Investment

Portfolio

A selection of our portfolio includes:

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Investment

Portfolio

Archangel Lightworks

Archangel Lightworks, is a laser communications company, based in the UK, building wireless technology to connect networks in space with networks on the ground.

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Bazze

A San Francisco–based defence-tech start-up creating an intelligence targeting and early warning platform. Their product delivers in minutes what takes weeks or months - helping customers understand people, places, and events with unprecedented speed and precision.

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ClearSpace

ClearSpace build the servicing layers that enable the next generation of space operations : Inspection, life extension, and debris removal.

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Delta.g

A UK-based deep tech company pioneering quantum gravity sensing to detect underground features with high precision.

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Duality

Duality operationalises Privacy Enhancing Technologies to enable secure data and AI collaboration when faced with privacy, operational security, trust, or sovereignty blockers.

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Greenjets

Greenjets is a British aerospace technology company developing the propulsion systems, aircraft platforms and launch technologies that will shape the next generation of aviation.

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ICEYE

ICEYE is a Finland-based company that operates the world’s largest synthetic aperture radar (SAR) satellite constellation, providing real-time Earth observation in all weather and lighting conditions. Its technology supports sectors such as defence, disaster response, insurance, and maritime monitoring, with global clients across government and industry.

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Kraken Technology Group

A UK-based company developing advanced autonomous maritime platforms for defence and commercial use. Their scalable, production-ready autonomous vessels are engineered for both defence and commercial use—combining rapid prototyping, alternative powertrains, and mission-flexible designs to meet modern operational demands.

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Mutable Tactics

A UK-based start-up unlocking autonomy by solving robotic decision-making.

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Nu Quantum

A UK-based start-up building quantum networking infrastructure to scale quantum computing through entanglement-based systems.

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Orca Computing

A UK-based quantum computing company developing scalable, modular photonic quantum systems for real-world applications.

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Optalysys

A UK-based photonic computing company that uniquely integrates data movement and processing on a single chip, combining silicon photonics with cutting-edge digital technologies to deliver immense computational power required for today’s workloads and next generation cloud infrastructure.

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Optera

Optera is a UK company that designs and delivers smart neuromorphic sensors and systems for space and defence.

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Oxford Space Systems

A UK-based aerospace company specialising in deployable antennas and structures for satellites, designed to be lighter, smaller, and more cost-effective than traditional space hardware.

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Photonic

A Canadian quantum computing company developing the world’s first scalable, fault-tolerant, networked quantum computer using silicon spin qubits and photonic interconnects.

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PSIQuantum

A Californian-based company, founded in 2016, building and deploying the world’s first useful quantum computers. PsiQuantum’s photonic approach enables it to leverage high-volume semiconductor manufacturing, existing cryogenic infrastructure, and architectural flexibility to rapidly scale its systems.

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Quantum Motion

A UK-based company building scalable quantum computers using standard silicon CMOS technology, making quantum hardware compatible with existing semiconductor manufacturing.

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Red6

A tech firm delivering augmented reality (AR) solutions for military training. Its flagship product, ATARS, enables real-time visualisation of synthetic threats in dynamic environments. By integrating patented AR displays with existing systems, the company enhances Live, Virtual, and Constructive (LVC) training and operational readiness.

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Riverlane

A UK-based company specialising in quantum error correction through its Deltaflow QEC Stack, helping quantum hardware companies detect and fix millions of data errors in real time.

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Refute

Refute is the military-grade AI platform that helps governments and commercial organisations outpace their adversaries. Their real-time intelligence detects emerging disinformation campaigns before they fully manifest, and delivers context-aware response strategies so organisations can act with speed and precision.

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Sensofusion

Sensofusion is a Finnish technology company delivering battle-proven drone detection, identification, and mitigation systems. Since 2016, defence, security, and commercial clients worldwide have trusted us to safeguard critical infrastructure and airspace.

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Sofant Technologies

A UK-based company developing next-generation antenna systems for satellite and 5G communications using proprietary RF MEMS technology.

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Space Forge

A UK-based company manufacturing advanced semiconductor materials in space to enhance resilience and performance across telecoms, aerospace, and quantum infrastructure.

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TEKEVER

A Portugal-based company providing AI-enabled Unmanned Aerial Systems for wide-area surveillance, supporting environmental monitoring, search and rescue, and defence operations.

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Wayland Additive

A UK-based company revolutionising metal additive manufacturing with NeuBeam, an electron beam technology enabling precise, stable printing of high-performance materials.

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Pathways

How we make direct and indirect investments.

Partners

We collaborate with leading deep tech venture capital funds. Our fund of funds programme has invested in the following venture capital firms: