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Albion Capital

Albion Capital

London, United Kingdom·Founded 1996··albion.capital

Albion Capital Group LLP is a London-based independent venture and growth investment manager founded in 1996 as Close Ventures, the venture-capital arm of Close Brothers Group. The firm became independent in 2009 through a management buyout and rebranded from Albion Ventures to Albion Capital in 2017. It is one of the United Kingdom's largest and longest-established managers of Venture Capital Trusts, the London-listed closed-end vehicles that give retail investors tax-advantaged exposure to early-stage and growth British companies. Albion invests in healthcare and digital health, business-to-business software and fintech, deep technology and climate technology, alongside asset-backed and renewable-energy holdings, with its technology investing carried out under the AlbionVC brand. The firm manages approximately GBP 1 billion in assets and is regulated by the UK Financial Conduct Authority under firm reference number 492536; in December 2024 it consolidated its six Venture Capital Trusts into three.

AUM
€1.2B
Funds
2
vintages 2001–2007
Portfolio
42
Exits
15

Key facts

HQLondon, United Kingdom
Founded1996
Employees56+

Recent exits

Seldon
Seldon
AI/ML2026 · 6yr hold
Accelex
Fintech2025 · 4yr hold
Black Swan Data
Black Swan Data
Data & Analytics2025 · 3yr hold
Humanloop
Humanloop
AI/ML2025 · 3yr hold

Coverage notes

2 funds tracked, 57 portfolio companies (42 active · 15 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

57 companies
Fintech
12 · 21%
AI/ML
9 · 16%
HealthTech
8 · 14%
Data & Analytics
6 · 11%
Software
4 · 7%
Cybersecurity
4 · 7%
ClimateTech
4 · 7%
HR Tech
2 · 4%

Funds & portfolio

Every fund Albion Capital has raised, with its portfolio companies. Hand-checked from public filings.

2 funds
Albion Enterprise VCTEvergreen
2007 · 19yr€349M38 active · 12 realized

Unrealized

38 held
5Mins
5MinsActive
SoftwareUK· Entry 2022
Agio RatingsActive
FintechUK· Entry 2025
BoundActive
FintechUK· Entry 2026
Convertr
ConvertrActive
Data & AnalyticsUK· Entry 2016
Firenze
FirenzeActive
FintechUK· Entry 2026
Flok HealthActive
HealthTechUK· Entry 2026
GaussionActive
ClimateTechUK· Entry 2026
geoSurgeActive
AI/MLUK· Entry 2026
Gravitee
GraviteeActive
DevToolsUK· Entry 2021
Gridcog
GridcogActive
SoftwareUK· Entry 2024
HealiosActive
HealthTechUK· Entry 2021
Imandra
ImandraActive
AI/MLUK· Entry 2019
Infact
InfactActive
FintechUK· Entry 2024
InnerworksActive
CybersecurityUK· Entry 2025
IONATE
IonateActive
ClimateTechUK· Entry 2025
kennek
kennekActive
FintechUK· Entry 2023
Kohort
KohortActive
SaaSUK· Entry 2023
Koru Kids
Koru KidsActive
EducationUK· Entry 2019
AI/MLUK· Entry 2025
Mondra
MondraActive
ClimateTechUK· Entry 2025
NuvoAir
NuvoAirActive
HealthTechSweden· Entry 2021
OpenDialog
OpenDialogActive
AI/MLUK· Entry 2024
OpenTrade
OpenTradeActive
FintechUK· Entry 2024
OutThink
OutThinkActive
CybersecurityUK· Entry 2022
Peppy
PeppyActive
HealthTechUK· Entry 2023
PerchPeek
PerchPeekActive
HR TechUK· Entry 2022
Phasecraft
PhasecraftActive
Deep TechUK· Entry 2023
Quantexa
QuantexaActive
Data & AnalyticsUK· Entry 2017
EducationUK· Entry 2010
Runa
RunaActive
FintechUK· Entry 2020
Solidatus
SolidatusActive
Data & AnalyticsUK· Entry 2021
Speechmatics
SpeechmaticsActive
AI/MLUK· Entry 2019
tem.
tem.Active
ClimateTechUK· Entry 2023
Toqio
ToqioActive
FintechUK· Entry 2022
TransFICC
TransFICCActive
FintechUK· Entry 2020
Treefera
TreeferaActive
Data & AnalyticsUK· Entry 2024
trumpet
trumpetActive
SoftwareUK· Entry 2024
uMed
uMedActive
HealthTechUK· Entry 2020

Realized

12 exits
AccelexExited 2025
FintechUK· Entry 2021
Trade Saleto
HealthcareUK· Entry 2016
IPO
Black Swan Data
Black Swan DataExited 2025
Data & AnalyticsUK· Entry 2022
Trade Saleto
BrytlytExited 2024
Data & AnalyticsUK· Entry 2021
Trade Saleto
Clear ReviewExited 2020
HR TechUK· Entry 2019
Trade Saleto
Credit KudosExited 2022
FintechUK· Entry 2020
Trade Saleto
EgressExited 2024
CybersecurityUK· Entry 2014
Trade Saleto
Humanloop
HumanloopExited 2025
AI/MLUK· Entry 2022
Trade Saleto
Odin VisionExited 2022
HealthTechUK· Entry 2019
Trade Saleto
Ophelos
OphelosExited 2023
FintechUK· Entry 2022
Trade Saleto
PhraseeExited 2022
AI/MLUK· Entry 2018
Secondaryto
Seldon
SeldonExited 2026
AI/MLUK· Entry 2020
Trade Saleto
Albion Technology & General VCTEvergreen
2001 · 25yr€344M4 active · 3 realized

Unrealized

4 held
Concirrus
ConcirrusActive
InsurTechUK· Entry 2020
Diffblue
DiffblueActive
AI/MLUK· Entry 2022
EllipticActive
CybersecurityUK· Entry 2019
Oviva
OvivaActive
HealthTechUK· Entry 2016

Realized

3 exits
GrapeshotExited 2018
AdTechUK· Entry 2014
Trade Saleto
Locum's Nest
Locum's NestExited 2025
HealthTechUK· Entry 2017
Trade Saleto
SoftwareUK· Entry 2007
Trade Saleto
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About Albion Capital

Albion Capital is one of the UK's longest-running deep-tech venture capital trust managers with approximately £1 billion of assets under management as of December 2024 (six VCTs c.£400 million plus OLIM Investment Managers subsidiary c.£440 million plus institutional funds), headquartered in London. The firm was founded in 1996 as Close Ventures by Patrick Reeve at Close Brothers before spinning out via management buyout in 2009 to form Albion Capital Group LLP. Six VCTs were consolidated into three via mergers effective December 2024 (Albion Technology and General, Albion Crown, Albion Enterprise).

Investment thesis

Albion Capital deploys capital through three merged flagship VCTs plus five institutional vehicles (Albion Frontiers Strategy, AGOL, ACP, ARAF, ACC), targeting a dual approach across VCTs (retail) and Institutional Funds (pre-seed to growth-stage). Sector focus spans deep tech (hardware, computer science, physical sciences), software and SaaS, healthcare (healthtech and life sciences) and infrastructure. Geographic deployment is UK-focused, with the platform anchored by Quantexa as flagship holding and a 100 plus exits track record across the VCT vintages.

Recent activity

Recent realised exits include cybersecurity and software (2024), data analytics partial exit (2025) and healthtech (2025). Recent investments include Kinfolk (HR and agentic AI, February 2026), £11 million VCT top-up raised first day (November 2025) and £90 million oversubscribed deep-tech and healthcare fund close. The platform continues active deployment across the VCT and institutional fund strategies. Detailed buyer names and multiple data available on Pro at €29/month.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Will Fraser-Allen
Managing Partner
Andrew Elder
Deputy Managing Partner
Emil Gigov
Partner
Ed Lascelles
Partner
Christoph Ruedig
Partner

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Last updated August 2026 · Sourced from public filings · Report an issue