AlbionVC is the technology investment arm of Albion Capital.
The technology team invests from seed through to Series B in high growth companies, predominantly in the UK. The team has a particular focus on B2B software and technology enabled services.
To see the technology portfolio please click here.
Abcodia is a company engaged in the validation and discover of molecular biomarkers linked to age related diseases.
Albion Care Communities has started construction of its 70 bed care home in Abergavenny, Monmouthshire, Wales. The home is due to open in early 2019 and will offer superior facilities including a café, gym, cinema room, library, hairdressing salon and a variety of lounges and dining rooms. The home will also benefit from extensive landscaped gardens and ample parking.
Academia is an academic research sharepoint with over 4m academic members.
Achilles Therapeutics is designing therapies to target truncal tumour neo-antigens – unique flags to the immune system present on the surface of every cancer cell, which were first discovered by Cancer Research UK and the NIHR University College London Hospitals (UCLH) Biomedical Research Centre (BRC) funded scientists at the Francis Crick Institute and UCL Cancer Institute.
Truncal tumour neo-antigens are present on all cancer cells in an individual patient’s tumour but not on healthy cells, so could allow scientists to target and destroy tumours without harming healthy tissues.
Syncona and Cancer Research Technologies, with the support of UCLB and the Crick, formed Achilles Therapeutics with a round of £13.2 million ($17.5 million) led by Syncona with the CRT Pioneer Fund and UCLTF.
In September 2004 funds managed by Albion realised their holding in Active Hotels for a consideration of £10.4 million receivable in cash representing a 10x return.
Active Lives Care owns and operates Cumnor Hill House, a 75 bed residential care home for the elderly in Cumnor Hill in Oxford.
Berkley Care Group, an award winning provider of elderly care services, operates the facility. Albion and Berkley have already established a successful partnership through owning and operating Bayfield Court, a 46 bed purpose-built facility in Chingford, Greater London.
Alto Prodotto Wind is a partnership with Infinite Renewables, a Welsh based consultancy with whom Albion has developed several Wind Turbines on brownfield sites in Wales. These wind turbines are all operational.
Funds managed by Albion invested £4.2 million to acquire Applecroft, a 75 bed residential care home for the elderly, in July 2003. Applecroft is located in Dover, Kent. The investment was sold in April 2006 at a significant profit.
Aridhia has built a sector-leading, differentiated informatics platform with cutting-edge analytical tools to support health care and research. It has established an international client base and a network of major strategic partners. Aridhia’s informatics platform integrates very large and complex datasets so as to make meaningful and flexible analysis possible while addressing the unique complexities of healthcare. The platform uses big data analytics to understand the relationship between healthcare events and serves two main customer needs: the effective management of chronic diseases today; and the shift to stratified medicine in the future, where a patient’s molecular profile is used to tailor preventative measures or treatments based on the likelihood of response to treatment.
Barleycroft Care Home developed a purpose built elderly care home for 80 residents in Romford, Greater London. The investment was exited in April 2006.
Albion Community Power and its partner Infinite Renewables have built a new wind turbine on a brownfield site at Blaencilgoed, South Wales. The wind turbine at Blaencilgoed is a 500kW single turbine is on an industrial site supplying electricity to a nearby quarry. The location and energy delivery of this turbine is an example of “brownfield wind” which is a specialism of Albion Community Power and Infinite Renewables.
“Albion Community Power is pleased to be developing projects that help local communities take more control of their energy.” Volker Beckers, Chairman of ACP
The Bold Pub Company and its portfolio of 30 freehold properties was sold to leisure operator Calco Midlands in 2007.
Bravo Inns owns and operate 40 public houses based in the North of England. The focus is on acquiring tired community pubs which are then extensively refurbished.
Broadoaks VCT built and operated a 30 bedroom purpose-built home for residents with learning disabilities in March, Cambridgeshire. The company was successfully sold in March 2004.
Albion Community Power (ACP) has built a run-of-river scheme, Abhainn Bruachaig, near Kinlochewe.
Bruachaig is a medium-head 500 kW scheme located close to Kinlochewe in the western highlands.
The scheme is operational.
Employing a buy and build strategy, Careforce rapidly became a leading national provider of home care services. The company floated on AIM, which allowed the Albion funds to realise a significant part of their investment while continuing as a major shareholder. In 2007 the company was acquired by Mears Group Plc.
Celldex is an innovative biotechnology company focused on the discovery, development and commercialization of targeted immunotherapies. The technology combines vaccines with monoclonal antibodies and immune modulators as precision targeted immunotherapy for the treatment of cancer and infectious and inflammatory diseases.
Albion Community Power has built a hydro scheme at Allt Coire Chaorach. It is a 2MW capacity high-head, run of river scheme. The scheme is operational.
Albion is in partnership with Perth-based developer, Green Highland Renewables, has built a 2MW hydropower scheme on the Allt A’Chonais, close to Loch Carron in the Scottish Highlands.
The scheme is operational. It is generating an average 7GWh of electricity per year, enough to power up to 2,000 households.
Churchcroft VCT built and operated a 34 bedroom purpose-built home for residents with learning disabilities in Witham, Essex. The company was successfully sold in March 2004.
Cisiv is a leading provider of software for non-interventional studies for the pharmaceutical industry. Albion funds invested in the company in 2013.
Albion initially invested £1.2 million alongside City Screen Limited, the UK's leading art-house cinema operator, to develop the Cambridge Arts Picturehouse in 1999 and subsequently invested further funds to develop the Picturehouse at FACT in Liverpool in 2002, the Greenwich Picturehouse in 2004, The Ritzy in Brixton and the Exeter Picturehouse in 2005 and Cinema City in Norwich in 2007, with additional funds invested in 2009 to enable the cinemas to become fully digital.
In total Albion invested approximately £8.6 million and received total proceeds including loan stock interest, loan stock repayments and other payments over the course of the investment of over £22 million, a return of approximately 2.6x.
Compass Supply Solutions offers drinks logistics services to the air, cruise and rail industries.
Albion Community Power and its partner AlphaGen Renewables announce the biogas project in Docking, Norfolk is now generating enough energy to power 120 homes.
Docking is a landfill gas project under a 20 year contract with Norfolk County Council to install and run a microgeneration landfill gas engine on the existing site. The project represents the first step towards a portfolio of high yielding, small scale biogas projects with AlphGen Renewables.
Dolphin Nurseries is building a group of private children’s day nurseries in the south-east and London. The holding was sold in 2004.
Dragon Hydro has developed a 375kW hydroelectric power plant in the county of Gwynedd, Wales. The plant was commissioned in October 2013 and is now operational.
Drummond Court VCT built and operated a 36 bedroom home for residents with learning disabilities in Bury St Edmunds, Suffolk. The company was successfully sold in March 2004.
Dysis is a medical device company that designs, develops, manufactures and markets imaging systems for the non-invasive, in-vivo detection of cancerous and pre-cancerous lesions.
Earnside Energy operates a food waste to energy anaerobic digestion and composting plant near Perth in Scotland.
Edo Consulting is a digital consultancy focusing on business transformation and digital engagement.
Exco InTouch is a leading electronic Patient Reported Outcomes and patient engagement software business.
Forward Health is a secure mobile messaging and workflow tool for doctors and care workers. They have established themselves as the leading secure mobile communication platform in the NHS.
Freeline Therapeutics is a biopharmaceutical company based at UCL's Royal Free London Hospital and is focused on the development of liver-directed gene therapies.
Gene therapy has the potential to transform lives for people with severe diseases by providing a long-lasting, safe and reliable source of enzymes to the blood. The Company’s next-generation AAV gene therapy platform has been developed by Professor Amit Nathwani, Professor of Haematology at UCLB, and it builds on the successful haemophilia B phase I/II trial conducted by him with St. Jude Children’s Research Hospital, Memphis. The results of the study, published in the New England Journal of Medicine, demonstrated that all ten treated haemophilia B patients showed safe and sustained expression of blood clotting Factor IX after a single administration. The company will develop and commercialise gene therapies for bleeding and other debilitating disorders. Freeline’s shareholders include Syncona LLP, UCLB and UCL Technology Fund.
Fryers Walk VCT built and operated a 34 bedroom home for residents with learning disabilities in Thetford, Norfolk. The company was successfully sold in March 2004.
December 2009 funds managed by Albion realised their holding in Geronimo Inns VCT realising a total return of over £2m in just 18 months.
Albion has built a 1MW hydropower scheme on the Allt Gharagain, close to Loch Gowan in Western Scotland.
The scheme is operational. It is generating an average 3.1GWh of electricity per year, enough to power up to 850 households.
Albion Community Power announces another project in association with Infinite Renewables, a 1.5MW wind turbine project on land next to the Goathill Quarry, Easter Bucklyvive, Fife, Scotland.
Vibrant Energy is one of the leading providers of Energy Performance Certificates (EPCs) in the UK.
Greenenerco is a partnership with Infinite Renewables, a Welsh based consultancy with whom Albion is to develop a single 500kW Wind Turbine in Wales. The wind turbine is operational.
Provided occupational health services to large corporate customers.
Haemostatix is developing first-in-class topical clotting agents for the treatment of bleeding. The technology is based on a novel class of molecule that binds directly to fibrinogen to promote haemostasis. The lead candidate PeproStat, an ultra-fast topical haemostat addressing a $1bn market globally. Albion sold its stake in Haemostatix to Ergomed in May 2016.
Hawkwell VCT owned and operated the Hawkwell House hotel in Oxford. The hotel was extended and refurbished and the company was successfully sold in October 2002.
Healios is an online platform delivering family centric psychological care primarily to children and adolescents. The Company provides assessment, treatment and early intervention for a variety of mental health conditions.
Why we invested
The rise of mental ill health in the UK, and particularly its prevalence amongst children, has led to an increasing recognition that traditional mental health service delivery models are inadequate. By uniquely pairing technology with clinical and technical expertise, Healios is able to efficiently deliver high quality family-centric care to a severely underserved population.
Hilson Moran provides consultancy in building services, sustainability, facilities management and other services and is firmly established as a leading service engineer to commercial office, retail, leisure, hotel and residential projects. Completed projects include “The Gherkin”, Wembley Arena and the Olympic Village at Stratford. The company employs more than 250 staff based in London, Manchester, Farnborough, Abu Dhabi and Qatar. Albion Capital sold its stake in Hilson Moran to Tyrens generating a 3x return and 43% IRR
House of Dorchester, a premium chocolatier was acquired by Charbonel et Walker in 2014.
Innovation Broking is an independent commercial insurance broker providing corporate insurance broking services for companies and organisations seeking board level advice.
Kew Green VCT (Stansted) Limited owns the long leasehold interest in and operates the 254 bedroom Holiday Inn Express hotel at London Stansted airport.
Lab M has long enjoyed an international reputation for the high quality and range of its dehydrated culture media, routinely used in microbiology laboratories around the world. It was acquired by Neogen Corporation in 2015.
ACP has built a run-of-river hydro scheme, Liatre Burn, on the Glen Cannich estate. The 500 kW high-head scheme is located near Loch Mullardoch in Glen Cannich, some 35km south-west of Inverness.
The scheme is operational.
Located in Liphook, Hampshire and adjacent to the successful Bramshott Place retirement village, the Liphook care home will provide first class facilities for 67 residents and be operated under the Mayflower brand. Due to open in early 2018, the home will employ approximately 70 full time staff and provide a range of facilities including a bistro, cinema, library, private dining room, hairdressing salon and several comfortable lounges. The home will also benefit from extensive secure, landscaped gardens.
Locum's Nest is a web platform and mobile application which allows NHS Trusts to manage their requirements for Locum doctors in a more efficient and cost effective way.
Lombardy Court VCT built and operated a 24 bedroom home for residents with learning disabilities in Ipswich, Suffolk. The company was successfully sold in March 2004.
Established in 1984, Masters is principally engaged in the compliant sourcing of a broad range of established branded prescription drugs (or their generic equivalent) and pharmacy medicines. Albion funds successfully exited their investment in Masters in March 2017
Matr is a brand extension of Third Space Learning which launched in 2012. It provides one-to-one tutoring services via a proprietary online platform and aims to connect lower cost, higher quality tutoring supply from developing countries to developed economies. Over 7,000 pupils benefit each week from maths sessions delivered by their tutors based in India and Sri Lanka. Third Space Learning is working with UCL to develop a revolutionary AI platform which augments the tutors’ skills and ensures every session is as effective as possible.
MeiraGTx is a vertically integrated, clinical stage gene therapy company with four ongoing clinical programs and a broad pipeline of preclinical and research programs. MeiraGTx has core capabilities in viral vector design and optimization and gene therapy manufacturing, as well as a potentially transformative gene regulation technology. Led by an experienced management team, MeiraGTx has taken a portfolio approach by licensing, acquiring and developing technologies that give depth across both product candidates and indications.
Mirada Medical, a spin out from Siemens, has developed software that allows images from multiple sources to be combined to provide greater clinical certainty in diagnosis and treatment of cancer.
Mount House School is a senior independent co-educational day school in Hadley Wood, near Barnet in North London, located in a Grade II* Listed former convent which was first adapted and established as a school in 1903. With Albion investment the management team are investing in both new facilities and modernisation of the existing site to enhance the student experience. The school is run by an experienced team of professionals who treat every student as an individual and support pupils to strive for academic excellence within a clear framework of personalised pastoral care and well-being.
My Meds & Me provides a web-based solution for the capture of adverse event, product complaint and targeted medical information for pharmaceutical companies.
Albion has sold UK based mental health hospital Nelson House to Sussex Partnership NHS Foundation Trust and Care UK for £8 million.
The company owned and operated Bayfield Court, a 46 bed care home for the elderly located in Chingford, Essex. The home won a number of care industry awards during the period of Albion’s investment and was sold successfully in December 2014 to one of the largest industry consolidators.
Odyssey Glory Mill developed and operated the Odyssey Glory Mill health and fitness club near Beaconsfield. The company was successfully sold in December 2004.
In 2010 Albion invested £6.5m in Orchard Portman to acquire a nursing home and constructed a 23 bed psychiatric care hospital as an extension to the existing building. The sale of Orchard Portman will result in the creation of one single psychiatric care hospital with a total of 46 beds, renamed Cygnet Hospital Taunton.
Orchard Therapeutics is a biotechnology company dedicated to bringing transformative gene therapies to patients with serious and life-threatening orphan diseases.
Orchard Therapeutics is a spin-out from the Institute of Child Health (ICH) at UCL, commercialising a gene therapy platform with the potential to cure a range of rare childhood genetic disorders in a single treatment. The company’s programmes use the potential of ex-vivo autologous haematopoietic stem cell gene therapies to restore normal gene function in severe and life-threatening inherited disorders, including immunodeficiencies and a range of neurological disorders, and have demonstrated excellent safety and efficacy in ongoing clinical trials. Orchard’s shareholders include F-Prime Ventures, UCLB and the UCL Technology Fund.
Oviva is a digital health business providing medical nutritional counselling. The company has developed mobile technology solutions that enable its dietitians to provide superior care in a highly efficient way. Oviva is headquartered in Zurich and currently has operations in Germany and the UK.
Oxford Immunotec is a medical diagnostics company developing new tests for various diseases based on its innovative, patented T cell measurement technology. The company was founded in 2002 based on world-leading research at the University of Oxford. The company's main product is the T-SPOT.TB test, a cellular blood test for the detection of active and latent TB infection. Having vastly improved characteristics, the T-SPOT.TB is replacing TB skin testing in most healthcare systems worldwide.
Payasugym is a fast growing business that enables its customers to visit a wide range of health and fitness clubs on a flexible basis, without the need to subscribe for long term memberships or undergo inductions and fitness assessments.
Payasugym was founded in 2010 by Jamie Ward and Neil Harmsworth. To date the company has signed up more than 2,500 health and fitness facilities.
Peakdale Molecular offers a range of products and services to its pharmaceutical and biotechnology customers to accelerate their drug discovery initiatives. The Company's approach is based upon its strength in synthetic organic chemistry and the desire to further innovath through novel compounds and methodologies.
Premier VCT (Bristol) owned and operated the Holiday Inn Express near Bristol Templemeads station. The company was successfully sold in September 2002.
Premier VCT (Dartford) built and operated the Holiday Inn Express near Dartford bridge. It was initally built as an 80 bedroom hotel and then extended to 120 bedrooms. The company was successfully sold in November 2000.
Premier VCT (Mailbox) owned the long leasehold interest in and operated the 90 bedroom Ramada hotel in the Mailbox in Birmingham. It originally opened as a Days Inn before becoming a Days Hotel and was later rebadged as a Ramada hotel. Albion sold Premier VCT (Mailbox) in 2007.
Prime Care operates on the South Coast of England, providing home care services to elderly and disabled clients. The company has won a number of presigeous awards for the quality of care it delivers.
Proveca focuses on the re-engineering of existing generic medicines to make them appropriate for use by young people. The company is developing and commercialisng medicines for children in the fields of cardiology, neurology and pain management.
Q Gardens owns and operates the seven acre freehold Abbey Garden Centre at Fareham in Hampshire.
We sold the business for an undisclosed sum in December 2016.
Radnor House is a 7 - 18 independent co-educational day school in Twickenham, located in stunning historic buildings on the banks of the River Thames. Formerly the site of Alexander Pope’s mansion where he entertained the literary elite of his day, the buildings have been transformed into a school combining a sense of history with the latest educational provision. The school employs an outstanding team of professionals who have developed a highly successful and innovative approach to education provision.
Radnor House, Sevenoaks is a co-educational independent school for students aged three to eighteen, located near Sevenoaks, Kent.
In Radnor House, Sevenoaks, Albion and the Radnor House School management team have identified a unique opportunity to expand the Radnor House model by enhancing the school’s culture of academic achievement and first-rate pastoral care, as well as making the necessary investment to provide new facilities and modernise existing ones where necessary. Radnor House, Sevenoaks used to be known as Combe Bank School
Regenerco Renewable Energy Ltd was formed in 2010 in partnership with Industrial Solar. It provides small businesses and councils access to free rooftop solar installations providing them with sustainable source of power, and providing the Albion funds with a longterm, inflation protected source of income
Albion Community Power has built a 500kW low head hydro project on the River Arkaig, Achnacarry, Spean Bridge, Scotland. The scheme is operational.
Albion have committed up to £6.75 million for the development of a purpose-built residential care home for the elderly, the new facility will be located in Hillingdon, Greater London, providing hotel style accommodation including a bistro, private dining room, library and spa. Berkley Care Group, an award winning provider of elderly care services, will operate the new facility.
Shinfield Lodge is a care home in Reading that offers residents the chance to experience luxury living and exceptional care. Shinfield provides residential, dementia, respite and day care in a stimulating, beautiful environment.
Sift is a leading digital publisher operating in three sectors: accounting & finance, small business and enterprise.
Street by Street Solar Programme was formed in 2010 in partnership with Engensa. It provides homeowners access to free rooftop solar installations providing them with sustainable source of power, and provides the Albion funds with a long term, inflation protected source of income
Albion Community Power has committed £1.8m to fund the development of a 500kW single wind turbine on a freehold site in Tredegar, in South Wales. in partnership with Infinite Renewables.
The site is located on the land next to Waldron Commercials, Tafarnaubach Industrial Estate. The turbine is already produce power and is predicted to generate over 1,400MWh of electricity per year. ACP, which is the majority shareholder in the project, has forecast an inflation linked IRR of 13% for a period of 20 years.
Tender Loving Childcare operates purpose built nurseries predominantly positioned on NHS hospital sites. The company operates an innovative business model enabling it to provide a high quality environment while minimising the cost of development of each nursery. The investment was sold to Learning Care Group in 2008.
The Bear Hungerford Limited owns and operates the 41 bedroom Bear Hotel in Hungerford. Albion sold The Bear Hungerford in March 2013.
The Charnwood Pub Company owned and operated 10 public houses in central England. All have now been sold.
The Crown Hotel in the centre of Harrogate is a 115 bedroom hotel with extensive conference and banqueting facilities which has been restored to its former glory. Albion exited the Crown Hotel in August 2017
The Place Sandwich owned and operated the 37 bedroom Bell Hotel in Sandwich. Following extensive refurbishment and revival of the hotel's trading, the company was sold to Shepherd Neame in September 2011.
The Printworks Health Club & Spa was acquired by SDI Property in 2015.
The Stanwell Hotel is located near Heathrow Terminal 5 and has been extended and refurbished to create a 52 bedroom boutique hotel.
The Weybridge Club is set in 30 acres of Surrey countryside between Weybridge and Walton. Members can indulge in a luxury spa therapy, relax by the swimming pool or work away any stress in our fully equipped gym.
Albion invested in The Weybridge Club in April 2005. Albion sold The Weybridge Club in June 2017.
Thebigword provides translation and localisation services worldwide. Using innovative technologies, the company has become one of the fastest growing businesses in its industry.
Tower Bridge Health & Fitness Club was acquired by Third Space in 2014. The sale generated an attractive return for the Albion funds and the founders.
uMotif provides a patient engagement and data capture platform for use in real world and observational research.
The company provides learning technology solutions to schools in the UK and Australia. Albion exited its investment in September 2015.
Albion have successfully exited its investment in Vivacta Limited, a medical diagnostic company developing proprietary sensors and readers for rapid, point-of-care (PoC) testing.
Our care home at the site of the old Sandford St Martin’s School near Wareham opened in the summer of 2017. The home provides luxury facilities for 64 residents and includes a café, library, cinema room, hairdressing salon, a dedicated activities room, a variety of lounges and secure garden space.
Xceleron has pioneered the use of AMS analysis in pre-clinical and clinical development. AMS is the world's most sensitive analytical instrument and can provide critical human metabolism data at an early stage in the development process. The bulk of the operations are now run out of Maryland, US. Xceleron was sold to Pharmaron in January 2017.