Episode 1 is a London-based early-stage venture capital firm that invests in UK software-driven startups, typically at the seed to Series A stage. They focus on companies with a working product, clear market demand, and a viable customer acquisition and revenue plan, with a particular interest in SaaS and subscription models, as well as "deep tech" that disrupts industries.
Deal activity decreased year-over-year (4 deals in the last 12 months vs 7 prior). Their most common stage is seed (46% of deals). Average disclosed round size is $12.3M (across 36 rounds with reported amounts).
Portfolio
37
Fund Size
$76M
Top Stage
Seed
Last 12 Mo
4
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
37 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Sable Bio | Seed | $3.1M | Feb 2026 |
 Refute | Seed | $5M | Feb 2026 |
 Dragonfly | Pre-Seed | $3M | Oct 2025 |
 StackOne | Series A | $17.6M | May 2025 |
 Ori Industries | Growth | $140M | Feb 2025 |
 Zelt | Series A | $5.7M | Jan 2025 |
| Refute | Pre-Seed | $2.9M | Dec 2024 |
 Lawhive | Series A | $37.9M | Dec 2024 |
| NNiya | Pre-Seed | $1.9M | Jun 2024 |
 Viable | Seed | $2.8M | May 2024 |
| Lawhive | Seed | $11.9M | Apr 2024 |
| Zelt | Seed | $3.5M | Jul 2023 |
| Zelt | Seed | $3.1M | Jul 2023 |
 Raft | Series B | $30M | Jul 2023 |
 EdgeTier | Series A | $6M | Jun 2023 |
 TreeCard | Series A | $22M | Nov 2022 |
| Lawhive | Seed | $2M | Oct 2022 |
 Adsum | Seed | $5M | May 2022 |
 Mimica | Series A | $6M | Nov 2021 |
| PPassFort | Series A | $16.2M | Sep 2021 |
| VVector.ai | Series A | $15M | Sep 2021 |
 Kleene.ai | Seed | $1.5M | Apr 2021 |
| TreeCard | Seed | $5.1M | Feb 2021 |
 Omnipresent | Series A | $12.3M | Jan 2021 |
| Omnipresent | Series A | $15.8M | Jan 2021 |
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Top Co-Investors
Playfair Capital5 shared
Balderton Capital4 shared
Entrepreneur First3 shared
Seedcamp3 shared
Samos Investments3 shared
GV (Google Ventures)3 shared
Bessemer Venture Partners2 shared
Dynamo2 shared
EQT Ventures2 shared
Portfolio Ventures2 shared
Notion Capital2 shared
Amadeus Capital Partners2 shared
TrueSight2 shared
Village Global2 shared
Khosla Ventures1 shared
Nauta Capital1 shared
Venrex1 shared
500 Startups1 shared
Founders Factory1 shared
True Ventures1 shared
Last updated: 10 April 2026