Episode 1 Ventures is a venture capital fund set up to invest in early-stage technology companies based in London, UK. Its portfolio includes Carwow, eMoov, Simply Cook and Attest.
The three partners behind the fund – Simon Murdoch, Damien Lane and Adrian Lloyd – are experienced entrepreneurs and investors, and have been through every stage of the start-up process, from inception to initial public offering. The fund will invest between £250,000 and £2 million in up to thirty early-stage companies. Its objective is to give a better start to the next generation of British tech ventures than their predecessors.
The team at Episode 1 Ventures previously made early investments in a number of technology businesses including Betfair (which is now listed on the and has a market cap of over £1.3 billion), LoveFilm (which was sold to Amazon.com in 2011), Natural Motion (which was sold to Zynga in 2014), ScanSafe (which was sold to Cisco Systems in 2009), Shazam and Zoopla (which is also listed on the ).
It was created with a mixture of public and private money, including backing from Alex Chesterman of Zoopla Property Group. It is one of the UK Government's Enterprise Capital Funds – set up to support fund managers who invest in small, high-growth businesses. The £12.5 million of private investment was matched with £25 million of public money. The government's Business Secretary Vince Cable endorsed the launch of the fund, saying it 'will target a serious gap in the equity market for high-growth small firms'.
Two of the three partners – Simon Murdoch and Damien Lane – previously worked at Octopus Investments.
Investments made by Episode 1 Ventures include the following software-driven businesses: