# ETFS Capital: portfolio, investments and team

> ETFS Capital is a vc firm based in United Kingdom. 7 investments on record, 1 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# ETFS Capital

Last cheque observed Oct 2026; 7 cheques on record.

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VC firm Deploying now

Seed Series A Series B Banking Regtech Finance

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Deploying now

**50%** of best year **1** **cheques in 12 months**, 7 on record

Since the last cheque **14** days **00** hrs **00** min **00** sec

Median round **$7.0M** Cheque size, as they say **$3.0M – $10M** Rounds led **3 of 7** Sole investor **1 rounds** Mostly in **United Kingdom, 57%**

Pitch ETFS Capital

## ETFS Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Seed and Series A: 67% of its rounds
- 03 Sole investor in 1 rounds, median $4.0M

## What they do

> ETFS Capital is a London-based venture capital firm investing in early-stage European fintech businesses. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $3.0M – $10M as they say
- **Stages:** Seed Series A Series B
- **Sectors:** Banking Regtech Finance
- **Based in:** London, United Kingdom
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **7 appearances**

- **2026** 1 round
- **Oct** **[Cognitive Credit](https://millionrounds.com/company/cognitive-credit)** Growth · US · Pulse 2.0 **$40M** With 1 other
- **2024** 2 rounds
- **Jan** **[Alphathena](https://millionrounds.com/company/alphathena)** Seed · US · ETFS Capital **$4.0M** *Led*
- **Jan** **[WealthKernel](https://millionrounds.com/company/wealthkernel)** Series A · GB · Firms' own news pages **$7.6M** *Led*
- **2023** 1 round
- **Jun** **[TreasurySpring](https://millionrounds.com/company/treasuryspring)** Series B · GB · Firms' own news pages **$29M** With 5 others
- **2022** 1 round
- **Jan** **[WealthKernel](https://millionrounds.com/company/wealthkernel)** Series A · GB · Firms' own news pages **$7.0M** With 3 others
- **2019** 2 rounds
- **Sept** **[TreasurySpring](https://millionrounds.com/company/treasuryspring)** GB · Fintechfutures **$2.5M** *Led*
- **Jan** **[ETF Logic](https://millionrounds.com/company/etf-logic)** Seed · US · FinSMEs **$4.0M** Sole investor

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 **5** 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)

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

[Alphathena](https://millionrounds.com/company/alphathena)[Fundment](https://millionrounds.com/company/fundment)[Kayenta](https://millionrounds.com/company/kayenta)[Treasuryspring](https://millionrounds.com/company/treasuryspring)[Wealthkernel](https://millionrounds.com/company/wealthkernel) 21shares Bitadata Etf Etfstream Futureproofhq Logicly Skylightipv Veloxfintech

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

Seed Series A Series B

Median round joined **$7.0M** the round, not its cheque Alone, median **$4.0M**

Led 3 of 7 rounds **43%**

- **Said size:** $3.0M – $10M
- **Sole investor:** 1 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Seed said *2*
- Series A said *2*
- Growth *1*
- Series B said *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [MMC Ventures](https://millionrounds.com/fund/mmc-ventures) 2
- [XTX Ventures](https://millionrounds.com/fund/xtx-ventures) 2

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

[**MMC Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/mmc-ventures)[**XTX Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/xtx-ventures)

## Recently backed

The latest companies ETFS Capital put money into.

[**Cognitive Credit** $40M · Oct 2026](https://millionrounds.com/company/cognitive-credit)[**Alphathena** $4.0M · Jan 2024](https://millionrounds.com/company/alphathena)[**WealthKernel** $7.6M · Jan 2024](https://millionrounds.com/company/wealthkernel)[**TreasurySpring** $29M · Jun 2023](https://millionrounds.com/company/treasuryspring)[**ETF Logic** $4.0M · Jan 2019](https://millionrounds.com/company/etf-logic)

## Quick answers about ETFS Capital

### What does ETFS Capital invest in?

ETFS Capital invests most often at Seed and Series A (67% of the rounds on record), in sectors such as Banking, Regtech and Finance.

### How active is ETFS Capital?

7 investments on record, 1 of them in the last 12 months, and it led 3. The most recent was in Oct 2026.

### What has ETFS Capital invested in recently?

Its most recent investments on record: Cognitive Credit (Growth, Oct 2026), Alphathena (Seed, Jan 2024) and WealthKernel (Series A, Jan 2024).

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

The median round it joins is $7.0M. It says it writes cheques of $3.0M to $10M.

### Does ETFS Capital lead rounds?

Yes: it led 3 of its 7 investments on record (43%).

### Where does ETFS Capital invest?

Most of the companies it backs are in the United Kingdom (57%) and the United States (43%).

### Is ETFS Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does ETFS Capital invest alongside?

Most often MMC Ventures (2 rounds together) and XTX Ventures (2 rounds together).

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