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

Gary Weir

Investment Analyst

Past deals in Scotland

Biotangents

Venture Round in 2024
Biotangents Ltd., founded in 2015 and based in Glasgow, United Kingdom, specializes in designing and building biological pathways for the production of valuable natural materials. The company utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from various DNA components. Among its innovations is the development of terpenoid biosynthesis strains and the Short Sequence Randomisation technology for DNA randomisation. Biotangents has also conceptualized Moduleic Sensing, a modular cell-free nucleic acid detection technology, which led to the creation of a diagnostic test for identifying infectious diseases in livestock. This veterinary diagnostic device employs isothermal amplification technology, enabling precise detection without significant technical demands and allowing for quick adaptation to new targets. The solutions provided by Biotangents aim to mitigate the impact of infectious diseases in livestock, thereby enhancing the efficiency of animal protein production.

Ingenious Audio

Venture Round in 2023
Ingenious Audio Ltd is a Scottish startup that specializes in designing and manufacturing audio electronics. Founded in 2010 and headquartered in Edinburgh, the company has developed an innovative product known as the invisible guitar cable. This compact plug-in device transforms traditional analogue audio equipment, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. The invisible guitar cable facilitates wireless connections between existing guitars and amplifiers, allowing users to utilize wireless effect pedals for the first time. Additionally, it enables seamless connections to any Wi-Fi-enabled PC, effectively replacing the need for costly recording and audio effects equipment. This technology also allows for the sharing of audio over the internet, enhancing the versatility of audio production and performance.

Biotangents

Venture Round in 2022
Biotangents Ltd., founded in 2015 and based in Glasgow, United Kingdom, specializes in designing and building biological pathways for the production of valuable natural materials. The company utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from various DNA components. Among its innovations is the development of terpenoid biosynthesis strains and the Short Sequence Randomisation technology for DNA randomisation. Biotangents has also conceptualized Moduleic Sensing, a modular cell-free nucleic acid detection technology, which led to the creation of a diagnostic test for identifying infectious diseases in livestock. This veterinary diagnostic device employs isothermal amplification technology, enabling precise detection without significant technical demands and allowing for quick adaptation to new targets. The solutions provided by Biotangents aim to mitigate the impact of infectious diseases in livestock, thereby enhancing the efficiency of animal protein production.

Biotangents

Venture Round in 2021
Biotangents Ltd., founded in 2015 and based in Glasgow, United Kingdom, specializes in designing and building biological pathways for the production of valuable natural materials. The company utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from various DNA components. Among its innovations is the development of terpenoid biosynthesis strains and the Short Sequence Randomisation technology for DNA randomisation. Biotangents has also conceptualized Moduleic Sensing, a modular cell-free nucleic acid detection technology, which led to the creation of a diagnostic test for identifying infectious diseases in livestock. This veterinary diagnostic device employs isothermal amplification technology, enabling precise detection without significant technical demands and allowing for quick adaptation to new targets. The solutions provided by Biotangents aim to mitigate the impact of infectious diseases in livestock, thereby enhancing the efficiency of animal protein production.

Ingenious Audio

Venture Round in 2020
Ingenious Audio Ltd is a Scottish startup that specializes in designing and manufacturing audio electronics. Founded in 2010 and headquartered in Edinburgh, the company has developed an innovative product known as the invisible guitar cable. This compact plug-in device transforms traditional analogue audio equipment, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. The invisible guitar cable facilitates wireless connections between existing guitars and amplifiers, allowing users to utilize wireless effect pedals for the first time. Additionally, it enables seamless connections to any Wi-Fi-enabled PC, effectively replacing the need for costly recording and audio effects equipment. This technology also allows for the sharing of audio over the internet, enhancing the versatility of audio production and performance.

Biotangents

Series A in 2019
Biotangents Ltd., founded in 2015 and based in Glasgow, United Kingdom, specializes in designing and building biological pathways for the production of valuable natural materials. The company utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from various DNA components. Among its innovations is the development of terpenoid biosynthesis strains and the Short Sequence Randomisation technology for DNA randomisation. Biotangents has also conceptualized Moduleic Sensing, a modular cell-free nucleic acid detection technology, which led to the creation of a diagnostic test for identifying infectious diseases in livestock. This veterinary diagnostic device employs isothermal amplification technology, enabling precise detection without significant technical demands and allowing for quick adaptation to new targets. The solutions provided by Biotangents aim to mitigate the impact of infectious diseases in livestock, thereby enhancing the efficiency of animal protein production.

ScotBio

Venture Round in 2018
ScotBio is a biotechnology company based in Scotland that specializes in producing natural and clean label ingredients for various industries, including food, beverage, nutrition, textiles, cosmetics, and pharmaceuticals. The company cultivates algae indoors in closed, hygienic vessels, allowing for the development of products such as natural blue pigments, alternative protein, and carotenoids. ScotBio's flagship offering is a natural blue extract derived from spirulina algae, which is manufactured in stainless steel reactors. This extract serves as a food colorant and can also be utilized in pet food formulations, providing food manufacturers with modular and scalable solutions to meet their ingredient needs.

Biotangents

Seed Round in 2018
Biotangents Ltd., founded in 2015 and based in Glasgow, United Kingdom, specializes in designing and building biological pathways for the production of valuable natural materials. The company utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from various DNA components. Among its innovations is the development of terpenoid biosynthesis strains and the Short Sequence Randomisation technology for DNA randomisation. Biotangents has also conceptualized Moduleic Sensing, a modular cell-free nucleic acid detection technology, which led to the creation of a diagnostic test for identifying infectious diseases in livestock. This veterinary diagnostic device employs isothermal amplification technology, enabling precise detection without significant technical demands and allowing for quick adaptation to new targets. The solutions provided by Biotangents aim to mitigate the impact of infectious diseases in livestock, thereby enhancing the efficiency of animal protein production.

Biotangents

Seed Round in 2017
Biotangents Ltd., founded in 2015 and based in Glasgow, United Kingdom, specializes in designing and building biological pathways for the production of valuable natural materials. The company utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from various DNA components. Among its innovations is the development of terpenoid biosynthesis strains and the Short Sequence Randomisation technology for DNA randomisation. Biotangents has also conceptualized Moduleic Sensing, a modular cell-free nucleic acid detection technology, which led to the creation of a diagnostic test for identifying infectious diseases in livestock. This veterinary diagnostic device employs isothermal amplification technology, enabling precise detection without significant technical demands and allowing for quick adaptation to new targets. The solutions provided by Biotangents aim to mitigate the impact of infectious diseases in livestock, thereby enhancing the efficiency of animal protein production.

ScotBio

Seed Round in 2017
ScotBio is a biotechnology company based in Scotland that specializes in producing natural and clean label ingredients for various industries, including food, beverage, nutrition, textiles, cosmetics, and pharmaceuticals. The company cultivates algae indoors in closed, hygienic vessels, allowing for the development of products such as natural blue pigments, alternative protein, and carotenoids. ScotBio's flagship offering is a natural blue extract derived from spirulina algae, which is manufactured in stainless steel reactors. This extract serves as a food colorant and can also be utilized in pet food formulations, providing food manufacturers with modular and scalable solutions to meet their ingredient needs.

Ingenious Audio

Venture Round in 2015
Ingenious Audio Ltd is a Scottish startup that specializes in designing and manufacturing audio electronics. Founded in 2010 and headquartered in Edinburgh, the company has developed an innovative product known as the invisible guitar cable. This compact plug-in device transforms traditional analogue audio equipment, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. The invisible guitar cable facilitates wireless connections between existing guitars and amplifiers, allowing users to utilize wireless effect pedals for the first time. Additionally, it enables seamless connections to any Wi-Fi-enabled PC, effectively replacing the need for costly recording and audio effects equipment. This technology also allows for the sharing of audio over the internet, enhancing the versatility of audio production and performance.

i2eye Diagnostics

Venture Round in 2015
i2Eye Diagnostics Limited, based in Edinburgh, United Kingdom, specializes in developing innovative ophthalmic medical devices that enhance the diagnosis and management of eye and optic nerve disorders. The company's primary product, Saccadic Vector Optokinetic Perimetry (SVOP), measures instinctive responses to light and movement, allowing for accurate visual field testing in pediatric and neuro-ophthalmology contexts. This technology is particularly beneficial for testing children and elderly patients who were previously challenging to assess. i2Eye Diagnostics is a spin-out from the University of Edinburgh and the Edinburgh BioQuarter, and it aims to provide a more accessible and effective approach to visual field analysis by incorporating advanced 3D eye tracking capabilities, which enables patients to move freely during tests without the need for response buttons. Founded in 2010, the company is committed to addressing critical clinical needs in the field of ophthalmology.

Mochridhe

Venture Round in 2015
Mochridhe Limited is a healthcare provider based in Glasgow, United Kingdom, specializing in disabled care services. Established in 2005, the company focuses on delivering personalized support to both adults and children across Scotland, enabling clients to organize and plan their care using individual budgets. Mochridhe offers a range of services, including short breaks, respite care, and assistance for families, all designed to facilitate participation in community activities, education, and companionship. The company’s approach emphasizes person-centered and outcome-focused care, ensuring that services are tailored to meet the unique needs and preferences of each individual.

Bedi OralCare

Seed Round in 2014
Bedi OralCare Limited, based in Edinburgh, United Kingdom, specializes in manufacturing dental products tailored for young children, individuals with disabilities, and dementia sufferers. Established in 2013, the company aims to enhance oral health accessibility for all. Its flagship product, Dental Shield, assists health professionals in examining patients by facilitating mouth opening for routine dental procedures. Another significant offering, the Bedi Tray, allows for dental impressions in preschool children without the need for restraint, promoting a more comfortable experience. The company is committed to improving the quality of life and overall well-being of its patients through its innovative dental care solutions.

Bedi OralCare

Seed Round in 2013
Bedi OralCare Limited, based in Edinburgh, United Kingdom, specializes in manufacturing dental products tailored for young children, individuals with disabilities, and dementia sufferers. Established in 2013, the company aims to enhance oral health accessibility for all. Its flagship product, Dental Shield, assists health professionals in examining patients by facilitating mouth opening for routine dental procedures. Another significant offering, the Bedi Tray, allows for dental impressions in preschool children without the need for restraint, promoting a more comfortable experience. The company is committed to improving the quality of life and overall well-being of its patients through its innovative dental care solutions.

Ingenious Audio

Venture Round in 2013
Ingenious Audio Ltd is a Scottish startup that specializes in designing and manufacturing audio electronics. Founded in 2010 and headquartered in Edinburgh, the company has developed an innovative product known as the invisible guitar cable. This compact plug-in device transforms traditional analogue audio equipment, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. The invisible guitar cable facilitates wireless connections between existing guitars and amplifiers, allowing users to utilize wireless effect pedals for the first time. Additionally, it enables seamless connections to any Wi-Fi-enabled PC, effectively replacing the need for costly recording and audio effects equipment. This technology also allows for the sharing of audio over the internet, enhancing the versatility of audio production and performance.

Ingenious Audio

Seed Round in 2011
Ingenious Audio Ltd is a Scottish startup that specializes in designing and manufacturing audio electronics. Founded in 2010 and headquartered in Edinburgh, the company has developed an innovative product known as the invisible guitar cable. This compact plug-in device transforms traditional analogue audio equipment, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. The invisible guitar cable facilitates wireless connections between existing guitars and amplifiers, allowing users to utilize wireless effect pedals for the first time. Additionally, it enables seamless connections to any Wi-Fi-enabled PC, effectively replacing the need for costly recording and audio effects equipment. This technology also allows for the sharing of audio over the internet, enhancing the versatility of audio production and performance.
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