--- title: ETCapital - Startup Match Score & Focus Areas description: Is ET Capital Limited the right VC for you? See how their thesis aligns with your startup and discover more active investors focusing on deep tech and climate innovation. --- [![Höpöhöpö_logo_black](https://27245214.fs1.hubspotusercontent-eu1.net/hubfs/27245214/H%C3%B6p%C3%B6h%C3%B6p%C3%B6_logo_black.png)](https://www.hopohopo.io/?hsLang=io) - [For Startups](https://www.hopohopo.io?hsLang=io) - For Investors & Accelerators - [Screen your deal flow with AI](https://www.hopohopo.io/for-investors?hsLang=io) - [Source deals from co-investors and accelerators](https://www.hopohopo.io/source-deal-flow?hsLang=io) - [Help your portfolio fundraise](https://www.hopohopo.io/portfolio-fundraising?hsLang=io) - [For BANs](https://www.hopohopo.io/business-angel-networks?hsLang=io) - [Pricing](https://www.hopohopo.io/pricing?hsLang=io) - Resources - [Maritime Venture program](https://maritime-venture.com/) - [Startup Fundraising Essentials](https://www.hopohopo.io/fundraising-essentials?hsLang=io) - Investor lists - [EdTech investors in Europe](https://www.hopohopo.io/edtech-investors?hsLang=io) - [FinTech investors in Europe](https://www.hopohopo.io/fintech-investors?hsLang=io) - [HealthTech investors in Europe](https://www.hopohopo.io/healthtech-investors?hsLang=io) - [Climate & Sustainability investors](https://www.hopohopo.io/climate-and-sustainability-investors?hsLang=io) - [Gaming investors](https://www.hopohopo.io/gaming-investors?hsLang=io) - [SpaceTech investors](https://www.hopohopo.io/spacetech-investors?hsLang=io) - [SportsTech investors](https://www.hopohopo.io/sporttech-investors?hsLang=io) - [Enterprise Software investors](https://www.hopohopo.io/enterprise-software-investors?hsLang=io) - [DefSec investors](https://www.hopohopo.io/defsec-investors?hsLang=io) - [Marine Tech investors](https://www.hopohopo.io/marinetech-investors?hsLang=io) - [Mobility investors](https://www.hopohopo.io/mobility-investors?hsLang=io) - [PropTech investors](https://www.hopohopo.io/proptech-investors?hsLang=io) - [Energy investors](https://www.hopohopo.io/energy-investors?hsLang=io) - [Top 10 Active investors in Berlin](https://www.hopohopo.io/top-investors-berlin?hsLang=io) [Log in](https://start.hopohopo.io/) [Sign up](https://start.hopohopo.io/?signup=true) # ETCapital Overview Founded in 1992, ET Capital Limited is an investor in high-growth technology businesses based in southern England. The firm has raised and managed a series of funds focused mainly on the globally significant cluster of science-based businesses around Cambridge, Oxford, and London. Its first two funds, now closed, were backed by HSBC and the European Investment Fund. Since 2004, ET Capital has managed the investments of Cambridge Research & Innovation Limited, an early-stage technology fund also investing in the Cambridge cluster. These investments included ADC Therapeutics SA, which floated on NYSE in May 2020 valued at $1.3B. In 2018, ET Capital launched UK China Enterprise in partnership with UK China Enterprise LLP, an early-stage venture fund focused on science-based businesses that have the potential to scale in China. Also in 2018, ET Capital took on the management of Carbon Order, a pair of funds investing in Carbon Engineering Limited, a Squamish BC start-up focused on capturing CO2 directly from the atmosphere for sequestration or recycling. Occidental Petroleum acquired Carbon Engineering in August 2023 for $1.1B in cash. ET Capital’s seventh and eighth funds, Carbon13 SEIS Fund I & II, are tied funds investing in businesses created by the Cambridge-based Carbon13 venture builder, intent on creating businesses to make a significant impact on the climate emergency. Is ETCapital the right investor for your startup? Browse their investment focus, stage preferences, and geographic scope to see how well they align with your fundraising goals. Your full match score with ETCapital, along with a list of other relevant VCs, is available on Hopohopo.io. ## ETCapital VC Fund ![ETCapital logo](https://www.hopohopo.io/hubfs/ecosystem-logos-from-platform/6924-92268fe2fdb5a62ca6801e5204c13a14.bmp) ## Investment focus ### Invest in - Western Europe 1 / 14 - North America 1 / 5 - East Asia 1 / 7 ### Industries / verticals - AgriTech / FoodTech - AI Infrastructure & AI Model Development - BioTech & Life Sciences - Energy - Engineering / Manufacturing - Health Data, Healthcare Systems & Infrastructure - Materials Science - MedTech & Devices Investment role Lead and follow Stages Pre-seed, Seed, Series A First ticket size £100,000 - £1,500,000 ## Contact information Managing Director Martin Rigby ![LinkedIn](https://27245214.fs1.hubspotusercontent-eu1.net/hubfs/27245214/H%C3%B6p%C3%B6h%C3%B6p%C3%B6%20-%20Website%20visuals/Icons/carbon_logo-linkedin-grey.svg) ![Email](https://27245214.fs1.hubspotusercontent-eu1.net/hubfs/27245214/H%C3%B6p%C3%B6h%C3%B6p%C3%B6%20-%20Website%20visuals/Icons/Sign-At--Streamline-Core.svg) ## How to approach funds like ETCapital When approaching ET Capital, founders should highlight their technology's potential for global impact and scalability, especially if leveraging the Cambridge-Oxford-London science ecosystem. Demonstrate a clear path to significant milestones and exits, as ET Capital values proven commercial traction and transformative science. If your business has a credible route to international expansion—particularly into China or climate-focused markets—emphasize this, as the firm has a track record of supporting cross-border growth and climate innovation. ## Find the best-fitting investors for your startup Stop wasting weeks searching for the right investors. Upload your deck and get matched with investors who actually fit your startup — so you can focus on building, not chasing. 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[Sign up](https://start.hopohopo.io/?signup=true) - [For Startups](https://www.hopohopo.io/startups?hsLang=io) - [For Investors and Accelerators](https://www.hopohopo.io/business-angels-and-vcs?hsLang=io) - [For Business Angel Networks](https://www.hopohopo.io/business-angel-networks?hsLang=io) - [Blog](https://hopohopo.gitbook.io/fundraising-with-hopohopo/) ### Follow us ![Höpöhöpö_logo_white](https://27245214.fs1.hubspotusercontent-eu1.net/hubfs/27245214/H%C3%B6p%C3%B6h%C3%B6p%C3%B6_logo_white.png) © 2026 Hopohopo.io All rights reserved [Privacy Policy](https://www.hopohopo.io/privacy-policy?hsLang=io) [Terms of Service](https://www.hopohopo.io/terms-of-service?hsLang=io) ![](https://px.ads.linkedin.com/collect/?pid=4090745&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "Organization", "description" : "Founded in 1992, ET Capital Limited is an investor in high-growth technology businesses based in southern England. The firm has raised and managed a series of funds focused mainly on the globally significant cluster of science-based businesses around Cambridge, Oxford, and London. Its first two funds, now closed, were backed by HSBC and the European Investment Fund. Since 2004, ET Capital has managed the investments of Cambridge Research & Innovation Limited, an early-stage technology fund also investing in the Cambridge cluster. These investments included ADC Therapeutics SA, which floated on NYSE in May 2020 valued at $1.3B. In 2018, ET Capital launched UK China Enterprise in partnership with UK China Enterprise LLP, an early-stage venture fund focused on science-based businesses that have the potential to scale in China. Also in 2018, ET Capital took on the management of Carbon Order, a pair of funds investing in Carbon Engineering Limited, a Squamish BC start-up focused on capturing CO2 directly from the atmosphere for sequestration or recycling. Occidental Petroleum acquired Carbon Engineering in August 2023 for $1.1B in cash. ET Capital’s seventh and eighth funds, Carbon13 SEIS Fund I & II, are tied funds investing in businesses created by the Cambridge-based Carbon13 venture builder, intent on creating businesses to make a significant impact on the climate emergency.", "logo" : "https://148519842.fs1.hubspotusercontent-eu1.net/hubfs/148519842/ecosystem-logos-from-platform/6924-92268fe2fdb5a62ca6801e5204c13a14.bmp", "name" : "ETCapital", "sameAs" : [ "https://www.linkedin.com/company/et-capital-limited", "" ], "url" : "http://www.etcapital.com" } ```