EC1 Capital

A relatively new venture capital fund, EC1 Capital invests in UK start-ups in the web and mobile space and has backed over 20 businesses to date…

Fund name: EC1 Capital
Investor category: Venture capital
Based in: Co-working spaces around London
Website: www.ec1capital.com

Description:

Founded in 2012 by serial tech entrepreneur Julian Carter, EC1 Capital is a mobile and web development fund which primarily targets businesses in London, Dublin and Edinburgh.

Investment criteria:

Investing “for the long haul”, EC1 Capital invests in seed, bridging and Series A rounds from £50,000 to £1m. For seed and bridging rounds it will invest up to £400,000, syndicate seed rounds of up to £1m and Series A of between £200,000 to £1m. The VC fund typically backs businesses in the technology space; specifically those in the mobile, web and e-commerce industries and has backed more than 20 businesses in the three years it has been active. It tends to avoid hardware-related business and doesn’t tend to invest in solo founder businesses. It looks for companies that are disrupting existing markets, re-segmented markets, or those that are part of a newly emerging market.

Size of fund:

$15.6m approx

Portfolio company:

EC1 Capital often invests as part of a syndicate round and in October 2014 it participated in a $7.5m Series A round in tech start-up WeSwap alongside IW Capital and existing investors. The funding was provided to enable the peer-to-peer social currency company to launch in international markets and increase its service offering. Founded in 2013, WeSwap operates a service which allows users to exchange currencies directly with each other at a better rate than traditional currency exchange providers.

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