# Kreos Capital: portfolio, investments and team

> Kreos Capital is a vc firm based in United Kingdom. 32 investments on record, latest Nov 2019. Portfolio, stages, co-investors and team.

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

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

# Kreos Capital

Filed with the SEC to raise a fund in Sep 2025. Last cheque observed Nov 2019.

Quiet New fund, Sept 2025 VC firm Website unconfirmed Now at blackrock.com

Seed Series A Series B Big Data & Analytics CloudTech Computer Vision

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 32 on record

Since the last cheque **2541** days **00** hrs **00** min **00** sec

Median round **$35M** Cheque size, as they say **$2.0M – $100M** Rounds led **0 of 32** Sole investor **5 rounds** Exits **4 from the portfolio** Mostly in **Germany, 23%**

Pitch Kreos Capital

## Kreos Capital highlights

- 01 32 rounds on record
- 02 Mostly Debt and Series B: 52% of its rounds
- 03 Sole investor in 5 rounds, median $5.0M
- 04 4 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $2.0M – $100M as they say
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Big Data & Analytics CloudTech Computer Vision
- **Based in:** Kreos Capital, United Kingdom
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=kreos-capital).

## The record

Every round we can evidence, newest first **32 appearances**

- **2019** 5 rounds
- **Nov** **[Voi](https://millionrounds.com/company/voi)** Series B · SE · TechCrunch **$85M** With 8 others
- **Sept** **[Neuromod](https://millionrounds.com/company/neuromod)** Debt · IE · FinSMEs **$8.8M** With 2 others
- **Sept** **[Kandou](https://millionrounds.com/company/kandou)** Series C · CH · FinSMEs **$56M** With 8 others
- **May** **Gett** Debt · IL · TechCrunch **$200M** With 4 others
- **Apr** **[Butternut Box](https://millionrounds.com/company/butternut-box)** GB · Irishtimes **$19M** With 4 others
- **2018** 3 rounds
- **Dec** **[Quali](https://millionrounds.com/company/quali)** Series C · US · FinSMEs **$23M** With 4 others
- **Jun** **[Signal Media](https://millionrounds.com/company/signal-media)** Series B · GB · FinSMEs **$16M** With 5 others
- **Mar** **[BioCatch](https://millionrounds.com/company/biocatch)** IL · FinSMEs **$30M** With 5 others
- **2017** 1 round
- **Mar** **[Soundcloud](https://millionrounds.com/company/soundcloud)** DE · TechCrunch **$70M** With 2 others
- **2016** 2 rounds
- **Feb** **[Spotcap](https://millionrounds.com/company/spotcap)** **$35M** With 4 others
- **Jan** **[BlueVine](https://millionrounds.com/company/bluevine)** **$40M** With 10 others
- **2015** 4 rounds
- **Jun** **[Artesian Solutions](https://millionrounds.com/company/artesian-solutions)** Series B · GB **$8.0M** With 1 other
- **Jun** **[Crocus Technology](https://millionrounds.com/company/crocus-technology)** Series E · US **$21M** With 8 others
- **Mar** **[Auctionata](https://millionrounds.com/company/auctionata)** Series C · DE **$46M** With 11 others
- **Mar** **[Spotcap](https://millionrounds.com/company/spotcap)** Debt · DE **$5.4M** With 3 others
- **2014** 4 rounds
- **Sept** **[Poxel](https://millionrounds.com/company/poxel)** Series B · FR **$14M** With 1 other
- **Mar** **[BlueVine](https://millionrounds.com/company/bluevine)** Series A · US **$4.0M** With 4 others
- **Jan** **[Inneractive](https://millionrounds.com/company/inneractive)** Series C · US **$6.0M** With 1 other
- **Jan** **[Kreditech Holding](https://millionrounds.com/company/kreditech-holding)** Debt · DE **$10M** Sole investor
- **2013** 4 rounds
- **Dec** **[TiGenix](https://millionrounds.com/company/tigenix)** Debt · BE **$14M** Sole investor
- **Sept** **[StrikeAd](https://millionrounds.com/company/strikead)** Series A · US · finsmes.com **$7.0M** With 10 others
- **Sept** **[Kreditech Holding](https://millionrounds.com/company/kreditech-holding)** Debt · DE · finsmes.com **$5.0M** Sole investor
- **Jul** **[Delivery Hero](https://millionrounds.com/company/delivery-hero)** Series D · DE · techcrunch.com **$30M** With 8 others
- **2012** 3 rounds
- **Aug** **[Delivery Hero](https://millionrounds.com/company/delivery-hero)** Series D · DE · techcrunch.com **$50M** With 1 other
- **Aug** **[The Fab Shoes](https://millionrounds.com/company/the-fab-shoes)** ES **Undisclosed** With 3 others
- **Jun** **[Openet](https://millionrounds.com/company/openet)** Series D · IE · techcrunch.com **$21M** With 4 others
- **2010** 3 rounds
- **Oct** **[Cappella Medical Devices](https://millionrounds.com/company/cappella-medical-devices)** Series D · IE · finsmes.com **$15M** With 4 others
- **Mar** **[Abiquo Group](https://millionrounds.com/company/abiquo-group)** Debt · ES · virtualization.sys-con.com **$1.4M** Sole investor
- **Mar** **[Autoquake](https://millionrounds.com/company/autoquake)** Debt · GB · sourcewire.com **$9.1M** With 2 others
- **2009** 1 round
- **Jun** **[NetDialog](https://millionrounds.com/company/netdialog)** Series A · NL **Undisclosed** With 1 other
- **2008** 1 round
- **Dec** **[Telepo](https://millionrounds.com/company/telepo)** Venture · SE **$6.2M** With 1 other
- **2006** 1 round
- **Feb** **[Transmode Systems](https://millionrounds.com/company/transmode-systems)** Venture · SE **$4.8M** 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

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

AL **Andrew Le Couilliard** Director of Kreos Capital Management i Form ADV

CL **Clive Lee Spears** Director of Kreos Capital Group Vii Limited and Kreos Capital Group Vii LP i Form ADV

DR **David Robert Pirouet** Director of Kreos Capital Group Vii Limited and Kreos Capital Group Vii LP i Form ADV

MJ **Mark Jeremy Collins** Director of Kreos Capital Group V Limited i Form ADV

PH **Parag Himatlal Gandesha** Director of Kreos Capital Group V Limited i Form ADV

TC **Timothy Charles Ridgway** Director of Kreos Capital Group Vii Limited and Kreos Capital Group Vii LP i Form ADV

We also hold **25** 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 SEC, which it must file accurately by law

**$2.2B** gross assets of its funds, 4 advisers combined Oct 2026

**8+** funds on file numbered funds in its name

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Kreos Capital Group Limited
- **SEC number:** CRD 325869

## Exits from the portfolio

Companies it backed that were later bought or listed **4 in all**

**[StrikeAd](https://millionrounds.com/company/strikead)** Bought by Sizmek **$12M** May 2015

**[Transmode Systems](https://millionrounds.com/company/transmode-systems)** Bought by Infinera Corporation **Undisclosed** Apr 2015

**[The Fab Shoes](https://millionrounds.com/company/the-fab-shoes)** Bought by JustFab **Undisclosed** May 2013

**[Autoquake](https://millionrounds.com/company/autoquake)** Bought by Car Shop **Undisclosed** Sept 2011

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

New fund on file

**Raised**

a new fund in Sept 2025

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 **$35M** the round, not its cheque Alone, median **$5.0M**

Led 0 of 32 rounds **0%**

- **Said size:** $2.0M – $100M
- **Sole investor:** 5 rounds
- **Last cheque:** Nov 2019
- **Exits:** 4 from the portfolio

Rounds by stage said on their site

- Debt *8*
- Series B said *4*
- Series C *4*
- Series D *4*
- Series A said *3*
- Seed said *-*
- Growth said *-*

Cheques by year Led Joined

2006 2019

Often in the room with

- [HV Holtzbrinck Ventures](https://millionrounds.com/fund/hv-holtzbrinck-ventures) 3
- [Kite Ventures](https://millionrounds.com/fund/kite-ventures) 3
- [Accel](https://millionrounds.com/fund/accel) 2
- [Access Industries](https://millionrounds.com/fund/access-industries) 2
- [Balderton Capital](https://millionrounds.com/fund/balderton-capital) 2
- [Correlation Ventures](https://millionrounds.com/fund/correlation-ventures) 2

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

[**HV Holtzbrinck Ventures** Private equity **3** rounds together](https://millionrounds.com/fund/hv-holtzbrinck-ventures)[**Kite Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/kite-ventures)[**Accel** VC firm **2** rounds together](https://millionrounds.com/fund/accel)[**Access Industries** Corporate VC **2** rounds together](https://millionrounds.com/fund/access-industries)[**Balderton Capital** VC firm **2** rounds together](https://millionrounds.com/fund/balderton-capital)[**Correlation Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/correlation-ventures)[**Fountain Healthcare Partners** VC firm **2** rounds together](https://millionrounds.com/fund/fountain-healthcare-partners)[**Hearst Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/hearst-ventures)[**Holtzbrinck Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/holtzbrinck-ventures)[**Kima Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/kima-ventures)[**Lightspeed Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Rocket Internet** Investment firm **2** rounds together](https://millionrounds.com/fund/rocket-internet-6)

## Recently backed

The latest companies Kreos Capital put money into.

[**Neuromod** $8.8M · Sept 2019](https://millionrounds.com/company/neuromod)[**Kandou** $56M · Sept 2019](https://millionrounds.com/company/kandou)[**Butternut Box** $19M · Apr 2019](https://millionrounds.com/company/butternut-box)[**Quali** $23M · Dec 2018](https://millionrounds.com/company/quali)[**Spotcap** $35M · Feb 2016](https://millionrounds.com/company/spotcap)[**BlueVine** $40M · Jan 2016](https://millionrounds.com/company/bluevine)

## Quick answers about Kreos Capital

### What does Kreos Capital invest in?

Kreos Capital invests most often at Debt and Series B (52% of the rounds on record), in sectors such as Big Data & Analytics, CloudTech and Computer Vision.

### How active is Kreos Capital?

32 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2019.

### What has Kreos Capital invested in recently?

Its most recent investments on record: Voi (Series B, Nov 2019), Neuromod (Debt, Sept 2019) and Kandou (Series C, Sept 2019).

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

The median round it joins is $35M. It says it writes cheques of $2.0M to $100M.

### Does Kreos Capital lead rounds?

Rarely, if at all: none of its 32 investments on record names it as the lead.

### Where does Kreos Capital invest?

Most of the companies it backs are in Germany (23%), the United States (17%) and the United Kingdom (13%).

### Is Kreos Capital investing now?

No investments in the last 12 months; the latest was in Nov 2019.

### Who does Kreos Capital invest alongside?

Most often HV Holtzbrinck Ventures (3 rounds together), Kite Ventures (3 rounds together) and Accel (2 rounds together).

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