Herald Investment Management

Herald Ventures is a venture capital firm based in London, specializing in development capital investments in early, mid, and late-stage unquoted companies within the technology, communications, and media sectors. Established in 1999, the firm focuses exclusively on companies located in the United Kingdom and typically invests between £0.25 million and £3 million per company, favoring minority stakes and seeking Board representation. Herald Ventures does not engage in investments related to biotechnology or pharmaceuticals and can act as a sole investor or collaborate with other firms in syndicate investments. It operates as a subsidiary of Herald Investment Management Limited, which manages multiple funds and emphasizes capital appreciation through investments in smaller quoted companies.

Fraser Elms

Fund Manager

Taymour Ezzat

Fund Manager

Katie Potts

Managing Director

Katherine Potts

Founder, Managing Director and Lead Fund Manager

24 past transactions

Cirata

Post in 2019
Cirata is a technology company specializing in collaboration software and data replication solutions. Founded in 2005, it has developed a suite of products designed to facilitate seamless data transfer and cloud migration with zero downtime or risk. Its flagship offering, WANdisco Fusion, ensures consistent data access across diverse environments, while LiveMigrator and LiveData Cloud Services support large-scale cloud migrations. The company also provides tools for data analytics and security, including Apache Hive for data warehousing, Apache Ranger for centralized security administration, and Apache Sentry for privilege enforcement. Cirata's patented Active Data Replication technology allows continuous access to data in real-time, enhancing operational efficiency for clients. The company has established strategic partnerships with major players such as IBM, Amazon Web Services, and Microsoft Azure, enabling it to serve Fortune 1000 companies globally. Headquartered in Sheffield, United Kingdom, Cirata has grown significantly since its inception, achieving a successful IPO in 2012 without external funding.

Attraqt

Post in 2015
Attraqt Group plc is a technology company based in London that specializes in e-commerce solutions, focusing on site search, merchandising, and product recommendation systems. The company offers a Software as a Service (SaaS) platform that enables online retailers to enhance their customer experiences through personalized search, navigation, and merchandising tools. Attraqt serves a diverse range of sectors, including fashion, homeware, electronics, and B2B retail, and its core product, the Fredhopper Discovery Platform, supports retailers in creating relevant and engaging shopping experiences. The company also provides retail insights, technical expertise, and project management services to ensure customer success. With a presence in several countries, including the United Kingdom, France, and the Netherlands, Attraqt is committed to empowering over 240 leading retail brands globally.

Green Plug

Series C in 2012
Green Plug, Inc. develops digital controller technology to the AC-DC power adapter market. The company offers Green Power Processor, a novel processor that provides control of the power supply and communication with enabled devices; Green Load Processor, a hardware and software protocol stack that exists in existing processors on the load device; Greentalk that provides an application layer API for applications supporting home and office power management and reporting; and power adapters. It also provides professional services. Green Plug, Inc. was founded in 2006 and is based in San Ramon, California.

Celoxica

Venture Round in 2012
Based in London, United Kingdom, Celoxica delivers latency market data access and order execution solutions to the advanced trading community. The company’s solutions include a full range of market data feed handlers for the main U.S. and European equities, options, futures exchanges, and FX. With clients that include trading firms who co-locate their strategic applications in high frequency trading environments, market making, liquidity provision, algorithmic trading, and smart order routing, the company also offers a single access point for brokers and their clients by handling inbound FIX, credit check, and outbound native protocol to the execution venues. Celoxica was founded in 1996.

Celoxica

Venture Round in 2010
Based in London, United Kingdom, Celoxica delivers latency market data access and order execution solutions to the advanced trading community. The company’s solutions include a full range of market data feed handlers for the main U.S. and European equities, options, futures exchanges, and FX. With clients that include trading firms who co-locate their strategic applications in high frequency trading environments, market making, liquidity provision, algorithmic trading, and smart order routing, the company also offers a single access point for brokers and their clients by handling inbound FIX, credit check, and outbound native protocol to the execution venues. Celoxica was founded in 1996.

Green Plug

Series B in 2010
Green Plug, Inc. develops digital controller technology to the AC-DC power adapter market. The company offers Green Power Processor, a novel processor that provides control of the power supply and communication with enabled devices; Green Load Processor, a hardware and software protocol stack that exists in existing processors on the load device; Greentalk that provides an application layer API for applications supporting home and office power management and reporting; and power adapters. It also provides professional services. Green Plug, Inc. was founded in 2006 and is based in San Ramon, California.

Natilik

Venture Round in 2010
Natilik provide solutions across five key technology areas - Collaboration, Networking, Security, Data Centre and Connectivity

Jazz FM

Venture Round in 2009
Jazz FM plays the world’s greatest jazz, blues and soul, from the world’s greatest artists. We call it 'Listen in Colour'.They are the home of jazz, soul and blues. Their musical output is unique and is a mixture of truly eclectic new music and well known pieces by the legends of jazz, selected by the UK's finest presenters, each experts in their field.

Antenova

Venture Round in 2008
Antenova, Ltd. specializes in the design and supply of standard and custom antennas and radio frequency antenna modules. Founded in 1999 and headquartered in Stow-cum-Quy, United Kingdom, the company serves a diverse range of applications, including mobile handsets, adapters, portable devices, laptop computers, and various wireless devices. Antenova is recognized as a leading provider of high-performance antennas specifically for wireless machine-to-machine (M2M) and consumer electronic devices. The company has design, sales, and support centers in Taipei, Taiwan; Chicago, Illinois; and Shanghai, China, alongside manufacturing operations located in Taiwan and China.

CriticalBlue

Series C in 2008
CriticalBlue Limited provides software analysis and optimization services. It offers Prism which is an embedded programming system. The company also develos an application that protects digital assests from cyber attacks. CriticalBlue Limited was formerly known as Adaptive Programmable Silicon Ltd. and changed its name to CriticalBlue Limited in December 2003. The company was incorporated in 2001 and is based in Edinburgh, United Kingdom.

Enigmatec

Series D in 2008
Enigmatec Corporation Ltd. offers automation solutions for physical and virtual resource management. The company offers Execution Management System, an automation solution to implement run book automation solutions that describe the process of cataloguing, codifying, testing, and automating the manual, scripted, and ad hoc procedures used to manage information technology (IT) environments. It offers Enigmatec Virtual Orchestrator, which provides a self-service request user interface that automates IT workflows to provision, configure, allocate, and reclaim virtual resources; Enigmatec Automated Disaster Recovery that creates, deploys, manages, and monitors various aspects of disaster recovery operations; Execution Management System, a solution to automate repetitive scripted or manual tasks; and integrations and adapters for various commercial and in-house technologies. Enigmatec Corporation Ltd. also provides Cloud Lifecycle Management Solution that manages requests and resources that are sourced from internal source and acquired from the cloud. In addition, it offers Rapid Start Program for virtualization management, process audit, and training; and a range of courses, including introductory, intermediate, and advanced classes for developers, integration specialists, system administrators, and IT operators. The company was founded in 2002 and is based in London, United Kingdom with an additional office in New York, New York.

i-nexus

Venture Round in 2008
Global leaders turn to i-nexus to translate strategy into goals, goals into action, and action into results. With proven enterprise readiness and support for leading best practices such as Hoshin Kanri and Lean, our solutions for strategy deployment and continuous improvement enable large organizations to achieve more of their goals, faster and with less effort. Today more than 50k professionals use i-nexus to globally manage over 150k programs, generating over $1b in realized customer value to date.

i-nexus

Series A in 2008
Global leaders turn to i-nexus to translate strategy into goals, goals into action, and action into results. With proven enterprise readiness and support for leading best practices such as Hoshin Kanri and Lean, our solutions for strategy deployment and continuous improvement enable large organizations to achieve more of their goals, faster and with less effort. Today more than 50k professionals use i-nexus to globally manage over 150k programs, generating over $1b in realized customer value to date.

Celoxica

Venture Round in 2008
Based in London, United Kingdom, Celoxica delivers latency market data access and order execution solutions to the advanced trading community. The company’s solutions include a full range of market data feed handlers for the main U.S. and European equities, options, futures exchanges, and FX. With clients that include trading firms who co-locate their strategic applications in high frequency trading environments, market making, liquidity provision, algorithmic trading, and smart order routing, the company also offers a single access point for brokers and their clients by handling inbound FIX, credit check, and outbound native protocol to the execution venues. Celoxica was founded in 1996.

Enigmatec

Series C in 2007
Enigmatec Corporation Ltd. offers automation solutions for physical and virtual resource management. The company offers Execution Management System, an automation solution to implement run book automation solutions that describe the process of cataloguing, codifying, testing, and automating the manual, scripted, and ad hoc procedures used to manage information technology (IT) environments. It offers Enigmatec Virtual Orchestrator, which provides a self-service request user interface that automates IT workflows to provision, configure, allocate, and reclaim virtual resources; Enigmatec Automated Disaster Recovery that creates, deploys, manages, and monitors various aspects of disaster recovery operations; Execution Management System, a solution to automate repetitive scripted or manual tasks; and integrations and adapters for various commercial and in-house technologies. Enigmatec Corporation Ltd. also provides Cloud Lifecycle Management Solution that manages requests and resources that are sourced from internal source and acquired from the cloud. In addition, it offers Rapid Start Program for virtualization management, process audit, and training; and a range of courses, including introductory, intermediate, and advanced classes for developers, integration specialists, system administrators, and IT operators. The company was founded in 2002 and is based in London, United Kingdom with an additional office in New York, New York.

Celoxica

Venture Round in 2007
Based in London, United Kingdom, Celoxica delivers latency market data access and order execution solutions to the advanced trading community. The company’s solutions include a full range of market data feed handlers for the main U.S. and European equities, options, futures exchanges, and FX. With clients that include trading firms who co-locate their strategic applications in high frequency trading environments, market making, liquidity provision, algorithmic trading, and smart order routing, the company also offers a single access point for brokers and their clients by handling inbound FIX, credit check, and outbound native protocol to the execution venues. Celoxica was founded in 1996.

PrecisionPoint

Venture Round in 2006
PrecisionPoint Software, Ltd. provides business intelligence solutions for Microsoft ERP application products. It offers PrecisionPoint Business Warehouse for financial reporting, sales analysis, supply-chain/inventory analysis, and profitability analysis. The company was formerly known as AnalySoft Development, Ltd. and changed its name to PrecisionPoint Software, Ltd. in November 2006. PrecisionPoint Software, Ltd. was founded in 2002 and is headquartered in Bracknell, the United Kingdom with an additional office in Waltham, Massachusetts. It also has sales and support offices in Johannesburg, South Africa; and New Jersey, California, and Texas.

CriticalBlue

Series B in 2006
CriticalBlue Limited provides software analysis and optimization services. It offers Prism which is an embedded programming system. The company also develos an application that protects digital assests from cyber attacks. CriticalBlue Limited was formerly known as Adaptive Programmable Silicon Ltd. and changed its name to CriticalBlue Limited in December 2003. The company was incorporated in 2001 and is based in Edinburgh, United Kingdom.

Sphere Medical Holding

Venture Round in 2006
Sphere Medical Holding plc develops and sells medical monitoring and diagnostic equipment in the United Kingdom, Europe, and Japan. The company offers Proxima solution for measuring blood gases, electrolytes, and metabolites for ill and unstable patients. The company was formerly known as Sphere Medical Holding Limited and changed its name to Sphere Medical Holding plc in November 2006. Sphere Medical Holding plc was incorporated in 2001 and is based in Cardiff, the United Kingdom.

Celoxica

Venture Round in 2005
Based in London, United Kingdom, Celoxica delivers latency market data access and order execution solutions to the advanced trading community. The company’s solutions include a full range of market data feed handlers for the main U.S. and European equities, options, futures exchanges, and FX. With clients that include trading firms who co-locate their strategic applications in high frequency trading environments, market making, liquidity provision, algorithmic trading, and smart order routing, the company also offers a single access point for brokers and their clients by handling inbound FIX, credit check, and outbound native protocol to the execution venues. Celoxica was founded in 1996.

Info

Series A in 2004
Info.com Inc. operates as a meta-search engine that aggregates results from various popular search engines, such as Google, Yahoo!, Bing, and Ask. The platform provides users with a comprehensive range of information, including research content, employment opportunities from diverse job boards and career pages, and travel details from online travel sites. Additionally, Info.com offers access to images from publisher libraries, videos from prominent providers like YouTube and CNN, and news from various sources. The site also facilitates online comparison shopping to aid in purchase decisions and provides health information sourced from medical websites, including specialist reports. Furthermore, it features classified listings for automobiles, pets, rentals, and used items. Established in 2004 and headquartered in Chicago, Illinois, Info.com aims to streamline the search experience by delivering diverse content in a user-friendly format.

CriticalBlue

Series A in 2003
CriticalBlue Limited provides software analysis and optimization services. It offers Prism which is an embedded programming system. The company also develos an application that protects digital assests from cyber attacks. CriticalBlue Limited was formerly known as Adaptive Programmable Silicon Ltd. and changed its name to CriticalBlue Limited in December 2003. The company was incorporated in 2001 and is based in Edinburgh, United Kingdom.

Commerce Decisions

Series B in 2003
Commerce Decisions delivers proven software – AWARD, best practice knowledge and expert services to assist sourcing projects through-life; from preparation, qualification, evaluation, negotiation to continuous supplier performance review and contract compliance. AWARD software provides a central web-based information and process & infrastructure enabling project teams to collaboratively make major contract decisions and monitor subsequent performance. It is proven to significantly increase contract value and reduce risk and used in projects totalling over £150 billion to date. AWARD is available in the UK via a number of routes, including CCS frameworks. Commerce Decisions customers include the Department for Transport, DWP, Defra, Transport for London, NHS, the UK Olympic Delivery Authority, the British Broadcasting Corporation, defence contractors and the UK and Finnish MOD.

Bango

Venture Round in 2002
Bango plc specializes in developing technology that facilitates the marketing and sale of products and services to mobile phone users. The company operates through two main segments: End User Activity and Data Activity. Its offerings include Bango Marketplace, which allows developers to target specific customer audiences, and Bango Resale, a solution designed to help merchants acquire and retain customers through global resale partnerships. Additionally, Bango provides Audiens, a mobile data exchange platform. The company collaborates with prominent global stores such as Amazon, Google, Samsung, and Microsoft to enhance mobile payment solutions, thereby supporting the growing number of consumers adopting smartphones. Founded in 1999 and based in Cambridge, United Kingdom, Bango serves clients in various regions, including the United Kingdom, European Union, United States, and Canada.
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