Episode 1 Partners

A small and experienced team of investors, Episode 1 has a clear focus on UK software entrepreneurs looking to build big businesses

Fund name: Episode 1 Partners
Investor category: Venture capital
Based in: London
Website: www.episode1.com

Description:

Based in London, Episode 1 was founded in January 2013 by Damien Lane, Simon Murdoch and Adrian Lloyd.

Investment criteria:

The fund invests between £250,000 and £1m alongside other investors in rounds of up to £2m. Its early and seed stage focus is on UK software businesses with product or market propositions that have the potential to reach a global customer base. Typical areas of investment include transportation, shipping and e-commerce. The team expect to see a clear business plan from experienced founders and evidence of future market traction. Copy-cat businesses with business models that require huge volumes of customers are of no interest.

Size of fund:

$60.3m

Portfolio company:

Property market disrupter eMoov is a high growth technology business with a substantial market – the UK residential property industry is estimated at £5 trillion. Founded in 2010 by estate agent entrepreneur Russell Quirk, the company has grown rapidly in the last year and says it has sold more than 3,500 properties to date, saving users am estimated £11.5m in fees. Episode 1 led a £1.5m funding round in January 2010 to help the start-up fund its new customer platform, invest in marketing and enhance its customer experience.

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