MD One is a venture capital firm that focuses on national security and deep tech innovation for the UK, Europe, and allied nations. Their strategy involves investing in early-stage (Pre-Seed to Series A) product-focused DeepTech businesses that develop "dual-use" technologies for both commercial and governmental end-users.
Their most common stage is seed (80% of deals). Average disclosed round size is $6.8M (across 5 rounds with reported amounts).
Portfolio
5
Fund Size
—
Top Stage
Seed
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
5 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Milvus Advanced | Seed | $6.9M | Oct 2025 |
 Bifrost | Series A | $8M | Oct 2024 |
| LLabrys Technologies | Seed | $5.5M | Dec 2023 |
 Materials Nexus | Seed | $2.5M | Jul 2023 |
| WWorldr | Seed | $11M | Nov 2022 |
Top Co-Investors
Airbus Ventures1 shared
Peak XV's Surge1 shared
Wavemaker Partners1 shared
Techstars1 shared
University of Cambridge1 shared
Hoxton Ventures1 shared
QD Ventures1 shared
Tuesday Capital1 shared
EQT Foundation1 shared
Lowercarbon Capital1 shared
Project A Ventures1 shared
Expeditions Fund1 shared
Marquee Ventures1 shared
Expedition Growth Capital1 shared
IQ Capital1 shared
Playfair Capital1 shared
HSBC1 shared
Last updated: 16 April 2026