# Begin Capital: portfolio, investments and team > Begin Capital is a vc firm based in United Kingdom. 5 investments on record, 4 in the last 12 months, latest Jul 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/begin-capital (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Investor](https://millionrounds.com/investors) # Begin Capital Last cheque observed Jul 2026; 5 cheques on record. Email Deploying now New fund $40M, Sept 2026 VC firm Seed Series A Series B AI/ML Digital Health Digital Health Follow Begin Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fbegin-capital) Deploying now **100%** of best year **4** **cheques in 12 months**, 5 on record Since the last cheque **96** days **00** hrs **00** min **00** sec Median round **$25M** Cheque size, as they say **$200K – $3.0M** Rounds led **1 of 5** Pitch Begin Capital ## Begin Capital highlights - 01 4 cheques in the last 12 months - 02 Mostly Series A and Seed: 80% of its rounds - 03 Led 1 rounds ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** $200K – $3.0M as they say - **Stages:** Seed Series A Series B Growth - **Sectors:** AI/ML Digital Health Digital Health - **Based in:** London, United Kingdom - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **5 appearances** - **2026** 3 rounds - **Jul** **[Dwelly](https://millionrounds.com/company/dwelly)** Series B · GB · Ventureburn **$170M** With 6 others - **Apr** **[All3](https://millionrounds.com/company/all3)** Seed · Ventureburn **$25M** With 4 others - **Feb** **[SurrealDB](https://millionrounds.com/company/surrealdb)** Series A · GB · TechStartups **$23M** With 5 others - **2025** 1 round - **Dec** **[Runware](https://millionrounds.com/company/runware)** Series A · Comcast Ventures **$50M** With 7 others - **2020** 1 round - **May** **[Zadaa](https://millionrounds.com/company/zadaa)** Series A · FI · Firms' own news pages **$4.4M** *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 **2 named** NG **Natalia Gorbunova** Managing Member i Filing they signed NP **Noubar Pechdimaljian** Managing Member of the General Partner i Filing they signed We also hold **7** 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 they claim to have backed From their own portfolio page (on their website) **25** of 30 we have independently watched raise [ALL3](https://millionrounds.com/company/all3)[Appfactor](https://millionrounds.com/company/appfactor)[Cloudchipr](https://millionrounds.com/company/cloudchipr)[Codesphere](https://millionrounds.com/company/codesphere)[Convious](https://millionrounds.com/company/convious)[Dwelly](https://millionrounds.com/company/dwelly)[EBAC Online](https://millionrounds.com/company/ebac-online)[Finom](https://millionrounds.com/company/finom)[Fundraise Up](https://millionrounds.com/company/fundraise-up)[IVM Markets](https://millionrounds.com/company/ivm-markets)[Kapaga](https://millionrounds.com/company/kapaga)[LoanBase](https://millionrounds.com/company/loanbase)[Middleware](https://millionrounds.com/company/middleware)[Naduvi](https://millionrounds.com/company/naduvi)[Native Teams](https://millionrounds.com/company/native-teams)[Runware](https://millionrounds.com/company/runware)[Simplyblock](https://millionrounds.com/company/simplyblock)[Streamkap](https://millionrounds.com/company/streamkap)[Thrust Carbon](https://millionrounds.com/company/thrust-carbon)[Tomorrow Things](https://millionrounds.com/company/tomorrow-things)[Uncrowd](https://millionrounds.com/company/uncrowd)[Vamstar](https://millionrounds.com/company/vamstar)[Xmemory](https://millionrounds.com/company/xmemory)[Zadaa](https://millionrounds.com/company/zadaa)[Zencoder](https://millionrounds.com/company/zencoder) Actable AI Bulbshare Crewline Tomi Woom 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 **$40M** raised in Sept 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$25M** the round, not its cheque Led 1 of 5 rounds **20%** - **Said size:** $200K – $3.0M - **Sole investor:** Never alone - **Last cheque:** Jul 2026 Rounds by stage said on their site - Series A said *3* - Seed said *1* - Series B said *1* - Growth said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [S16vc](https://millionrounds.com/fund/s16vc-founders-for-founders-fund) 2 **Pitching Begin Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Begin Capital. A count of rooms they were both in, not a relationship either has claimed. [**S16vc** Angel network **2** rounds together](https://millionrounds.com/fund/s16vc-founders-for-founders-fund) ## Recently backed The latest companies Begin Capital put money into. [**Dwelly** $170M · Jul 2026](https://millionrounds.com/company/dwelly)[**All3** $25M · Apr 2026](https://millionrounds.com/company/all3)[**SurrealDB** $23M · Feb 2026](https://millionrounds.com/company/surrealdb)[**Runware** $50M · Dec 2025](https://millionrounds.com/company/runware)[**Zadaa** $4.4M · May 2020](https://millionrounds.com/company/zadaa) ## On podcasts 1 episode naming Begin Capital in the title. - [VC10X](https://millionrounds.com/podcasts/vc10x) 5 Mar 2023 · 24 min VC10X - Venture Capital is like a TV Series- Alex Menn, Partner, Begin Capital With [Alex Menn](https://millionrounds.com/person/alex-menn) Mentions [Begin Capital](https://millionrounds.com/fund/begin-capital) Apple PodcastsShow page ## Quick answers about Begin Capital ### What does Begin Capital invest in? Begin Capital invests most often at Series A and Seed (80% of the rounds on record), in sectors such as AI/ML, Digital Health and Digital Health. ### How active is Begin Capital? 5 investments on record, 4 of them in the last 12 months, and it led 1. The most recent was in Jul 2026. ### What has Begin Capital invested in recently? Its most recent investments on record: Dwelly (Series B, Jul 2026), All3 (Seed, Apr 2026) and SurrealDB (Series A, Feb 2026). ### How big are Begin Capital's cheques? The median round it joins is $25M. It says it writes cheques of $200K to $3.0M. ### Does Begin Capital lead rounds? Yes: it led 1 of its 5 investments on record (20%). ### Is Begin Capital investing now? Yes: it is actively investing, with 4 investments in the last 12 months. ### Who does Begin Capital invest alongside? Most often S16vc (2 rounds together). ### What kind of investor is Begin Capital? Begin Capital is a VC firm based in London, United Kingdom. ## Raising now? 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