# AP Ventures: portfolio, investments and team

> AP Ventures is a vc firm based in United Kingdom. 8 investments on record, 3 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/ap-ventures (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Investor](https://millionrounds.com/investors)

# AP Ventures

Last cheque observed Oct 2026; 8 cheques on record.

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Deploying now New fund $195M, Jan 2025 VC firm

Pre-seed Seed Series A Sector-agnostic Generalist No Sector

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Deploying now

**75%** of best year **3** **cheques in 12 months**, 8 on record

Since the last cheque **30** days **00** hrs **00** min **00** sec

Median round **$9.9M** Cheque size, as they say **$100K – $5.0M** Rounds led **3 of 8** Mostly in **United States, 63%**

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## AP Ventures highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Series A and Pre-seed: 67% of its rounds
- 03 Led 3 rounds

## What they do

> AP Ventures is a specialist venture capital firm headquartered in London, investing globally in the technologies reshaping the industrial economy. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $5.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Sector-agnostic Generalist No Sector
- **Based in:** London, United Kingdom
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **8 appearances**

- **2026** 3 rounds
- **Oct** **[Reclinker](https://millionrounds.com/company/reclinker)** Series A · GB · Firms' own news pages **$13M** *Led*
- **Aug** **[Teragen Energy](https://millionrounds.com/company/teragen-energy)** Pre-seed · US · Firms' own news pages **$6.0M** With 6 others
- **May** **[Crew Carbon](https://millionrounds.com/company/crew-carbon)** Series A · US · Ventureburn **$25M** With 5 others
- **2025** 4 rounds
- **Oct** **[Immaterial](https://millionrounds.com/company/immaterial)** Series A · GB · Firms' own news pages **$18M** With 6 others
- **Mar** **[Noble Gas Systems](https://millionrounds.com/company/noble-gas-systems)** Series B · US · AP Ventures **$4.2M** *Led*
- **Feb** **[Mitico](https://millionrounds.com/company/mitico)** Seed · US · TechCrunch **$4.3M** With 9 others
- **Jan** **[Amogy](https://millionrounds.com/company/amogy)** US · Kibo Invest **$56M** With 14 others
- **2024** 1 round
- **Oct** **[Hydrogen Mem-Tech](https://millionrounds.com/company/hydrogen-mem-tech)** NO · Firms' own news pages **$6.6M** *Led*

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **4 named**

AR **Andrew Robert Hinkly** Designated Member of General Partner i Filing they signed

KA **Kevin Arthur Eggers** Designated Member of General Partner i Filing they signed

PS **Pamela Sewmatie Devi Darchiville** CFO and Compliance Officer of Ap Ventures LLP i Form ADV

PA **Penelope Anne Freer** Chairman of Ap Ventures LLP i Form ADV

We also hold **29** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$37M** gross assets of its funds Oct 2026

**3+** funds on file numbered funds in its name

**Exempt** reporting adviser venture or small private funds

- **Legal name:** AP Ventures LLP
- **SEC number:** CRD 332479

## What they claim to have backed

From their own portfolio page (on their website)

**13** of 28 we have independently watched raise

[Aether Fuels](https://millionrounds.com/company/aether-fuels)[Amogy](https://millionrounds.com/company/amogy)[CREW Carbon](https://millionrounds.com/company/crew-carbon)[Fairbrics](https://millionrounds.com/company/fairbrics)[HPNow](https://millionrounds.com/company/hpnow)[Hystar](https://millionrounds.com/company/hystar)[Immaterial](https://millionrounds.com/company/immaterial)[Infinium](https://millionrounds.com/company/infinium)[Mitico](https://millionrounds.com/company/mitico)[Noble Gas Systems](https://millionrounds.com/company/noble-gas-systems)[Rosy Soil](https://millionrounds.com/company/rosy-soil)[Teragen Energy](https://millionrounds.com/company/teragen-energy)[ZeroAvia](https://millionrounds.com/company/zeroavia) Airhive Attributes EH Group Fabrum Fca GreyRock Hazer Group Limited HyET Hydrogenious Hypermotive Lydian Labs Plug Power Rubi Laboratories Snowfox Discovery United Hydrogen

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$195M**

raised in Jan 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$9.9M** the round, not its cheque

Led 3 of 8 rounds **38%**

- **Said size:** $100K – $5.0M
- **Sole investor:** Never alone
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Series A said *3*
- Pre-seed said *1*
- Seed said *1*
- Series B said *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Aramco Ventures](https://millionrounds.com/fund/aramco-ventures) 2
- [Kibo Invest](https://millionrounds.com/fund/kibo-invest) 2

**Pitching AP Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as AP Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Aramco Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/aramco-ventures)[**Kibo Invest** Family office **2** rounds together](https://millionrounds.com/fund/kibo-invest)

## Recently backed

The latest companies AP Ventures put money into.

[**Teragen Energy** $6.0M · Aug 2026](https://millionrounds.com/company/teragen-energy)[**Crew Carbon** $25M · May 2026](https://millionrounds.com/company/crew-carbon)[**Immaterial** $18M · Oct 2025](https://millionrounds.com/company/immaterial)[**Noble Gas Systems** $4.2M · Mar 2025](https://millionrounds.com/company/noble-gas-systems)[**Mitico** $4.3M · Feb 2025](https://millionrounds.com/company/mitico)[**Amogy** $56M · Jan 2025](https://millionrounds.com/company/amogy)

## Quick answers about AP Ventures

### What does AP Ventures invest in?

AP Ventures invests most often at Series A and Pre-seed (67% of the rounds on record), in sectors such as Sector-agnostic, Generalist and No Sector.

### How active is AP Ventures?

8 investments on record, 3 of them in the last 12 months, and it led 3. The most recent was in Oct 2026.

### What has AP Ventures invested in recently?

Its most recent investments on record: Reclinker (Series A, Oct 2026), Teragen Energy (Pre-seed, Aug 2026) and Crew Carbon (Series A, May 2026).

### How big are AP Ventures's cheques?

The median round it joins is $9.9M. It says it writes cheques of $100K to $5.0M.

### Does AP Ventures lead rounds?

Yes: it led 3 of its 8 investments on record (38%).

### Where does AP Ventures invest?

Most of the companies it backs are in the United States (63%), the United Kingdom (25%) and Norway (13%).

### Is AP Ventures investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does AP Ventures invest alongside?

Most often Aramco Ventures (2 rounds together) and Kibo Invest (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=ap-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=ap-ventures)
