TLDR:
- EMV Capital becomes the investment manager for Martlet Capital.
- EMV Capital acquires Martlet Capital’s operational business.
EMV Capital, a VC investor focusing on high-growth deep tech and life sciences companies, has been appointed as the investment manager of Martlet Capital, a seed-stage VC investor based in Cambridge. They will manage Martlet Capital’s £23.3 million portfolio of investments across 53 companies in the deep tech and life sciences sectors. Additionally, EMV Capital has acquired the operational VC business of Martlet Capital, excluding its investment portfolio. EMV Capital and its parent company, NetScientific PLC, initially invested in Martlet Capital in 2021.
Martlet Capital has seen significant exits in the last decade, including Unicorn Abcam, Audio Analytic, Cambridge CMOS Sensors, and Arachnys. Their current portfolio includes companies like Paragraf, Nu Quantum, and Xampla. With this acquisition, EMV Capital is managing £26.1 million of capital under advisory and plans to explore launching two new Martlet funds by leveraging the Martlet brand.
Dr. Ilian Iliev, MD of EMV Capital, expressed excitement about the partnership and the potential for growth in the deep tech and life sciences venture capital sector. He thanked Robert Marshall and the Martlet team for their collaboration in executing the transaction, emphasizing the shared goal of delivering returns for shareholders and further leveraging the Martlet brand.
