# Kelvin Capital

> Kelvin Capital is a VC fund in Glasgow backing Health Care and Biotechnology. See 90 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Glasgow, United Kingdom
- Total investments: 90
- Last investment: Dec 2025
- Lead investor: 42%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/kelvin-capital/
- X (Twitter): https://twitter.com/kelvincapital
- Website: https://www.kelvincapital.com/
- Facebook: https://www.facebook.com/KelvinCapital/

Kelvin Capital is a VC fund in Glasgow focused on Health Care and Biotechnology. Kelvin Capital was founded in 2009 and has since raised a total of over £50million into 28 portfolio companies. We invest venture capital in revenue generating growth companies which have the potential to deliver significant return to their investors. They also invest in companies that require capital to grow their business. For the right companywith the right team, Kelvin Capital provides the investment and the support needed to deliver the true potential of their business.The Kelvin Capital team has a combined 30 years experience of working with new businesses and understands both the challenges and opportunities, which will be encountered during the high growth phase. The team has built up extensive networks, which will be made available to assist and support the portfolio businesses. Kelvin Capital will actively promote the portfolio businesses through its website and social media activities raising their awareness and profile. The entire Kelvin Capital team is focused on the success of their portfolio of businesses.

## Contacts

5 contacts available for Kelvin Capital. Shizune tracks 5 team members at Kelvin Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/kelvin-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $144k–$1.7M |
| Venture - Series Unknown | $741k–$5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 7 | 8% |
| Biotechnology | 5 | 6% |
| Manufacturing | 4 | 4% |
| Service Industry | 3 | 3% |
| Hardware | 2 | 2% |

64 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 22 | 24% |
| Funding Round | 15 | 17% |
| Venture - Series Unknown | 5 | 6% |
| Series A | 4 | 4% |
| Angel | 1 | 1% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 28 | 31% |
| United States | 2 | 2% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Angus Hay | Director | 14 | https://shizune.co/investors/profile/angus-hay |
| John McNicol | Founder and Director | 28 | https://shizune.co/investors/profile/john-mcnicol-2 |
| Susie Fisher | Investment Director | 14 | https://shizune.co/investors/profile/susie-fisher |
| Hayley Leitch | Investment Administrator; Investment Administrator | 0 | https://shizune.co/investors/profile/hayley-leitch |
| Lynn Hall | Marketing Manager | 0 | https://shizune.co/investors/profile/lynn-hall |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Sofant Technologies | Sofant is developing a low cost RF MEMS technology that solves power consumption and heat problems in high frequency phased array antenna systems. | $8.4M | Venture - Series Unknown | Dec 23, 2025 |  |
| Aurora Avionics | Accelerating launch-vehicle development with flexible and modular avionics platforms. | $647.6K | Seed | Mar 27, 2025 |  |
| Biotangents | Biotangents was founded upon their Leapfrog Assembly™ platform technology for building complex genetic constructs from multiple DNA parts. This was developed through a SMART: Scotland award from Scottish Enterprise and was exe0mplified through the generation of their terpenoid biosynthesis strains. During that successful first year they alsodeveloped their DNA randomisation technology, Short Sequence Randomisation™.In 2016, having formulated a concept for a modular cell-free nucleic acid detection technology, Moduleic Sensing™, and with support from SynbiCITE, they commenced development of their first diagnostic test, a highly specific and sensitive solution for pen-side diagnosis of infectious diseases in livestock. | $2.9M | Venture - Series Unknown | Nov 28, 2024 |  |
| novosound | Novosound is the first spin-out company to emerge from the University of the West of Scotland. Novosound specializes in the design and manufacturing of innovative NDT products using groundbreaking, thin-film manufacturing techniques which addresses the limitations of traditional ultrasound. Novosound design and end-to-end manufacturing capabilitiesenables the development of highly customizable and scalable ultrasound solutions | $2.6M |  | Oct 28, 2024 |  |
| Chromacity | Chromacity Lasers is a spin-out from Heriot-Watt University, one of the UK’s leading technical universities with a focus on photonics. Their founding team has over 40 years’ experience in ultrafast lasers and fiber lasers. They have developed wavelength tunable femtosecond lasers from the ultraviolet (400 nm) to the mid-infrared (> 6 µm) forindustrial and scientific applications in fluorescence microscopy, gas spectroscopy, laser material processing and semiconductor engineering.Robust, patent-pending femtosecond fiber-laser technology underpins every product, delivering reliable, turn-key performance. But they don’t stop there: their embedded web server provides a uniquely simple control interface, allowing wireless operation from any laptop, tablet or smartphone.Their focus is on manufacturing femtosecond lasers for life-sciences applications. In parallel with these core products, they work with systems manufacturers to provide custom OEM femtosecond and picosecond lasers optimized for specific applications in engineering and materials processing. They can provide combinations of pulse repetition rate, energy and wavelength not available from any other manufacturers. | $1.3M | Seed | Jul 31, 2024 |  |
| Chromacity | Chromacity Lasers is a spin-out from Heriot-Watt University, one of the UK’s leading technical universities with a focus on photonics. Their founding team has over 40 years’ experience in ultrafast lasers and fiber lasers. They have developed wavelength tunable femtosecond lasers from the ultraviolet (400 nm) to the mid-infrared (> 6 µm) forindustrial and scientific applications in fluorescence microscopy, gas spectroscopy, laser material processing and semiconductor engineering.Robust, patent-pending femtosecond fiber-laser technology underpins every product, delivering reliable, turn-key performance. But they don’t stop there: their embedded web server provides a uniquely simple control interface, allowing wireless operation from any laptop, tablet or smartphone.Their focus is on manufacturing femtosecond lasers for life-sciences applications. In parallel with these core products, they work with systems manufacturers to provide custom OEM femtosecond and picosecond lasers optimized for specific applications in engineering and materials processing. They can provide combinations of pulse repetition rate, energy and wavelength not available from any other manufacturers. | $1.3M | Seed | Jul 31, 2024 |  |
| Sofant Technologies | Sofant is developing a low cost RF MEMS technology that solves power consumption and heat problems in high frequency phased array antenna systems. | $4.3M | Venture - Series Unknown | Jun 05, 2024 |  |
| Ingenious Audio | Ingenious Audio is a Scottish start up designing and manufacturing audio electronics."invisible guitar cable" is a compact plug in device which turns an analogue audio product, such as an electric guitar or amplifier into a wi-fi device.This system allows wireless connection of any existing guitar and amplifier; and for the firsttime will allow the use of wireless effect pedals.As the product outputs, wi-fi users can connect seamlessly to any wi-fi enabled pc, replacing the need for expensive recording and audio effects devices and crucially allows sharing of audio across the web. |  | Venture - Series Unknown | Nov 30, 2023 |  |
| novosound | Novosound is the first spin-out company to emerge from the University of the West of Scotland. Novosound specializes in the design and manufacturing of innovative NDT products using groundbreaking, thin-film manufacturing techniques which addresses the limitations of traditional ultrasound. Novosound design and end-to-end manufacturing capabilitiesenables the development of highly customizable and scalable ultrasound solutions | $4.5M | Venture - Series Unknown | Dec 19, 2022 |  |
| Snappy Shopper | Snappy Shopper delivers food, drink and household goods from local convenience stores directly to customer’s door from as little as 30 minutes. Promising contact-free and same day delivery, Snappy Shopper has disrupted the traditional online grocery shopping pattern and vastly become a household name with over 105,000 users. Working withleading brands such as SPAR, Nisa, Co-Op, Premier and hundreds of independently owned stores, Snappy Shopper provides an additional sales platform to the sector. Customers using Snappy Shopper spend an average of £27, that’s 261.93% more than the convenience store average, and top performing stores are achieving home delivery retail sales of more than £10k per week. |  | Venture - Series Unknown | Dec 13, 2022 |  |

10 of 90 investments shown.

## Co-investors
- [Scottish Enterprise](https://shizune.co/investors/profile/scottish-enterprise) — VC Fund, 51 deals together
- [EMV Capital](https://shizune.co/investors/profile/ecomachines-ventures) — VC Fund, 10 deals together
- [Scottish Investment Bank](https://shizune.co/investors/profile/scottish-investment-bank) — VC Fund, 10 deals together
- [Lancaster Capital](https://shizune.co/investors/profile/lancaster-capital) — VC Fund, 8 deals together
- [Old College Capital](https://shizune.co/investors/profile/old-college-capital) — VC Fund, 8 deals together
- [Par Equity](https://shizune.co/investors/profile/par-equity) — VC Fund, 6 deals together

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## FAQ

### What does Kelvin Capital invest in?

Kelvin Capital invests primarily in Health Care, Biotechnology and Manufacturing startups, most often at Seed and Funding Round stage. Most of the 90 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Kelvin Capital's check size?

Kelvin Capital typically joins rounds of $144k–$1.7M at Seed and $741k–$5M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Kelvin Capital participates in.

### How do I contact Kelvin Capital?

Public channels for Kelvin Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Kelvin Capital?

The team at Kelvin Capital includes Angus Hay (Director), John McNicol (Founder and Director) and Susie Fisher (Investment Director). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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