# Doughty Hanson: portfolio, investments and team

> Doughty Hanson is a private equity based in United Kingdom. 28 investments on record, latest Dec 2012. Portfolio, stages, co-investors and team.

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

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

# Doughty Hanson

Last cheque observed Dec 2012. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet New fund $13M, Oct 2012 Private equity

Seed Series A Series B B2B Finance Information Technology

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 28 on record

Since the last cheque **5051** days **00** hrs **00** min **00** sec

Median round **$7.5M** Rounds led **0 of 28** Sole investor **8 rounds** Exits **6 from the portfolio** Mostly in **United Kingdom, 38%**

Pitch Doughty Hanson

## Doughty Hanson highlights

- 01 28 rounds on record
- 02 Mostly Series B and Venture: 57% of its rounds
- 03 Sole investor in 8 rounds, median $3.7M
- 04 6 exits from the portfolio

## What they do

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** B2B Finance Information Technology
- **Based in:** London, United Kingdom
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **28 appearances**

- **2012** 4 rounds
- **Dec** **[Sustainable Energy](https://millionrounds.com/company/sustainable-energy)** Growth · CA · pevc.dowjones.com **$500K** Sole investor
- **Oct** **[RainStor](https://millionrounds.com/company/rainstor)** Series C · US · techcrunch.com **$12M** With 4 others
- **Feb** **[nScaled](https://millionrounds.com/company/nscaled)** Series A · US · fis.dowjones.com **$7.0M** With 1 other
- **Feb** **[SecretSales](https://millionrounds.com/company/secretsales)** GB · techcrunch.com **$10.0M** With 2 others
- **2011** 1 round
- **Mar** **[MegaZebra](https://millionrounds.com/company/megazebra)** Series B · DE · eu.techcrunch.com **Undisclosed** With 2 others
- **2010** 3 rounds
- **Sept** **[MBA Polymers](https://millionrounds.com/company/mba-polymers)** Venture · US · venturebeat.com **$6.6M** With 4 others
- **Jul** **[Handmade Mobile](https://millionrounds.com/company/handmade-mobile)** Series C · GB **$9.0M** With 2 others
- **Mar** **[RainStor](https://millionrounds.com/company/rainstor)** Series B · US · earthtimes.org **$7.5M** With 3 others
- **2009** 6 rounds
- **Aug** **[Ubidyne](https://millionrounds.com/company/ubidyne)** Series B · US · freshnews.com **$43M** With 3 others
- **May** **[Sustainable Energy](https://millionrounds.com/company/sustainable-energy)** Series C · CA · silobreaker.com **$7.6M** Sole investor
- **Apr** **[Garlik](https://millionrounds.com/company/garlik)** Series C · GB **$2.3M** With 1 other
- **Apr** **[SoundCloud Inc.](https://millionrounds.com/company/soundcloud-inc)** Series A · DE · techcrunch.com **$3.3M** Sole investor
- **Feb** **[RainStor](https://millionrounds.com/company/rainstor)** Venture · US · storage.itbusinessnet.com **$4.0M** Sole investor
- **Jan** Seed · bootuplabs.com **$4.0M** With 5 others
- **2008** 3 rounds
- **Sept** **[MBA Polymers](https://millionrounds.com/company/mba-polymers)** Series F · US **$20M** With 4 others
- **Jul** **[20:20 Mobile](https://millionrounds.com/company/20-20-mobile)** Venture · AE **$30M** Sole investor
- **Jun** **[Garlik](https://millionrounds.com/company/garlik)** Venture · GB **$5.0M** With 2 others
- **2007** 5 rounds
- **Jun** **[Handmade Mobile](https://millionrounds.com/company/handmade-mobile)** Series B · GB · growthbusiness.co.uk **$4.0M** With 1 other
- **Jun** **[AdaptiveMobile](https://millionrounds.com/company/adaptivemobile)** Series B · IE **$14M** With 2 others
- **Apr** **[Garlik](https://millionrounds.com/company/garlik)** Series B · GB **$12M** With 1 other
- **Feb** **[Plazes](https://millionrounds.com/company/plazes)** Series A · DE · techcrunch.com **$3.5M** Sole investor
- **Jan** **[Mobango](https://millionrounds.com/company/mobango)** GB · thealarmclock.com **$3.9M** Sole investor
- **2006** 4 rounds
- **Dec** **[Setanta](https://millionrounds.com/company/setanta)** Growth **$417M** With 2 others
- **Sept** **[DeepStream Technologies](https://millionrounds.com/company/deepstream-technologies)** Series B · GB · 3i.com **$15M** With 1 other
- **Apr** **[Garlik](https://millionrounds.com/company/garlik)** Series A · GB **$5.4M** With 1 other
- **Feb** **[Actionality](https://millionrounds.com/company/actionality)** Venture · DE **$1.0M** Sole investor
- **2005** 2 rounds
- **Jun** **[Azure Solutions](https://millionrounds.com/company/azure-solutions)** Venture · GB · denver.bizjournals.com **$15M** With 4 others
- **May** **[Orchestria Corporation](https://millionrounds.com/company/orchestria-corporation)** Series D · US · balderton.com **$21M** With 6 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 **5 named**

GC **Graeme Charles Stening** Executive Officer of the Manager. i Filing they signed

NE **Nigel Edward Doughty** Director of the Manager. i Filing they signed

RP **Richard Peter Hanson** Director of the Manager. i Filing they signed

RP **Richard Peter Lund** Director of the Manager. i Filing they signed

SC **Stephen Charles Marquardt** Director of the Manager. i Filing they signed

We also hold **2** 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.

Who backs their funds

## 2 LPs on record in Doughty Hanson's funds

- **Committed:** $417M
- **Funds:** 3
- **Vintages:** 1995 to 1997

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Mar 2026.

- [**Oregon Public Employees Retirement Fund** 2 funds *$300M*](https://millionrounds.com/fund/oregon-public-employees) Fund Vintage Committed Doughty Hanson & Co III 1997 $250M Doughty Hanson & Co II 1995 $50M
- [**Washington State Investment Board** 2 funds *$117M*](https://millionrounds.com/fund/washington-state-investment-board) Fund Vintage Committed Doughty Hanson & Co III 1997 $100M Doughty Hanson & Co Fund II 1996 $17M

## Exits from the portfolio

Companies it backed that were later bought or listed **6 in all**

**[RainStor](https://millionrounds.com/company/rainstor)** Bought by Teradata **Undisclosed** Dec 2014

**[nScaled](https://millionrounds.com/company/nscaled)** Bought by Acronis **Undisclosed** Sept 2014

**[Garlik](https://millionrounds.com/company/garlik)** Bought by [Experian](https://millionrounds.com/fund/experian) **Undisclosed** Dec 2011

**[Orchestria Corporation](https://millionrounds.com/company/orchestria-corporation)** Bought by [CA Technologies](https://millionrounds.com/fund/ca-technologies) **Undisclosed** Jan 2009

**[Plazes](https://millionrounds.com/company/plazes)** Bought by [Nokia](https://millionrounds.com/fund/nokia) **Undisclosed** Jun 2008

**[Azure Solutions](https://millionrounds.com/company/azure-solutions)** Bought by Subex Limited **$140M** Apr 2006

An exit counts when it came after the firm's first round in the company. From historical deal records.

## Companies it bought

Acquisitions by the firm itself

**Tumi Holdings** **Undisclosed** Oct 2004

New fund on file

**$13M**

raised in Oct 2012

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 **$7.5M** the round, not its cheque Alone, median **$3.7M**

Led 0 of 28 rounds **0%**

- **Sole investor:** 8 rounds
- **Last cheque:** Dec 2012
- **Exits:** 6 from the portfolio

Rounds by stage said on their site

- Series B said *7*
- Venture *6*
- Series C *4*
- Series A said *4*
- Growth said *2*
- Seed said *-*
- Pre-IPO said *-*

Cheques by year Led Joined

2005 2012

Often in the room with

- [3i Group](https://millionrounds.com/fund/3i-group) 5
- [Benchmark](https://millionrounds.com/fund/benchmark) 2
- [Dow Venture Capital](https://millionrounds.com/fund/dow-venture-capital) 2
- [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) 2
- [Intel Capital](https://millionrounds.com/fund/intel-capital) 2
- [Seraphim Space](https://millionrounds.com/fund/seraphim-space) 2

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## Who they invest alongside

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

[**3i Group** Private equity **5** rounds together](https://millionrounds.com/fund/3i-group)[**Benchmark** VC firm **2** rounds together](https://millionrounds.com/fund/benchmark)[**Dow Venture Capital** Growth equity **2** rounds together](https://millionrounds.com/fund/dow-venture-capital)[**Goldman Sachs** Private equity **2** rounds together](https://millionrounds.com/fund/goldman-sachs)[**Intel Capital** Corporate VC **2** rounds together](https://millionrounds.com/fund/intel-capital)[**Seraphim Space** VC firm **2** rounds together](https://millionrounds.com/fund/seraphim-space)[**Storm Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/storm-ventures)

## Mentioned on podcasts

Episodes that name Doughty Hanson in their description, not their title.

- [This Much I Know](https://millionrounds.com/podcasts/this-much-i-know) 24 Aug 2016 · 48 min Sitar Teli on investing in Product-Led companies and founders With [Sitar Teli](https://millionrounds.com/person/sitar-teli) Mentions [Connect Ventures](https://millionrounds.com/fund/connect-ventures)[Doughty Hanson](https://millionrounds.com/fund/doughty-hanson)[Duke University](https://millionrounds.com/fund/duke-university) Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 30 Dec 2015 · 28 min 20 VC: How To Say No Fast and Efficiently and Why UX Must Always Be At The Core Of What You Do with Sitar Teli, Managing Partner @ Connect Ventures With [Sitar Teli](https://millionrounds.com/person/sitar-teli) Mentions [Connect Ventures](https://millionrounds.com/fund/connect-ventures)[Doughty Hanson](https://millionrounds.com/fund/doughty-hanson)[Doughty Hanson Technology Ventures](https://millionrounds.com/fund/doughty-hanson-technology-ventures) *+1* Apple PodcastsShow page
- [This Much I Know](https://millionrounds.com/podcasts/this-much-i-know) 27 Aug 2015 · 40 min Carlos Eduardo Espinal, Partner at Seedcamp Mentions [Doughty Hanson](https://millionrounds.com/fund/doughty-hanson)[Doughty Hanson Technology Ventures](https://millionrounds.com/fund/doughty-hanson-technology-ventures)[Neil Murray](https://millionrounds.com/person/neil-murray) Apple PodcastsShow page

## Quick answers about Doughty Hanson

### What does Doughty Hanson invest in?

Doughty Hanson invests most often at Series B and Venture (57% of the rounds on record), in sectors such as B2B, Finance and Information Technology.

### How active is Doughty Hanson?

28 investments on record, 0 of them in the last 12 months. The most recent was in Dec 2012.

### How big are Doughty Hanson's cheques?

The median round it joins is $7.5M.

### Does Doughty Hanson lead rounds?

Rarely, if at all: none of its 28 investments on record names it as the lead.

### Where does Doughty Hanson invest?

Most of the companies it backs are in the United Kingdom (38%), the United States (31%) and Germany (15%).

### Is Doughty Hanson investing now?

No investments in the last 12 months; the latest was in Dec 2012.

### Who does Doughty Hanson invest alongside?

Most often 3i Group (5 rounds together), Benchmark (2 rounds together) and Dow Venture Capital (2 rounds together).

### What kind of investor is Doughty Hanson?

Doughty Hanson is a private equity firm based in London, United Kingdom.

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