Overview

Portfolio

A selection of our portfolio companies, both past and present, is displayed here.

Companies by sector

Healthcare equipment & services

Atlas Genetics Ltd

Atlas Genetics was established in 2005 as a spin-out from Bath University and is developing a novel platform technology, the ‘Velox™ System’, for the ultra-rapid diagnosis of infectious diseases.  The company’s focus is on diseases such as Sexually Transmitted Infections, neonatal sepsis and hospital acquired infections, particularly MRSA, where rapid diagnosis is essential for effective treatment and control. 

http://www.atlasgenetics.com
Biopta Ltd

Biopta operates as a niche Contract Research Organisation (CRO) and has established itself as a world leader in the use of human tissues to better predict drug safety and efficacy prior to clinical trials. The company is a spin-out from Glasgow Caledonian University. In November 2015, the company was acquired by Japanese listed firm Reprocell.

http://www.biopta.com
Optos plc

Founded and incorporated in 1992 by Douglas Anderson after his five-year-old son went blind in one eye, Optos commercialised a patient-friendly retinal image product that enables retinal examinations to be made more cheaply, effectively and safely. The company was floated in 2006 and subsequently acquired in April 2015 by Nikon Corporation.

http://www.optos.com
Phase Focus Ltd

Incorporated in 2006, Phase Focus has developed a proprietary process the ‘Virtual Lens’ that can generate high definition images of an object without the need for high quality lenses. 

http://www.phasefocus.com
Vascular Flow Technologies Ltd

VFT has developed and commercialised novel cardiovascular devices based on a new understanding of blood flow dynamics called Spiral Laminar Flow. By mimicking the physiological features of healthy veins and arteries into the design of grafts and stents, the spiral flow reduces turbulence and sheer wall stresses in vessels, and therefore prevents a build-up of the deposits that would eventually lead to a blockage.

http://www.vascular-flow.com

Travel & leisure

Clapham House Group PLC

Formed by two previous executive directors of Pizza Express, Clapham House Group PLC was an AIM listed company that acquired and developed restaurant formats. Brands at the time of the listing of the company included The Real Greek, The Bombay Bicycle Club, Gourmet Burger Kitchen. Tootsies was added to the portfolio later. The company was acquired by the owner of Nando's in 2010.

http://www.claphamhousegroup.com
Convivial London Pubs plc

Following the success of their first venture, the Capital Pub Company founders David Bruce and Clive Watson launched the Capital Pub Company 2 PLC, in January 2004. The company changed its name to Convivial London Pubs in August 2008 and now manages seven pubs in the London area.

http://www.conviviallondonpubs.com
The Capital Pub Company plc

Formed in 2000 by pub entrepreneurs David Bruce and Clive Watson, with the vision of building an estate of traditional type pubs, each serving its local community, the Capital Pub Company listed on AIM in June 2007.

http://www.capitalpubcompany.com

Technology hardware & equipment

Cascade Technologies Ltd

Cascade has created a technology which uses quantum cascade lasers to provide breakthrough products that create instant DNA type fingerprints of gases, enabling their presence and quantity to be detected.

http://www.cascade-technologies.com
mLED Ltd

mLED was spunout from the University of Strathclyde in 2011. It provides unique solid-state optical micro-projection systems with the potential to provide seamless integration into a variety of applications. 

http://www.mled-ltd.com
NiTech Solutions Ltd

A spin-out from Heriot-Watt University, NiTech has invented and patented a unique mixing technology known as the Continuous Oscillatory Baffled Reactor (COBRTM). This technology is for use in a variety of chemical, pharmaceutical, and other process industries.

http://www.nitechsolutions.co.uk
Pyreos Ltd

Formed in 2007, Pyreos has developed a patented thin film pyro-electric ceramic technology for use in a new range of infra-red sensor products. The technology will initially be applied for use in mass market and high value specialist applications such as motion detectors, spectroscopy and infra-red cameras.

http://www.pyreos.com
Vibration Technology Ltd

Originally based in Larbert, Vibtech developed a high speed wireless solution for seismic surveys in the oil and gas services sector. Vibtech was sold to French company Sercel in October 2006.

http://www.sercel.com

Software & computer services

Bloxx Ltd

Founded in 1999, Bloxx is an award-winning web filtering company which has developed novel approaches to prevent inappropriate use of the web, both to stop nasty web material from hitting users' desktops, and also to give control over access to other types of websites that impact on user productivity, such as shopping. The company has expanded to a multimillion pound operation with products sold in Europe and North America. The company was acquired in November 2015 by NASDAQ-listed Akamai.

http://www.bloxx.com
Dimensional Imaging Ltd

A double spin-out from Edinburgh and Glasgow universities, Dimensional Imaging was the first company to be supported by Braveheart's SMART Equity Scheme. The company provides 3D and 4D image capture systems to the entertainment, medical, and other industries. The company’s 4D capture system has been used on award winning projects, giving animation teams around the world the edge.

http://www.di3d.com
Gyrometric Systems Ltd

Gyrometric has developed a patent protected system of hardware and software to accurately monitor the vibrations in rotating shafts. Warnings generated by this system helps prevent expensive and untimely breakdowns in industry and transport. The company is a spin out from Nottingham Trent University and is based in Nottingham, UK. Its equipment is used to measure the performance of both high-speed and low-speed shafts in a wide variety of applications such as marine engines, wind turbines and industrial machine tools. The Gyrometric monitoring system can be used to protect drive-trains from overload damage, or predict when maintenance is required and hence allows customers to operate at maximum efficiency, saving energy, maintenance and capital costs. By detecting and monitoring minute irregularities in the motion of drive shafts the Gyrometric products predict failure of these shafts and the motors, bearings and couplings attached to them.

Gyrometric already has established sales partners in Germany and Asia and its leading marine OEM customer has been operating the Gyrometric MDS2 technology successfully in the tug boat and cruise liner markets for several years. The company is planning to roll this out to cruise liner operators across the world, where planned maintenance can save them many hundred thousand pounds a day verses a breakdown or delayed departure.

http://gyrometric.systems/
imsense Ltd

Founded in January 2006 as a spin-out from the University of East Anglia, imsense was an image signal processing technology company. Im-sense was acquired by an undisclosed trade buyer in July 2010.

Electronic & electrical equipment

Conjunct Ltd

Based in Livingston, Conjunct was formed in 2004 to address the ever-increasing need for higher-bandwidth and higher-speed optical data and communications transmission devices.

http://www.conjunct.co.uk
Design LED Products Ltd

Design LED Products has developed and patented technology to embed Light Emitting Diodes (LEDs) within printed light-guide devices. This enables thin, flexible, high efficiency light panels and displays suitable for a range of applications from consumer electronic devices to large area LED lighting and LCD TV backlighting.

http://www.designledproducts.com
Paraytec Ltd

Paraytec develops high performance specialist detectors for the analytical and life sciences instrumentation market. The company is based in York in the United Kingdom and has developed and patented its innovative ActiPix™ technology for optical imaging and absorbance measurements of fluid samples flowing in capillaries or fluid flow cuvettes. This technology enables researchers to measure the viscosity of drug formulations and the effective size of the active ingredients in these formulations. Paraytec's instruments can also be used to monitor how tablets, gels and creams, release their active ingredients into liquids, including biological media, as well as across membranes such as skin. The use of this technology allows the user to materially speed up drug development efforts by providing data in a real time that would otherwise be unavailable. Paraytec will focus resources on supporting its two license deals, which are progressing well: Malvern Instruments (part of Spectris plc) has incorporated ActiPix™ technology into its own branded instruments, which are now well established in the market place; and Sirius Analytical (part of Pion Inc.) launched its own instrument in the US in late 2016.

http://paraytec.com/
Pufferfish Ltd

Formed in 2004, Pufferfish has developed dynamic digital display systems using spherical projection for the events and exhibitions market.

http://www.pufferfishdisplays.co.uk
Traak Systems Ltd

Founded in 2005, Traak is developing intelligent self-learning radio frequency identification (RFID) and sensor solutions for the growing RFID sector. RFID technology is commonly used in a wide variety of industries such as retail, transportation, logistics and healthcare.

http://www.traak.com
Wolfson MicroElectronics

A spin-out from the University of Edinburgh, Wolfson Microelectronics provides engineering solutions in the digital audio sector of the consumer electronics market. In October 2003 the company made its debut on the London Stock Exchange with a market capitalisation of c£250m.

http://www.wolfsonmicro.com

Pharmaceuticals & biotechnology

EctoPharma Ltd

EctoPharma is virtual pharmaceutical company focused on commercialising patented technologies by developing new medicines which address unmet therapeutic needs in major markets.  The company is currently conducting R&D work into a novel gene therapy which may have the potential to help the treatment of several forms of cancer.

http://www.ectopharma.com
Kirkstall Ltd

Kirkstall has developed Quasi Vivo™, a system of interconnected chambers for cell and tissue culture in laboratories. Its patented technology is used by researchers in academia and drug development companies to maintain living cells in a nutrient flow. The technology, often referred to as 'organ on a chip', provides a way to model the behaviour of multiple human organs interconnected by a flow system that mimics the flow of blood in the body. Introducing flow into cell culture has the benefit that the cells are more active and respond to stimuli (such as dosing with a drug or chemical) in a way that is more predictive of what is likely to happen in a clinical environment.

Kirkstall's products are already being used by researchers in the development of drugs, nutraceuticals, cosmetics and personal care products. By enabling the testing of drugs on living tissue, there is the potential to greatly reduce the need for expensive animal testing and improve the chances of success in human clinical trials.

http://www.kirkstall.com/

Companies by alphabetical order

Directory of companies

Atlas Genetics Ltd

Atlas Genetics was established in 2005 as a spin-out from Bath University and is developing a novel platform technology, the ‘Velox™ System’, for the ultra-rapid diagnosis of infectious diseases.  The company’s focus is on diseases such as Sexually Transmitted Infections, neonatal sepsis and hospital acquired infections, particularly MRSA, where rapid diagnosis is essential for effective treatment and control. 

http://www.atlasgenetics.com
Biopta Ltd

Biopta operates as a niche Contract Research Organisation (CRO) and has established itself as a world leader in the use of human tissues to better predict drug safety and efficacy prior to clinical trials. The company is a spin-out from Glasgow Caledonian University. In November 2015, the company was acquired by Japanese listed firm Reprocell.

http://www.biopta.com
Bloxx Ltd

Founded in 1999, Bloxx is an award-winning web filtering company which has developed novel approaches to prevent inappropriate use of the web, both to stop nasty web material from hitting users' desktops, and also to give control over access to other types of websites that impact on user productivity, such as shopping. The company has expanded to a multimillion pound operation with products sold in Europe and North America. The company was acquired in November 2015 by NASDAQ-listed Akamai.

http://www.bloxx.com
Cascade Technologies Ltd

Cascade has created a technology which uses quantum cascade lasers to provide breakthrough products that create instant DNA type fingerprints of gases, enabling their presence and quantity to be detected.

http://www.cascade-technologies.com
Clapham House Group PLC

Formed by two previous executive directors of Pizza Express, Clapham House Group PLC was an AIM listed company that acquired and developed restaurant formats. Brands at the time of the listing of the company included The Real Greek, The Bombay Bicycle Club, Gourmet Burger Kitchen. Tootsies was added to the portfolio later. The company was acquired by the owner of Nando's in 2010.

http://www.claphamhousegroup.com
Conjunct Ltd

Based in Livingston, Conjunct was formed in 2004 to address the ever-increasing need for higher-bandwidth and higher-speed optical data and communications transmission devices.

http://www.conjunct.co.uk
Convivial London Pubs plc

Following the success of their first venture, the Capital Pub Company founders David Bruce and Clive Watson launched the Capital Pub Company 2 PLC, in January 2004. The company changed its name to Convivial London Pubs in August 2008 and now manages seven pubs in the London area.

http://www.conviviallondonpubs.com
Design LED Products Ltd

Design LED Products has developed and patented technology to embed Light Emitting Diodes (LEDs) within printed light-guide devices. This enables thin, flexible, high efficiency light panels and displays suitable for a range of applications from consumer electronic devices to large area LED lighting and LCD TV backlighting.

http://www.designledproducts.com
Dimensional Imaging Ltd

A double spin-out from Edinburgh and Glasgow universities, Dimensional Imaging was the first company to be supported by Braveheart's SMART Equity Scheme. The company provides 3D and 4D image capture systems to the entertainment, medical, and other industries. The company’s 4D capture system has been used on award winning projects, giving animation teams around the world the edge.

http://www.di3d.com
EctoPharma Ltd

EctoPharma is virtual pharmaceutical company focused on commercialising patented technologies by developing new medicines which address unmet therapeutic needs in major markets.  The company is currently conducting R&D work into a novel gene therapy which may have the potential to help the treatment of several forms of cancer.

http://www.ectopharma.com
Gyrometric Systems Ltd

Gyrometric has developed a patent protected system of hardware and software to accurately monitor the vibrations in rotating shafts. Warnings generated by this system helps prevent expensive and untimely breakdowns in industry and transport. The company is a spin out from Nottingham Trent University and is based in Nottingham, UK. Its equipment is used to measure the performance of both high-speed and low-speed shafts in a wide variety of applications such as marine engines, wind turbines and industrial machine tools. The Gyrometric monitoring system can be used to protect drive-trains from overload damage, or predict when maintenance is required and hence allows customers to operate at maximum efficiency, saving energy, maintenance and capital costs. By detecting and monitoring minute irregularities in the motion of drive shafts the Gyrometric products predict failure of these shafts and the motors, bearings and couplings attached to them.

Gyrometric already has established sales partners in Germany and Asia and its leading marine OEM customer has been operating the Gyrometric MDS2 technology successfully in the tug boat and cruise liner markets for several years. The company is planning to roll this out to cruise liner operators across the world, where planned maintenance can save them many hundred thousand pounds a day verses a breakdown or delayed departure.

http://gyrometric.systems/
imsense Ltd

Founded in January 2006 as a spin-out from the University of East Anglia, imsense was an image signal processing technology company. Im-sense was acquired by an undisclosed trade buyer in July 2010.

Kirkstall Ltd

Kirkstall has developed Quasi Vivo™, a system of interconnected chambers for cell and tissue culture in laboratories. Its patented technology is used by researchers in academia and drug development companies to maintain living cells in a nutrient flow. The technology, often referred to as 'organ on a chip', provides a way to model the behaviour of multiple human organs interconnected by a flow system that mimics the flow of blood in the body. Introducing flow into cell culture has the benefit that the cells are more active and respond to stimuli (such as dosing with a drug or chemical) in a way that is more predictive of what is likely to happen in a clinical environment.

Kirkstall's products are already being used by researchers in the development of drugs, nutraceuticals, cosmetics and personal care products. By enabling the testing of drugs on living tissue, there is the potential to greatly reduce the need for expensive animal testing and improve the chances of success in human clinical trials.

http://www.kirkstall.com/
mLED Ltd

mLED was spunout from the University of Strathclyde in 2011. It provides unique solid-state optical micro-projection systems with the potential to provide seamless integration into a variety of applications. 

http://www.mled-ltd.com
NiTech Solutions Ltd

A spin-out from Heriot-Watt University, NiTech has invented and patented a unique mixing technology known as the Continuous Oscillatory Baffled Reactor (COBRTM). This technology is for use in a variety of chemical, pharmaceutical, and other process industries.

http://www.nitechsolutions.co.uk
Optos plc

Founded and incorporated in 1992 by Douglas Anderson after his five-year-old son went blind in one eye, Optos commercialised a patient-friendly retinal image product that enables retinal examinations to be made more cheaply, effectively and safely. The company was floated in 2006 and subsequently acquired in April 2015 by Nikon Corporation.

http://www.optos.com
Paraytec Ltd

Paraytec develops high performance specialist detectors for the analytical and life sciences instrumentation market. The company is based in York in the United Kingdom and has developed and patented its innovative ActiPix™ technology for optical imaging and absorbance measurements of fluid samples flowing in capillaries or fluid flow cuvettes. This technology enables researchers to measure the viscosity of drug formulations and the effective size of the active ingredients in these formulations. Paraytec's instruments can also be used to monitor how tablets, gels and creams, release their active ingredients into liquids, including biological media, as well as across membranes such as skin. The use of this technology allows the user to materially speed up drug development efforts by providing data in a real time that would otherwise be unavailable. Paraytec will focus resources on supporting its two license deals, which are progressing well: Malvern Instruments (part of Spectris plc) has incorporated ActiPix™ technology into its own branded instruments, which are now well established in the market place; and Sirius Analytical (part of Pion Inc.) launched its own instrument in the US in late 2016.

http://paraytec.com/
Phase Focus Ltd

Incorporated in 2006, Phase Focus has developed a proprietary process the ‘Virtual Lens’ that can generate high definition images of an object without the need for high quality lenses. 

http://www.phasefocus.com
Pufferfish Ltd

Formed in 2004, Pufferfish has developed dynamic digital display systems using spherical projection for the events and exhibitions market.

http://www.pufferfishdisplays.co.uk
Pyreos Ltd

Formed in 2007, Pyreos has developed a patented thin film pyro-electric ceramic technology for use in a new range of infra-red sensor products. The technology will initially be applied for use in mass market and high value specialist applications such as motion detectors, spectroscopy and infra-red cameras.

http://www.pyreos.com
The Capital Pub Company plc

Formed in 2000 by pub entrepreneurs David Bruce and Clive Watson, with the vision of building an estate of traditional type pubs, each serving its local community, the Capital Pub Company listed on AIM in June 2007.

http://www.capitalpubcompany.com
Traak Systems Ltd

Founded in 2005, Traak is developing intelligent self-learning radio frequency identification (RFID) and sensor solutions for the growing RFID sector. RFID technology is commonly used in a wide variety of industries such as retail, transportation, logistics and healthcare.

http://www.traak.com
Vascular Flow Technologies Ltd

VFT has developed and commercialised novel cardiovascular devices based on a new understanding of blood flow dynamics called Spiral Laminar Flow. By mimicking the physiological features of healthy veins and arteries into the design of grafts and stents, the spiral flow reduces turbulence and sheer wall stresses in vessels, and therefore prevents a build-up of the deposits that would eventually lead to a blockage.

http://www.vascular-flow.com
Vibration Technology Ltd

Originally based in Larbert, Vibtech developed a high speed wireless solution for seismic surveys in the oil and gas services sector. Vibtech was sold to French company Sercel in October 2006.

http://www.sercel.com
Wolfson MicroElectronics

A spin-out from the University of Edinburgh, Wolfson Microelectronics provides engineering solutions in the digital audio sector of the consumer electronics market. In October 2003 the company made its debut on the London Stock Exchange with a market capitalisation of c£250m.

http://www.wolfsonmicro.com