# Calculus Capital: portfolio, investments and team

> Calculus Capital is a vc firm based in United Kingdom. 18 investments on record, 3 in the last 12 months, latest Jun 2026.

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

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

# Calculus Capital

Last cheque observed Jun 2026; 18 cheques on record.

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VC firm Deploying now

Series A Series B Growth Medtech Healthtech Audio

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Deploying now

**75%** of best year **3** **cheques in 12 months**, 18 on record

Since the last cheque **159** days **00** hrs **00** min **00** sec

Median round **$4.0M** Cheque size, as they say **$1.0M – $3.0M** Rounds led **3 of 18** Sole investor **13 rounds** Mostly in **United Kingdom, 94%**

Pitch Calculus Capital

## Calculus Capital highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Venture and Series A: 77% of its rounds
- 03 Sole investor in 13 rounds, median $4.1M

## What they do

> Calculus is an EIS and VCT fund manager, investing in innovative UK businesses. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $3.0M as they say
- **Stages:** Series A Series B Growth Pre-IPO
- **Sectors:** Medtech Healthtech Audio
- **Based in:** London, United Kingdom
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **18 appearances**

- **2026** 3 rounds
- **Jun** **[Edify](https://millionrounds.com/company/edify)** Seed · GB · Calculus Capital **$4.0M** *Led*
- **May** **[Resurrect Bio](https://millionrounds.com/company/resurrect-bio)** Series A · GB · Calculus Capital **$10M** With 7 others
- **Apr** **[Optalitix](https://millionrounds.com/company/optalitix)** GB · Calculus Capital **Undisclosed** *Led*
- **2025** 2 rounds
- **Oct** **[Trogenix Ltd](https://millionrounds.com/company/trogenix-ltd)** Series A · GB · 4BIO Capital **$94M** With 7 others
- **Mar** **[Notify Technology](https://millionrounds.com/company/notify-technology)** GB · TechStartups **$1.9M** *Led*
- **2019** 3 rounds
- **Aug** **[Money Dashboard](https://millionrounds.com/company/money-dashboard)** GB · FinSMEs **$1.2M** Sole investor
- **May** **[Wazoku](https://millionrounds.com/company/wazoku)** GB · Tech.eu **$3.3M** Sole investor
- **Jan** **[Essentia Analytics](https://millionrounds.com/company/essentia-analytics)** GB · Bankingtech **$4.6M** Sole investor
- **2015** 5 rounds
- **Nov** **[Once Upon a Time](https://millionrounds.com/company/once-upon-a-time)** Venture · GB **$3.8M** Sole investor
- **Oct** **[IPV](https://millionrounds.com/company/ipv)** Venture · GB **$2.8M** Sole investor
- **Oct** **[Mologic](https://millionrounds.com/company/mologic)** Venture · GB **$4.6M** Sole investor
- **Aug** **[Synpromics Ltd](https://millionrounds.com/company/synpromics-ltd)** Venture · GB **$3.3M** Sole investor
- **Jan** **[Money Dashboard](https://millionrounds.com/company/money-dashboard)** Series A · GB **$3.7M** With 3 others
- **2014** 3 rounds
- **Nov** **[Avvio](https://millionrounds.com/company/avvio)** Venture · IE **$5.6M** Sole investor
- **Jul** **[Wheelright](https://millionrounds.com/company/wheelright)** Venture · GB **$4.2M** Sole investor
- **Mar** **[AOMi](https://millionrounds.com/company/aomi)** Venture · GB **$7.6M** Sole investor
- **2013** 2 rounds
- **Nov** **[Money Dashboard](https://millionrounds.com/company/money-dashboard)** Seed · GB · techcrunch.com **$4.1M** Sole investor
- **Jun** **[Horizon Discovery](https://millionrounds.com/company/horizon-discovery)** Series C · GB · horizondiscovery.com **$10M** With 11 others

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 **13 named**

AJ **Arthur John Glencross** secretary i Company register since 1999

JH **Julie Hong Nhan Ngo** secretary i Company register since 2021

SR **Susan Rebecca Mcdonald** director i Company register since 1999

DM **David Malcolm Thomson** director i Company register since 2005

DS **Diane Seymour-Williams** director i Company register since 2007

DJ **Doreen Julie Langston** director i Company register since 1999

HC **Herman Constantyn Van Der Wyck** director i Company register since 2004

KE **Kenneth Edwards** director i Company register since 2012

LS **L.C.I. Secretaries Limited** corporate-secretary i Company register since 1999

LS **Lesley Susan Watkins** secretary i Company register since 2002

MT **Mark Thompson** secretary i Company register since 1999

NK **Natalie Krystyna Evans** secretary i Company register since 2019

RM **Robert Martin Davis** director i Company register since 2018

We also hold **13** 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 UK company register, which it must file accurately by law

- **Companies House:** 03861194, since 1999

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 2 we have independently watched raise

Codewithfeeling EIS Portal

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.

## The cheque

Series A Series B Growth

Median round joined **$4.0M** the round, not its cheque Alone, median **$4.1M**

Led 3 of 18 rounds **17%**

- **Said size:** $1.0M – $3.0M
- **Sole investor:** 13 rounds
- **Last cheque:** Jun 2026

Rounds by stage said on their site

- Venture *7*
- Series A said *3*
- Seed *2*
- Series C *1*
- Series B said *-*
- Growth said *-*
- Pre-IPO said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies Calculus Capital put money into.

[**Edify** $4.0M · Jun 2026](https://millionrounds.com/company/edify)[**Resurrect Bio** $10M · May 2026](https://millionrounds.com/company/resurrect-bio)[**Optalitix** Apr 2026](https://millionrounds.com/company/optalitix)[**Notify Technology** $1.9M · Mar 2025](https://millionrounds.com/company/notify-technology)[**Money Dashboard** $1.2M · Aug 2019](https://millionrounds.com/company/money-dashboard)[**Wazoku** $3.3M · May 2019](https://millionrounds.com/company/wazoku)

## Quick answers about Calculus Capital

### What does Calculus Capital invest in?

Calculus Capital invests most often at Venture and Series A (77% of the rounds on record), in sectors such as Medtech, Healthtech and Audio.

### How active is Calculus Capital?

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

### What has Calculus Capital invested in recently?

Its most recent investments on record: Edify (Seed, Jun 2026), Resurrect Bio (Series A, May 2026) and Optalitix (Apr 2026).

### How big are Calculus Capital's cheques?

The median round it joins is $4.0M. It says it writes cheques of $1.0M to $3.0M.

### Does Calculus Capital lead rounds?

Yes: it led 3 of its 18 investments on record (17%).

### Where does Calculus Capital invest?

Most of the companies it backs are in the United Kingdom (94%) and Ireland (6%).

### Is Calculus Capital investing now?

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

### What kind of investor is Calculus Capital?

Calculus Capital is a VC firm based in London, United Kingdom.

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