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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
6
SectorsHealthcareSoftwareFinancialsEnergy

Key facts

HQLondon, United Kingdom
Founded1996
Employees56+

Recent exits

Locum's Nest
HealthTech · 2025 · 8yr hold
Egress
Cybersecurity · 2024 · 10yr hold
Phrasee
AI/ML · 2022 · 4yr hold
Achilles Therapeutics
Healthcare · 2021 · 5yr hold

Coverage notes

2 funds tracked, 48 portfolio companies (42 active · 6 realized). Verified weekly from public filings and deal announcements.

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 · 3 realized

Unrealized

38 held
5MinsActive
SoftwareUnited Kingdom· Entry 2022
AccelexActive
FintechUK· Entry 2021
FintechUnited Kingdom· Entry 2025
BoundActive
FintechUnited Kingdom· Entry 2026
BrytlytActive
Data & AnalyticsUK· Entry 2021
ConvertrActive
Data & AnalyticsUnited Kingdom· Entry 2016
FintechUK· Entry 2020
GraviteeActive
SoftwareUK· Entry 2021
GridcogActive
SoftwareUK· Entry 2024
HealiosActive
HealthTechUK· Entry 2021
HumanloopActive
AI/MLUK· Entry 2022
ImandraActive
AI/MLUK· Entry 2019
InfactActive
FintechUK· Entry 2024
IONATEActive
EnergyUK· Entry 2025
kennekActive
FintechUK· Entry 2023
KohortActive
SaaSUK· Entry 2023
Koru KidsActive
EducationUK· Entry 2019
AI/MLUK· Entry 2025
MondraActive
ClimateTechUK· Entry 2025
NuvoAirActive
HealthTechSweden· Entry 2021
AI/MLUK· Entry 2024
OphelosActive
FintechUK· Entry 2022
OutThinkActive
CybersecurityUK· Entry 2022
PeppyActive
HealthTechUK· Entry 2023
PerchPeekActive
HR TechUK· Entry 2022
SoftwareUK· Entry 2023
QuantexaActive
Data & AnalyticsUK· Entry 2017
EducationUK· Entry 2010
RunaActive
FintechUK· Entry 2020
SeldonActive
AI/MLUK· Entry 2020
SolidatusActive
Data & AnalyticsUK· Entry 2021
AI/MLUK· Entry 2019
tem.Active
EnergyUK· Entry 2023
ToqioActive
FintechUK· Entry 2022
TransFICCActive
FintechUK· Entry 2020
TreeferaActive
Data & AnalyticsUK· Entry 2024
trumpetActive
SoftwareUK· Entry 2024
uMedActive
HealthTechUK· Entry 2020

Realized

3 exits
HealthcareUnited Kingdom· Entry 2016
IPO
EgressExited 2024
CybersecurityUK· Entry 2014
Trade Saleto
PhraseeExited 2022
AI/MLUK· Entry 2018
Secondaryto
Albion Technology & General VCTEvergreen
2001 · 25yr€344M4 active · 3 realized

Unrealized

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

Realized

3 exits
GrapeshotExited 2018
AdTechUK· Entry 2014
Trade Saleto
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
Last updated June 2026 · Sourced from public filings