical applications. Founded in 2005 and based in York, United Kingdom, the company offers a range of products including the ActiPix ultraviolet imaging system, Viscosizer TD for biophysical characterization, Sirius SDI for surface dissolution imaging, and PrinCE Next|800 for capillary electrophoresis. These instruments facilitate chemical and biological analysis, enabling researchers to conduct conformational stability analysis and obtain real-time data, thereby accelerating drug development efforts. Additionally, Paraytec provides contract research services, catering to the needs of both research and original equipment manufacturer communities.

Gyrometric Systems

Venture Round in 2017
Gyrometric Systems Limited specializes in the design and development of advanced shaft monitoring systems. The company offers innovative products such as the Incremental Motion Encoder, which utilizes multiple sensors to provide detailed data on rotating shafts. Their remote monitoring systems transmit data via satellite to cloud storage, allowing for real-time analysis. Gyrometric's technology is applicable across various industries, including marine, energy, manufacturing, and engineering, where it measures the performance of drive shafts and engine components. This technology helps protect against mechanical failures by monitoring for overload and asymmetry damage, ultimately enabling industries to operate more efficiently while reducing energy consumption and maintenance costs. Established in 2004 and headquartered in Nottingham, United Kingdom, Gyrometric Systems operates as a subsidiary of Remote Monitored Systems plc.

Kirkstall

Venture Round in 2016
Kirkstall Ltd. is a biotechnology company founded in 2006, focused on advancing human-relevant scientific research. The company has developed an interconnected cell culture flow system designed to address the limitations of traditional in vitro methods and animal research models. This innovative system consists of interconnected chambers for cell and tissue culture, allowing researchers to test drugs on living tissues. By reducing reliance on animal testing, Kirkstall aims to enhance the accuracy of research outcomes and improve the likelihood of success in human clinical trials.

Comparameglio.it

Venture Round in 2013
Comparameglio.it (formerly Comparafinanza.it) is the new reference point for those who want to save time and money in search of the cheaper insurance .

mLED

Venture Round in 2012
mLED Limited, based in Glasgow, United Kingdom, specializes in the development and manufacture of gallium nitride micropixellated light-emitting diode (LED) arrays. The company focuses on micro-LED technology, providing system integrators with the tools necessary to create prototype and production units for a variety of applications, including industrial, medical, and commercial sectors. mLED's technology enables the production of application-specific light patterns tailored to specific pixel layouts and addressing, as well as custom-specified wavelengths and both continuous pulsed and modulated light patterns.

Neon Capital Partners

Acquisition in 2012
Neon Capital Partners Ltd. is an FSA regulated fund manager. Established in 2010, Neon Capital operates from offices in Barnsley and Leeds and manages the £48m Finance Yorkshire Equity Fund.

AppShare

Series D in 2011
AppShare is a technology company established in 2008 as a spin-off from the University of Strathclyde. It specializes in providing a unique collaboration platform that is both scalable and intrinsically secure. The company's flagship product, ePlace, utilizes an internal network to facilitate WAN to WAN communication, allowing users to share software applications seamlessly across different locations. AppShare's innovative approach aims to transform the landscape of web collaboration globally, leveraging patented technology to enhance user experience and connectivity.

Conjunct

Series C in 2011
Conjunct Ltd. specializes in the design and development of advanced optical communication technologies, particularly focusing on Fibre-Lyte technology, which utilizes glass substrates to encapsulate optical waveguides and enable high-speed data transmission. The company produces a range of transceiver modules, including Fibre-Lyte 4x25G, 4x10G, 300G, and 400G models, which are applicable in various systems such as active optical cables, data storage, high-performance computing interfaces, and optical connections for FPGA systems. Additionally, Conjunct offers Dynamic Serial Optical Interconnect (DSOI) products that facilitate the integration of optical technology into various devices and applications, including servers and multi-protocol switches. The company, incorporated in 2004 and based in Livingston, United Kingdom, also provides transceiver design and consultancy services, contributing to efficient connections in storage area networks and local area networks.

designLED

Funding Round in 2011
DesignLED, established in 2003, specializes in designing and manufacturing innovative LED lighting solutions. The company is renowned for its LED light tiles, which combine optical, electrical, beam angle, and mechanical features. DesignLED's product portfolio includes shelf luminaires, signage and backlighting products, and solutions for various lighting applications. Serving diverse sectors such as architecture, retail, automotive, and custom products, the company operates under brands like Edinburgh, Ness, and Clyde. With a passion for LED technology and a commitment to driving change in the lighting industry, DesignLED aims to provide low energy, highly differentiated, and cost-effective solutions, supported by strategic partnerships.

Tayside Flow Technologies

Venture Round in 2010
Tayside Flow Technologies is a medical devices company, engages in the research, development, and commercialization of vascular devices based on an understanding of blood flow dynamics. It develops Spiral Laminar Flow technology to help restore the body’s natural method of transporting blood in situations where own vessels need to be replaced by prosthetic vascular grafts to repair diseased veins and arteries.

Traak Systems

Venture Round in 2010
Traak Systems Ltd., founded in 2005 and based in Edinburgh, United Kingdom, specializes in real-time predictive analytics for intelligent mobility solutions. The company offers a range of products, including the Traak Analytics Platform, which delivers predictive analytics; ONEtraak, a user-friendly dashboard and inquiry interface; RIGHTtraak, a solution for data review, auditing, and cleansing; and ONtraak, which provides cloud hosting and related services. Traak Systems focuses on high-performance complex event processing to address the growing needs of RFID and sensor network markets, ensuring efficient data management and minimizing the risks of data overload.

AppShare

Private Equity Round in 2010
AppShare is a technology company established in 2008 as a spin-off from the University of Strathclyde. It specializes in providing a unique collaboration platform that is both scalable and intrinsically secure. The company's flagship product, ePlace, utilizes an internal network to facilitate WAN to WAN communication, allowing users to share software applications seamlessly across different locations. AppShare's innovative approach aims to transform the landscape of web collaboration globally, leveraging patented technology to enhance user experience and connectivity.

mLED

Seed Round in 2010
mLED Limited, based in Glasgow, United Kingdom, specializes in the development and manufacture of gallium nitride micropixellated light-emitting diode (LED) arrays. The company focuses on micro-LED technology, providing system integrators with the tools necessary to create prototype and production units for a variety of applications, including industrial, medical, and commercial sectors. mLED's technology enables the production of application-specific light patterns tailored to specific pixel layouts and addressing, as well as custom-specified wavelengths and both continuous pulsed and modulated light patterns.

Conjunct

Series B in 2010
Conjunct Ltd. specializes in the design and development of advanced optical communication technologies, particularly focusing on Fibre-Lyte technology, which utilizes glass substrates to encapsulate optical waveguides and enable high-speed data transmission. The company produces a range of transceiver modules, including Fibre-Lyte 4x25G, 4x10G, 300G, and 400G models, which are applicable in various systems such as active optical cables, data storage, high-performance computing interfaces, and optical connections for FPGA systems. Additionally, Conjunct offers Dynamic Serial Optical Interconnect (DSOI) products that facilitate the integration of optical technology into various devices and applications, including servers and multi-protocol switches. The company, incorporated in 2004 and based in Livingston, United Kingdom, also provides transceiver design and consultancy services, contributing to efficient connections in storage area networks and local area networks.

NXVISION

Venture Round in 2009
NXVision, based in Dunfermline, Scotland, was founded in August 2006 as Inxstor Ltd. The company specializes in digital media software, focusing on innovative solutions for video content delivery. It has developed proprietary technology that enables any Internet-connected device or mobile phone to access and display content from a home set-top box or Internet-connected television. NXVision has quickly established itself as a prominent supplier of set-top box applications, offering comprehensive place-shifting and sideloading solutions that ensure secure and efficient video streaming.

Pyreos

Venture Round in 2009
Pyreos Limited, established in 2007 and headquartered in Edinburgh, UK, specializes in the development and supply of infrared sensor array products. The company's patented thin film pyro-electric ceramic technology enables it to produce high-performance, rugged, and tiny sensors that operate in the mid-infrared spectrum. Pyreos' products cater to diverse applications, including motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras. The company's unique selling proposition lies in its focus on three key markets: food safety, gas detection/analysis, and fuel/oil condition monitoring, which are valued at over $1.2 billion globally.

Inkopo

Acquisition in 2009
Inkopo offers a range of finance and consultancy services for technology investments.

Traak Systems

Seed Round in 2009
Traak Systems Ltd., founded in 2005 and based in Edinburgh, United Kingdom, specializes in real-time predictive analytics for intelligent mobility solutions. The company offers a range of products, including the Traak Analytics Platform, which delivers predictive analytics; ONEtraak, a user-friendly dashboard and inquiry interface; RIGHTtraak, a solution for data review, auditing, and cleansing; and ONtraak, which provides cloud hosting and related services. Traak Systems focuses on high-performance complex event processing to address the growing needs of RFID and sensor network markets, ensuring efficient data management and minimizing the risks of data overload.

Pufferfish

Seed Round in 2009
Pufferfish specializes in advanced digital display technology, offering innovative visualization and engagement solutions to a diverse global clientele, including notable organizations such as AT&T, Audi, and the BBC. The company initially gained recognition in the events industry and has since expanded its product offerings to include the world's first commercial interactive sphere and various hemispherical displays, supported by a robust proprietary software platform. Pufferfish's systems are designed to enhance how information is perceived and understood, featuring browser-based control firmware and interactivity solutions that facilitate effective data communication. The company has established a strong reputation for providing premium solutions, including content development services, with its products deployed in over 40 countries.

Tayside Flow Technologies

Venture Round in 2009
Tayside Flow Technologies is a medical devices company, engages in the research, development, and commercialization of vascular devices based on an understanding of blood flow dynamics. It develops Spiral Laminar Flow technology to help restore the body’s natural method of transporting blood in situations where own vessels need to be replaced by prosthetic vascular grafts to repair diseased veins and arteries.

Biopta

Funding Round in 2008
Biopta Ltd. is a contract research organization that specializes in providing services to the pharmaceutical industry using functional human tissue. Founded in 2002 and based in Glasgow, United Kingdom, Biopta utilizes ethically donated residual human tissue from surgical procedures to predict drug activity prior to clinical trials. The company offers a range of services, including laboratory techniques, comparative pharmacology, clinical biopsies, and customized solutions. Its expertise encompasses various areas such as cardiac, vascular, respiratory, gastrointestinal, human absorption, skin, and genitourinary research. Additionally, Biopta maintains a catalogue of human functional tissue assays that includes standard assays for diverse applications. The company operates laboratories in Glasgow and Maryland and has been a subsidiary of ReproCELL, Inc. since December 2015.

Spiral Gateway

Series C in 2008
Spiral Gateway is a fabless semiconductor chip vendor with products that are designed to enhance flexibility and performance in the Image Signal Processing (ISP) market. The company was formed in 2004 as a spinout from the University of Edinburgh and holds exclusive rights to RICA (Reconfigurable Instruction Cell Architecture), a novel processing architecture and associated tool chain. This technology has the potential to achieve cost & performance points for existing signal processing functions, directly comparable with fixed function custom hardware, whilst offering the significant additional benefit of high degrees of flexibility through software programmability.

Cascade Technologies

Venture Round in 2008
Cascade Technologies offers a number of products that allow for monitoring of greenhouse and general industrial emissions, hazardous gases, explosives and drugs.

Elonics

Series A in 2008
Elonics Limited, a fabless mixed-signal semiconductor company, specializes in the development and supply of multi-band radio frequency (RF) integrated circuit (IC) products in the United Kingdom. It offers E4000, a family of integrated multi-band RF tuner ICs implemented in CMOS for digital TV and radio broadcast receiver solutions. The company also provides custom silicon design and ASIC development services. Its CMOS multi-band RF tuners targeted at the reception of digital TV and radio, including DVB-T/H, ISDB-T, T-DMB, ISDB-T, DTMB, DAB/DAB+, and FM radio broadcast standards. The company's products focus on mobile phone and home consumer electronics markets internationally. Elonics Limited was founded in 2003 and is based in Livingston, the United Kingdom.

Pyreos

Convertible Note in 2007
Pyreos Limited, established in 2007 and headquartered in Edinburgh, UK, specializes in the development and supply of infrared sensor array products. The company's patented thin film pyro-electric ceramic technology enables it to produce high-performance, rugged, and tiny sensors that operate in the mid-infrared spectrum. Pyreos' products cater to diverse applications, including motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras. The company's unique selling proposition lies in its focus on three key markets: food safety, gas detection/analysis, and fuel/oil condition monitoring, which are valued at over $1.2 billion globally.

Traak Systems

Seed Round in 2007
Traak Systems Ltd., founded in 2005 and based in Edinburgh, United Kingdom, specializes in real-time predictive analytics for intelligent mobility solutions. The company offers a range of products, including the Traak Analytics Platform, which delivers predictive analytics; ONEtraak, a user-friendly dashboard and inquiry interface; RIGHTtraak, a solution for data review, auditing, and cleansing; and ONtraak, which provides cloud hosting and related services. Traak Systems focuses on high-performance complex event processing to address the growing needs of RFID and sensor network markets, ensuring efficient data management and minimizing the risks of data overload.

NXVISION

Venture Round in 2007
NXVision, based in Dunfermline, Scotland, was founded in August 2006 as Inxstor Ltd. The company specializes in digital media software, focusing on innovative solutions for video content delivery. It has developed proprietary technology that enables any Internet-connected device or mobile phone to access and display content from a home set-top box or Internet-connected television. NXVision has quickly established itself as a prominent supplier of set-top box applications, offering comprehensive place-shifting and sideloading solutions that ensure secure and efficient video streaming.

Edinburgh Robotics

Series B in 2007
Edinburgh Robotics Limited was founded in 2005 by Joe Halliwell and Nils Roeder, two former researchers who maintain their close relationship with the University of Edinburgh. Edinburgh Robotics built their development platform to integrate experiences from mobile robotics to help accelerating intelligent system and robotic application development.

EctoPharma

Venture Round in 2007
EctoPharma is virtual pharmaceutical company focused on commercialising patented technologies by developing new medicines which address unmet therapeutic needs in major markets. The company is currently conducting R&D work into a novel gene therapy which may have the potential to help the treatment of several forms of cancer.

NiTech Solutions

Venture Round in 2007
NiTech Solutions Ltd. is a company based in Edinburgh, United Kingdom, specializing in the design and provision of continuous oscillatory baffled reactors and tubular reactors for various applications, including crystallization, biodiesel production, hydrogenation, polymerization, and pharmaceutical active pharmaceutical ingredients. Founded in 2003, NiTech focuses on enhancing process efficiency in the chemical, pharmaceutical, biotechnology, waste management, and food and drinks sectors. The company's innovative baffled reactor technology facilitates the mixing of liquid-liquid, liquid-solid, and gas-liquid-solid processes, enabling clients to transition from batch to continuous processes. This shift not only enhances operational efficiency but also reduces costs, energy consumption, and waste generation while improving product quality. NiTech's team comprises experts in process design, chemistry, and chemical engineering, ensuring the successful implementation of advanced and effective solutions for its clients.

MicroStencil

Series B in 2006
MicroStencil specializes in the manufacture of precision microengineered electroformed parts for diverse applications in the microelectronics sector. The company produces high-resolution nickel electroformed stencils, meshes, evaporation and shadow masks, filter membranes, optical components, dual-layer metal foils for screen replacements, and tools for embossing and stamping. Utilizing a novel fabrication process, MicroStencil's products are designed to create ultra-fine electrical and mechanical connections in demanding applications. The company offers comprehensive technical support, including design assistance, rapid prototyping, and volume production, ensuring that customers receive tailored solutions for their specific needs.

Cascade Technologies

Series B in 2006
Cascade Technologies offers a number of products that allow for monitoring of greenhouse and general industrial emissions, hazardous gases, explosives and drugs.

designLED

Venture Round in 2006
DesignLED, established in 2003, specializes in designing and manufacturing innovative LED lighting solutions. The company is renowned for its LED light tiles, which combine optical, electrical, beam angle, and mechanical features. DesignLED's product portfolio includes shelf luminaires, signage and backlighting products, and solutions for various lighting applications. Serving diverse sectors such as architecture, retail, automotive, and custom products, the company operates under brands like Edinburgh, Ness, and Clyde. With a passion for LED technology and a commitment to driving change in the lighting industry, DesignLED aims to provide low energy, highly differentiated, and cost-effective solutions, supported by strategic partnerships.

Edinburgh Robotics

Series A in 2006
Edinburgh Robotics Limited was founded in 2005 by Joe Halliwell and Nils Roeder, two former researchers who maintain their close relationship with the University of Edinburgh. Edinburgh Robotics built their development platform to integrate experiences from mobile robotics to help accelerating intelligent system and robotic application development.

NXVISION

Venture Round in 2006
NXVision, based in Dunfermline, Scotland, was founded in August 2006 as Inxstor Ltd. The company specializes in digital media software, focusing on innovative solutions for video content delivery. It has developed proprietary technology that enables any Internet-connected device or mobile phone to access and display content from a home set-top box or Internet-connected television. NXVision has quickly established itself as a prominent supplier of set-top box applications, offering comprehensive place-shifting and sideloading solutions that ensure secure and efficient video streaming.

MicroStencil

Series A in 2005
MicroStencil specializes in the manufacture of precision microengineered electroformed parts for diverse applications in the microelectronics sector. The company produces high-resolution nickel electroformed stencils, meshes, evaporation and shadow masks, filter membranes, optical components, dual-layer metal foils for screen replacements, and tools for embossing and stamping. Utilizing a novel fabrication process, MicroStencil's products are designed to create ultra-fine electrical and mechanical connections in demanding applications. The company offers comprehensive technical support, including design assistance, rapid prototyping, and volume production, ensuring that customers receive tailored solutions for their specific needs.

Biopta

Series A in 2004
Biopta Ltd. is a contract research organization that specializes in providing services to the pharmaceutical industry using functional human tissue. Founded in 2002 and based in Glasgow, United Kingdom, Biopta utilizes ethically donated residual human tissue from surgical procedures to predict drug activity prior to clinical trials. The company offers a range of services, including laboratory techniques, comparative pharmacology, clinical biopsies, and customized solutions. Its expertise encompasses various areas such as cardiac, vascular, respiratory, gastrointestinal, human absorption, skin, and genitourinary research. Additionally, Biopta maintains a catalogue of human functional tissue assays that includes standard assays for diverse applications. The company operates laboratories in Glasgow and Maryland and has been a subsidiary of ReproCELL, Inc. since December 2015.

Wolfson Microelectronics

Venture Round in 1999
Wolfson Microelectronics specialises in the design and supply of advanced audio solutions for consumer electronics. Its product portfolio includes audio hubs, silicon MEMS microphones, power management ICs, and noise cancellation technologies. These components enable Wolfson's global customers to enhance their digital products' audio capabilities, fostering unique user experiences across various devices such as smartphones, tablets, televisions, and gaming consoles.
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