MMC Ventures
MMC Ventures is a London-based venture capital firm founded in 2000 by Bruce Macfarlane, Alan Morgan, and Allan Cockell, investing in early and growth-stage technology companies across AI, fintech, cloud and data infrastructure, and data-driven health. The firm manages the MMC Ventures EIS Fund (open-ended since 2005, approximately GBP 364 million deployed since 2010/11), the MMC Scale Up Fund (GBP 100 million, 2019), and the Greater London Investment Fund (GBP 52 million, 2019, backed by ERDF and the European Investment Bank). MMC manages approximately USD 1 billion in total assets as of early 2026. Authorised and regulated by the UK Financial Conduct Authority under firm reference number 193704. Notable portfolio exits include Synthesia, Gousto, MUBI, Interactive Investor (abrdn GBP 1.5 billion, 2021), and Peak AI (UiPath, 2025).
Key facts
Recent exits
Coverage notes
2 funds tracked, 90 portfolio companies (74 active · 16 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
90 companiesFunds & portfolio
Every fund MMC Ventures has raised, with its portfolio companies. Hand-checked from public filings.
MMC Scale Up FundVC2019 · 7yr€115M0 active
No portfolio companies tracked yet.
MMC Ventures EIS FundVC2005 · 21yr€426M74 active · 16 realized
Unrealized
74 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Fintech |  UK | 2025 | |
| Cloud Infrastructure | UK | 2019 | |
| HealthTech | Israel | 2019 | |
| Deep Tech | UK | 2019 | |
| AI/ML |  Switzerland | 2025 | |
| Fintech | UK | 2018 | |
| Cybersecurity | UK | 2024 | |
| Deep Tech | UK | 2023 | |
| HealthTech | UK | 2022 | |
| E-commerce | UK | 2015 | |
| AI/ML | UK | 2022 | |
| HealthTech | UK | 2021 | |
| AI/ML | UK | 2021 | |
| AI/ML | UK | 2022 | |
| Fintech | UK | 2019 | |
| ClimateTech |  Germany | 2025 | |
| DevTools | UK | 2019 | |
| Fintech | UK | 2025 | |
| Fintech | UK | 2019 | |
| Fintech | UK | 2023 | |
| AI/ML | UK | 2017 | |
| Deep Tech | UK | 2021 | |
| AI/ML | UK | 2026 | |
| HealthTech | UK | 2026 | |
| AgTech | UK | 2020 | |
| FoodTech | UK | 2013 | |
| Fintech | UK | 2024 | |
| Cybersecurity | UK | 2020 | |
| DevTools | UK | 2023 | |
| AI/ML | UK | 2022 | |
| AI/ML | Germany | 2022 | |
| InsurTech | UK | 2022 | |
| E-commerce |  Spain | 2019 | |
| SaaS | UK | 2012 | |
| ClimateTech | UK | 2022 | |
| AI/ML |  United States | 2020 | |
| ClimateTech | UK | 2022 | |
| Consumer | UK | 2013 | |
| Biotech | UK | 2023 | |
| SaaS | United States | 2024 | |
| AI/ML | UK | 2021 | |
| InsurTech | Germany | 2018 | |
| SaaS | UK | 2014 | |
| Consumer | UK | 2014 | |
| HealthTech | UK | 2021 | |
| Fintech | UK | 2023 | |
| SaaS | UK | 2019 | |
| Data & Analytics | UK | 2022 | |
| InsurTech | UK | 2021 | |
| Cybersecurity | UK | 2019 | |
| Biotech | UK | 2025 | |
| HR Tech | United States | 2015 | |
| Biotech | UK | 2022 | |
| Cybersecurity | UK | 2019 | |
| AI/ML | UK | 2016 | |
| Fintech | UK | 2021 | |
| Deep Tech | UK | 2018 | |
| Data & Analytics | UK | 2019 | |
| AI/ML | UK | 2023 | |
| SaaS | UK | 2016 | |
| InsurTech | UK | 2019 | |
| ClimateTech | UK | 2023 | |
| Fintech | United States | 2021 | |
| AI/ML | UK | 2022 | |
| AI/ML | UK | 2019 | |
| Cybersecurity | UK | 2025 | |
| Fintech | UK | 2019 | |
| Cloud Infrastructure | UK | 2019 | |
| HealthTech | UK | 2020 | |
| HealthTech | UK | 2024 | |
| HealthTech | UK | 2022 | |
| HealthTech |  Austria | 2022 | |
| Fintech | UK | 2021 | |
| InsurTech | UK | 2019 |
UK· Entry 2025UK· Entry 2019UK· Entry 2019Switzerland· Entry 2025UK· Entry 2018UK· Entry 2024UK· Entry 2023UK· Entry 2022UK· Entry 2015UK· Entry 2022UK· Entry 2021UK· Entry 2021UK· Entry 2022UK· Entry 2019Germany· Entry 2025UK· Entry 2019UK· Entry 2025UK· Entry 2019UK· Entry 2023UK· Entry 2017UK· Entry 2021UK· Entry 2026UK· Entry 2026UK· Entry 2020UK· Entry 2013UK· Entry 2024UK· Entry 2020UK· Entry 2023UK· Entry 2022Germany· Entry 2022UK· Entry 2022Spain· Entry 2019UK· Entry 2012UK· Entry 2022United States· Entry 2020UK· Entry 2022UK· Entry 2013UK· Entry 2023United States· Entry 2024UK· Entry 2021Germany· Entry 2018UK· Entry 2014UK· Entry 2014UK· Entry 2021UK· Entry 2023UK· Entry 2019UK· Entry 2022UK· Entry 2021UK· Entry 2019UK· Entry 2025United States· Entry 2015UK· Entry 2022UK· Entry 2019UK· Entry 2016UK· Entry 2021UK· Entry 2018UK· Entry 2019UK· Entry 2023UK· Entry 2016UK· Entry 2019UK· Entry 2023United States· Entry 2021UK· Entry 2022UK· Entry 2019UK· Entry 2025UK· Entry 2019UK· Entry 2019UK· Entry 2020UK· Entry 2024UK· Entry 2022Austria· Entry 2022UK· Entry 2021UK· Entry 2019Realized
16 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| TMT |  France | 2022 | 2025 | Trade Sale | – | ||
| Cybersecurity | UK | 2021 | 2025 | Trade Sale | – | ||
| SaaS | UK | 2014 | 2021 | Trade Sale | – | ||
| HealthTech | UK | 2018 | 2021 | Trade Sale | – | ||
| HealthTech | UK | 2017 | 2019 | Trade Sale | – | ||
| Fintech | UK | 2010 | 2021 | Trade Sale | – | ||
| SaaS | UK | 2015 | 2018 | Trade Sale | – | ||
| Consumer | UK | 2013 | 2017 | Trade Sale | – | ||
| SaaS | UK | 2013 | 2018 | Trade Sale | – | ||
| AI/ML | UK | 2017 | 2025 | Trade Sale | – | ||
| AI/ML | UK | 2021 | 2026 | Secondary | – | ||
| AI/ML | UK | 2019 | 2022 | Trade Sale | – | ||
| Fintech | UK | 2013 | 2018 | Secondary | – | ||
| IT Services | UK | 2013 | 2022 | Trade Sale | – | ||
| SaaS | UK | 2018 | 2021 | Trade Sale | – | ||
| Consumer | UK | 2013 | 2016 | Trade Sale | – |
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About MMC Ventures
MMC Ventures is a UK research-led AI and data specialist venture capital firm with approximately £450 million ($600 million) of assets under management as of December 2024 (Knowledge Intensive EIS plus Scaleup plus flagship funds), headquartered in London. The firm was founded in 2000 and operates as a partner-owned FCA-regulated LLP. MMC Ventures is known for its thematic conviction including the proprietary AI Playbook and the MMC Connect platform delivering portfolio sales introductions, AI talent and operator coaching.
Investment thesis
MMC Ventures deploys capital through approximately six funds including the EIS Fund, KI EIS, Scaleup Fund I and II, EOT plus legacy vehicles, targeting research-led Seed and Series A investments into early-stage AI and data-native companies with £0.5-10 million tickets plus follow-on through the Scaleup Fund. Sector focus spans enterprise AI, fintech, cloud and data infrastructure, data-driven health, regtech and compliance and digital assets and Web3. Geographic deployment is UK core (~70%) with Western Europe selectively. The thesis-driven AI specialist positioning is differentiated by the proprietary MMC Connect platform.
Recent activity
Recent realised exits include AI automation (Peak to UiPath, 2025), ESG and sustainability software (Atlas Metrics, 2025), streaming and entertainment (MUBI secondary, 2025) and enterprise SaaS (CloudSense, 2024). Recent acquisitions include generative AI video (Synthesia Series D follow-on, 2025), media monitoring AI (Signal AI follow-on, 2025), bot security (Blackwall, 2024) and energy fintech platform (Cloover, 2024). The platform continues active deployment across the UK AI thesis. 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.
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