# Souter Investments

> Souter Investments is a VC fund backing Transportation. See 32 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Edinburgh, United Kingdom
- Total investments: 32
- Last investment: Aug 2025
- Lead investor: 28%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/souter-investments-limited
- Website: http://www.souterinvestments.com

Souter Investments is a VC fund in Edinburgh focused on Transportation and Information Technology. Souter Investments is transport tycoon Sir Brian Souter’s private investment vehicle.Stagecoach Group is the bedrock of our portfolio which contains 120 investments. We invest in a diverse range of private equity funds, hedge funds, bonds, quoted and unquoted investments and commercial and residential property.We are constantly on thelookout for new investment opportunities.Please look at our investment portfolio as it will give you an idea of the type of investments we make. Our focus is on low risk but high return investments.Many of our investments are in the transport and environmental sectors but we are involved in luxury goods, financial services, healthcare, power generation and various other sectors.We have a relaxed exit strategy and we will hold many of our investments for years to come.Being an ethical investor, we will not consider investments in alcohol, tobacco, armaments or gambling.

## Contacts

5 contacts available for Souter Investments. Shizune tracks 6 team members at Souter Investments. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/souter-investments?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Private Equity | $25M–$79M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Transportation | 5 | 16% |
| Information Technology | 5 | 16% |
| Financial Services | 4 | 13% |
| Retail | 3 | 9% |
| Telecommunications | 3 | 9% |

68 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 20 | 63% |
| Funding Round | 4 | 13% |
| Seed | 2 | 6% |
| Series A | 2 | 6% |
| Venture - Series Unknown | 2 | 6% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 26 | 81% |
| Finland | 1 | 3% |
| Ireland | 1 | 3% |
| Colombia | 1 | 3% |
| Australia | 1 | 3% |

6 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Brian Souter | Co Founder | 1 | https://shizune.co/investors/profile/brian-souters |
| Calum Cusiter | Investment Director | 0 | https://shizune.co/investors/profile/calum-cusiter |
| Maurice Shamash | Investment Director | 0 | https://shizune.co/investors/profile/maurice-shamash |
| Andy Macfie | Partner and Managing Director | 0 | https://shizune.co/investors/profile/andy-macfie |
| Scott Mackenzie | Investment Analyst | 0 | https://shizune.co/investors/profile/scott-mackenzie-ce89 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Approov | Approov provides mobile app security solutions focused on protecting APIs from unauthorized access and abuse. The company offers runtime application self-protection (RASP) capabilities that verify the authenticity of mobile apps and ensure they have not been tampered with or cloned. Its platform integrates with mobile apps to validate that APIrequests originate from genuine, unmodified applications and are not coming from bots, emulators, or compromised devices. Approov also enables dynamic secrets management, ensuring that keys and tokens are not stored statically within apps where they could be extracted. The solution is commonly used in industries with strict data and access controls, including fintech, healthtech, and mobility services. By verifying both the app and device integrity before allowing API access, Approov helps reduce the risk of data breaches and business logic abuse through mobile interfaces. | $6.6M | Series A | Aug 04, 2025 |  |
| All Good Things | All Good Things is a multi-brand outlet retailer that sells luxurious pre-owned, fragmented, or repaired apparel in order to promote a more sustainable fashion business. | $3.3M | Series A | Jul 13, 2023 |  |
| Intralink | Intralink is an international business development consultancy specialising in Asia. The company enables western companies to expand in Asia, Asian corporates to harness the power of global innovation and governments to grow their exports and attract foreign investment.It has been operating since 1990. As of 2023, it had 140 multilingualemployees and offices in China, Japan, South Korea, Taiwan, Singapore, America, the UK, France, Germany, Poland and Israel. Its stated mission is to accelerate companies’ growth, innovation and green transition through cost-effective, results-driven global engagement. Intralink runs sales and licensing programmes for its clients as well as undertaking market assessments and brokering partnerships. The company is different from other consultancies as it does not only develop market expansion strategies but takes a hands-on approach to identifying business opportunities and engaging clients’ customers and partners to secure deals. It also helps clients set up their own in-country presence through a local subsidiary, partnership or acquisition.Intralink’s clients range from startups to multinationals in the healthcare, automotive, energy, digital media, software and other high-growth sectors. The company has won a Queen’s Award for Enterprise and a US President’s E Award for Export Trade. | $24.9M | Private Equity | Jul 03, 2023 |  |
| Cardo Group | Cardo Group delivers building maintenance services to local authorities, social housing providers and their residents. |  | Seed | May 07, 2023 |  |
| Suir Engineering | Suir Engineering provides services such as network cabling, process automation, HV cable testing, off-site fabrication, BIM, and calibration. |  | Private Equity | Jan 01, 2023 |  |
| Pelion | Pelion delivers IoT solutions that allow users to control and securely connect their devices. The company is based in San Jose, California. |  | Private Equity | Dec 01, 2022 |  |
| SI-UK | SI-UK provides free independent advice and support to international students applying to study in the UK. |  | Private Equity | Jun 30, 2022 |  |
| The Wave | The Wave is inland surf park operator. |  | Private Equity | May 01, 2022 |  |
| Akixi | Akixi offers all-inclusive call, cloud computing and contact analytics solutions and services. |  | Private Equity | Mar 14, 2022 |  |
| CellPoint Digital | CellPoint Digital offers digital commerce and payment solutions. | $25M | Venture - Series Unknown | Jan 05, 2022 |  |

10 of 32 investments shown.

## Co-investors
- [ePlanet Capital](https://shizune.co/investors/profile/dfj-eplanet-ventures) — VC Fund, 2 deals together
- [Hermes Growth Partners](https://shizune.co/investors/profile/hermes-growth-partners) — VC Fund, 2 deals together
- [Maven Capital Partners](https://shizune.co/investors/profile/maven-capital-partners) — VC Fund, 2 deals together
- [Penta Capital](https://shizune.co/investors/profile/penta-capital) — VC Fund, 2 deals together
- [True North Advisory](https://shizune.co/investors/profile/true-north-advisory) — VC Fund, 2 deals together
- [Archimedia](https://shizune.co/investors/profile/archimedia-investments) — VC Fund, 1 deal together

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## FAQ

### What does Souter Investments invest in?

Souter Investments invests primarily in Transportation, Information Technology and Financial Services startups, most often at Private Equity and Funding Round stage. Most of the 32 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 Souter Investments's check size?

Souter Investments typically joins rounds of $25M–$79M at Private Equity. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Souter Investments participates in.

### How do I contact Souter Investments?

Public channels for Souter Investments include LinkedIn 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 Souter Investments?

The team at Souter Investments includes Brian Souter (Co Founder), Calum Cusiter (Investment Director) and Maurice Shamash (Investment Director), among 6 team members tracked by Shizune. 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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