# Episode 1: portfolio, investments and team

> Episode 1 is a vc firm based in United Kingdom. 85 investments on record, 15 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/episode-1 (Millionrounds; every figure on the page links to its filing or article)

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

# Episode 1

Last cheque observed Sep 2026; 85 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A Business-to-business Smb B-to-b

Follow Episode 1 and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fepisode-1)

Deploying now

**88%** of best year **15** **cheques in 12 months**, 85 on record

Since the last cheque **43** days **00** hrs **00** min **00** sec

Median round **$7.5M** Cheque size, as they say **$300K – $3.0M** Rounds led **2 of 85** Sole investor **14 rounds** Mostly in **United Kingdom, 80%**

Pitch Episode 1

## Episode 1 highlights

- 01 15 cheques in the last 12 months
- 02 Mostly Seed and Series A: 64% of its rounds
- 03 Sole investor in 14 rounds, median $1.4M

## What they do

> We are a B2B software fund with a focus on getting Pre-Seed and Seed startups to a successful Series A. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $300K – $3.0M as they say
- **Stages:** Pre-seed Seed Series A
- **Sectors:** Business-to-business Smb B-to-b
- **Based in:** London, United Kingdom
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **85 appearances**

- **2026** 15 rounds
- **Sept** **[Mantic](https://millionrounds.com/company/mantic)** Seed · GB · TechStartups **$25M** With 5 others
- **Sept** **[Jack & Jill](https://millionrounds.com/company/jack-and-jill)** Series A · GB · Air Street Capital **$40M** With 11 others
- **Sept** **[CloudNC](https://millionrounds.com/company/cloudnc)** Series B · GB · TechCrunch **$20M** With 7 others
- **Sept** **[Veridue](https://millionrounds.com/company/veridue)** Pre-seed · GB · TechStartups **$4.0M** *Led*
- **Sept** **[Fluidstack](https://millionrounds.com/company/fluidstack)** Growth · US **$1.5B** With 4 others
- **Aug** **[Dragonfly Technology Limited](https://millionrounds.com/company/dragonfly-technology-limited)** Grant · GB **$955K** With 3 others
- **Jul** **[Risk Ledger](https://millionrounds.com/company/risk-ledger)** Series B · GB **$33M** With 4 others
- **Jul** **[Ossprey Security](https://millionrounds.com/company/ossprey-security)** Pre-seed · GB **$2.6M** Sole investor
- **Jun** **[Poindexter Labs](https://millionrounds.com/company/poindexter-labs)** Seed · GB **$2.7M** With 1 other
- **Jun** **[Record OS](https://millionrounds.com/company/record-os)** Pre-seed · GB **$2.0M** Sole investor
- **May** **[RevEng.AI](https://millionrounds.com/company/reveng-ai)** Series A · GB · NATO Innovation Fund (NIF) **$15M** With 4 others
- **Apr** **[Bubble Robotics](https://millionrounds.com/company/bubble-robotics)** Pre-seed · US **$5.3M** With 1 other
- **Feb** **[Lawhive](https://millionrounds.com/company/lawhive)** Series B · GB · TechStartups **$60M** With 8 others
- **Feb** **[Refute](https://millionrounds.com/company/refute)** Seed · GB **$6.8M** With 2 others
- **Feb** **[sable bio](https://millionrounds.com/company/sable-bio)** Seed · GB **$3.8M** With 2 others
- **2025** 13 rounds
- **Oct** **[Jack & Jill](https://millionrounds.com/company/jack-and-jill)** Seed · GB · TechCrunch **$20M** With 4 others
- **Sept** **[Phasecraft](https://millionrounds.com/company/phasecraft)** Series B · GB · UCL Technology Fund **$34M** With 8 others
- **Sept** **[Mimica Automation](https://millionrounds.com/company/mimica-automation)** Series B · GB **$26M** With 3 others
- **Aug** **[Mantic](https://millionrounds.com/company/mantic)** Pre-seed · GB **$4.0M** Sole investor
- **Jul** **[MediShout](https://millionrounds.com/company/medishout)** Series A · GB **$9.0M** Sole investor
- **Jun** **[RevEng](https://millionrounds.com/company/reveng)** Seed · GB **$4.2M** With 3 others
- **May** **[StackOne](https://millionrounds.com/company/stackone)** Series A · GB **$20M** With 3 others
- **Mar** **[Stelia](https://millionrounds.com/company/stelia)** GB **$8.2M** With 3 others
- **Feb** **[Ori Industries](https://millionrounds.com/company/ori-industries)** Venture · GB **Undisclosed** With 1 other
- **Feb** **[Project B](https://millionrounds.com/company/project-b)** Seed · DE **$3.6M** With 4 others
- **Feb** **[Superlinked](https://millionrounds.com/company/superlinked)** Venture · US **Undisclosed** With 4 others
- **Jan** **[Zelt](https://millionrounds.com/company/zelt)** Series A · GB · Silicon Canals **$6.0M** With 7 others
- **Jan** **[Intryc](https://millionrounds.com/company/intryc)** Seed · US **$3.1M** With 4 others
- **2024** 11 rounds
- **Dec** **[Lawhive](https://millionrounds.com/company/lawhive)** Series A · GB · Silicon Canals **$40M** With 7 others
- **Dec** **[Refute](https://millionrounds.com/company/refute)** Pre-seed · GB **$2.9M** With 4 others
- **Nov** **[Huboo](https://millionrounds.com/company/huboo)** Venture · GB **$58M** With 4 others
- **Nov** **[Robin AI](https://millionrounds.com/company/robin-ai)** Series B · GB **$25M** With 2 others
- **Oct** **[Auquan](https://millionrounds.com/company/auquan)** Seed · GB **$4.5M** With 6 others
- **Jul** **[Sano Genetics](https://millionrounds.com/company/sano-genetics)** Venture · GB **Undisclosed** With 4 others
- **Jul** **[Carwow](https://millionrounds.com/company/carwow)** Venture · GB **$52M** With 4 others
- **Jun** **[Supercede](https://millionrounds.com/company/supercede)** Series A · GB **$15M** With 3 others
- **May** **[Viable](https://millionrounds.com/company/viable)** Seed · GB **$3.0M** With 2 others
- **Apr** **[QuestDB](https://millionrounds.com/company/questdb)** Venture · US **Undisclosed** With 4 others
- **Mar** **[Webiny](https://millionrounds.com/company/webiny)** Venture · US **Undisclosed** With 3 others
- **2023** 6 rounds
- **Sept** **[PandasAI](https://millionrounds.com/company/pandasai)** Pre-seed · DE **$1.2M** With 2 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

We 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.

Funds they back

## 1 fund commitment on record

- **Managers:** 1

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [Onstage 1 fund](https://millionrounds.com/fund/onstage)

Most recent commitments

- [Onstage Fund I](https://millionrounds.com/fund/onstage)

## What they claim to have backed

From their own portfolio page (on their website)

**49** of 60 we have independently watched raise

[Adludio](https://millionrounds.com/company/adludio)[Auquan](https://millionrounds.com/company/auquan)[Biocatch](https://millionrounds.com/company/biocatch)[Bstream](https://millionrounds.com/company/bstream)[Carwow](https://millionrounds.com/company/carwow)[Chillchain](https://millionrounds.com/company/chill-chain)[Circuitmind](https://millionrounds.com/company/circuit-mind)[Cloudnc](https://millionrounds.com/company/cloudnc)[Edgetier](https://millionrounds.com/company/edgetier)[Emoov](https://millionrounds.com/company/emoov)[Fatmap](https://millionrounds.com/company/fatmap)[Feedr](https://millionrounds.com/company/feedr)[Fluidstack](https://millionrounds.com/company/fluidstack)[Huboo](https://millionrounds.com/company/huboo)[Intryc](https://millionrounds.com/company/intryc)[Lawhive](https://millionrounds.com/company/lawhive)[Mantic](https://millionrounds.com/company/mantic)[Medishout](https://millionrounds.com/company/medishout)[Mimica](https://millionrounds.com/company/mimica)[Omnipresent](https://millionrounds.com/company/omnipresent)[Opteran](https://millionrounds.com/company/opteran)[Pandas-ai](https://millionrounds.com/company/pandasai)[Perchpeek](https://millionrounds.com/company/perchpeek)[Phasecraft](https://millionrounds.com/company/phasecraft)[Poindexterlabs](https://millionrounds.com/company/poindexter-labs)[Project-b](https://millionrounds.com/company/project-b)[Questdb](https://millionrounds.com/company/questdb)[Raft](https://millionrounds.com/company/raft)[Refute](https://millionrounds.com/company/refute)[Reveng](https://millionrounds.com/company/reveng)[Riskledger](https://millionrounds.com/company/risk-ledger)[Robinai](https://millionrounds.com/company/robin-ai)[Sablebio](https://millionrounds.com/company/sable-bio)[Sanogenetics](https://millionrounds.com/company/sano-genetics)[Scurri](https://millionrounds.com/company/scurri)[Shuffle](https://millionrounds.com/company/shuffle)[Simplycook](https://millionrounds.com/company/simplycook)[Source](https://millionrounds.com/company/source)[Stackone](https://millionrounds.com/company/stackone)[Stelia](https://millionrounds.com/company/stelia)[Supercede](https://millionrounds.com/company/supercede)[Superlinked](https://millionrounds.com/company/superlinked)[Supplycompass](https://millionrounds.com/company/supplycompass)[Treecard](https://millionrounds.com/company/treecard)[Triptease](https://millionrounds.com/company/triptease)[Tru](https://millionrounds.com/company/tru)[Tvbeat](https://millionrounds.com/company/tvbeat)[Webiny](https://millionrounds.com/company/webiny)[Zelt](https://millionrounds.com/company/zelt) Adsum-works Askattest Askdragonfly Btrt Buildingatlas Contextscout Effra Figfinance Frame Globalapptesting Hyperunison and 15 more

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

Pre-seed Seed Series A

Median round joined **$7.5M** the round, not its cheque Alone, median **$1.4M**

Led 2 of 85 rounds **2%**

- **Said size:** $300K – $3.0M
- **Sole investor:** 14 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *30*
- Series A said *20*
- Series B *10*
- Venture *9*
- Pre-seed said *9*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Seedcamp](https://millionrounds.com/fund/seedcamp) 8
- [Balderton Capital](https://millionrounds.com/fund/balderton-capital) 7
- [Entrepreneur First](https://millionrounds.com/fund/entrepreneurs-first) 6
- [Charlie Songhurst](https://millionrounds.com/fund/charlie-songhurst) 4
- [Playfair Capital](https://millionrounds.com/fund/playfair) 4
- [Ada Ventures](https://millionrounds.com/fund/ada-ventures) 3

**Pitching Episode 1?** 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 Episode 1. A count of rooms they were both in, not a relationship either has claimed.

[**Seedcamp** VC firm **8** rounds together](https://millionrounds.com/fund/seedcamp)[**Balderton Capital** VC firm **7** rounds together](https://millionrounds.com/fund/balderton-capital)[**Entrepreneur First** Accelerator **6** rounds together](https://millionrounds.com/fund/entrepreneurs-first)[**Charlie Songhurst** VC firm **4** rounds together](https://millionrounds.com/fund/charlie-songhurst)[**Playfair Capital** VC firm **4** rounds together](https://millionrounds.com/fund/playfair)[**Ada Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/ada-ventures)[**AlbionVC** VC firm **3** rounds together](https://millionrounds.com/fund/albionvc)[**IQ Capital** VC firm **3** rounds together](https://millionrounds.com/fund/iq-capital)[**MMC Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/mmc-ventures)[**Notion Capital** VC firm **3** rounds together](https://millionrounds.com/fund/notion-capital)[**Octopus Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/octopus-ventures)[**Parkwalk** VC firm **3** rounds together](https://millionrounds.com/fund/parkwalk)

## Recently backed

The latest companies Episode 1 put money into.

[**CloudNC** $20M · Sept 2026](https://millionrounds.com/company/cloudnc)[**Fluidstack** $1.5B · Sept 2026](https://millionrounds.com/company/fluidstack)[**Dragonfly Technology Limited** $955K · Aug 2026](https://millionrounds.com/company/dragonfly-technology-limited)[**Risk Ledger** $33M · Jul 2026](https://millionrounds.com/company/risk-ledger)[**Ossprey Security** $2.6M · Jul 2026](https://millionrounds.com/company/ossprey-security)[**Poindexter Labs** $2.7M · Jun 2026](https://millionrounds.com/company/poindexter-labs)

## Quick answers about Episode 1

### What does Episode 1 invest in?

Episode 1 invests most often at Seed and Series A (64% of the rounds on record), in sectors such as Business-to-business, Smb and B-to-b.

### How active is Episode 1?

85 investments on record, 15 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.

### What has Episode 1 invested in recently?

Its most recent investments on record: Mantic (Seed, Sept 2026), Jack & Jill (Series A, Sept 2026) and CloudNC (Series B, Sept 2026).

### How big are Episode 1's cheques?

The median round it joins is $7.5M. It says it writes cheques of $300K to $3.0M.

### Does Episode 1 lead rounds?

Sometimes: it led 2 of its 85 investments on record (2%).

### Where does Episode 1 invest?

Most of the companies it backs are in the United Kingdom (80%), the United States (15%) and Germany (5%).

### Is Episode 1 investing now?

Yes: it is actively investing, with 15 investments in the last 12 months.

### Who does Episode 1 invest alongside?

Most often Seedcamp (8 rounds together), Balderton Capital (7 rounds together) and Entrepreneur First (6 rounds together).

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