Somerset Capital

Somerset Capital is a private equity investment firm based in Denver, Colorado, founded in 2005. The firm specializes in investing in distressed companies and has completed over 20 receivership turnarounds since its inception. Somerset Capital focuses on turnaround situations and seeks opportunities in both private and pre-public companies. Through its innovative approach, the firm aims to enhance the value of its investments while addressing the unique challenges faced by the companies it targets.

Robert Stevens

Principal and Managing Director

3 past transactions

Sparknano

Seed Round in 2022
SparkNano is a deep-tech company focused on advancing battery and hydrogen solutions by minimizing reliance on scarce materials through innovative thin-layer technology. The company specializes in Spatial Atomic Layer Deposition (S-ALD), a process that allows for the deposition of ultra-thin, functional layers to enhance the performance and cost-effectiveness of manufacturing fuel cells, batteries, and solar cells. SparkNano's offerings include advanced laboratory and high-throughput equipment, which are designed to support various industries in their quest for sustainability and decarbonization. By providing tools that enable the creation of thinner, more stable layers, SparkNano enhances energy density and loading cycles in batteries while facilitating the development of electrolyzers that utilize less precious materials such as Iridium and Platinum. The company also offers comprehensive process and application support to its customers, aiding them in optimizing their manufacturing processes.

Elestor

Venture Round in 2022
Elestor BV, founded in 2014 by Wiebrand Kout and headquartered in Arnhem, Netherlands, specializes in energy storage solutions aimed at facilitating the economical use of self-generated renewable electricity on a large scale. The company has developed a system that can be integrated with hydrogen infrastructures and electrolyzers, significantly reducing the costs associated with green hydrogen production. By offering cost-effective electricity storage technology, Elestor enables its clients to minimize their electricity storage expenses, thereby enhancing the viability of renewable energy sources.

Cygnus Medicare

Venture Round in 2014
Cygnus Medicare Pvt. Ltd., established in 2011, operates a chain of multi-specialty hospitals in India, primarily in the northern regions. The company specializes in super speciality surgeries, including bone and joint, cardiology, neurology and spine, obstetrics and gynecology, pediatrics, minimal access surgery, eye care, ENT, dental and cosmetic, internal medicine, and diabetology. It also provides intensive care, radiology, and urology services. As of 2019, Cygnus Medicare operates ten state-of-the-art hospitals in Delhi and Haryana, staffed by highly skilled and experienced doctors. The company aims to provide high-quality care using advanced technology, making its hospitals the preferred choice for both emergency and elective procedures.
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