Episode 1 Ventures

Episode 1 Ventures is a U.K. seed-stage venture capital firm headquartered in London, United Kingdom, founded in 2013 and positioning itself as a leading early-stage investor in the U.K. B2B software ecosystem. The firm invests at pre-seed and seed stages in SaaS, B2B software, enterprise-technology, and adjacent U.K.-origin technology companies, typically writing initial check sizes in the GBP 500,000 to GBP 2.5 million range as a conviction lead-investor or significant syndicate participant. Episode 1 has raised multiple institutional funds (Fund I in 2013 at GBP 37.5 million, Fund II at GBP 60 million in 2017, Fund III at GBP 78 million in 2021, Fund IV at approximately GBP 120 million), backed by the British Business Bank's British Patient Capital and Enterprise Capital Funds programs alongside institutional LPs. The firm is led by Managing Partners Adrian Lloyd, Paul McNabb, Damien Lane, and partners Hector Mason. Notable portfolio companies include Zoopla (property portal, LSE IPO), Carwow, Touch Surgery (acquired by Medtronic), Ometria, Shopify (early UK syndicate), Supermetrics, Passfort, and numerous other U.K. B2B software companies. The firm's brand references the ''first episode'' of a company's journey, aligning with its pre-seed / seed ''first cheque'' investment thesis.