Investor profile

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IW Capital

VC

GBAI/MLHealthtechB2B SaaSConsumerClimateDeep TechOther

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Investment thesis

IW Capital was founded in 2011 with a mission to back ambitious growth businesses, originally focusing on EIS-qualifying companies. Today the firm invests on a thematic basis around four megatrends reshaping societies and economies: Health and Wellbeing, Technology, Environmental Improvement/Circular Economy, and Consumer Goods and Services. IW Capital backs founders with proven concepts already generating revenues of at least £2M per year, who are purpose-led and building category-leading businesses to solve major global issues. Most investments have technology at their heart — through owned intellectual property, being technology-enabled, or through the application of AI. As active investors, IW Capital takes board positions, provides strategic guidance, leverages its 40,000-strong HNWI investor network, and offers dedicated support in growth marketing, PR and public affairs via its IW Catalyst platform.

Notable quotes

We've broadened our focus out from EIS businesses to any high-potential and scalable business that offers a solution to one of the world's major issues. We're now a team of 12, we have over £170m assets under management across a range of industries and fully exited 8 investments, and we're currently raising a growth fund of up to £30M which will co-invest with our 40,000-strong HNWI investor group.

Tariq Attia · Maddyness UK – 'Cross-sector experience backing brilliant businesses, a profile of IW Capital' · 2025-04-07

Lucida Medical is addressing a critical bottleneck in modern healthcare. As populations age and incidence rates of cancer rise, the ability to diagnose cancer earlier and more efficiently is essential and forms part of a major Government plan. The company combines deep clinical expertise, strong NHS validation and a scalable technology platform, and we are pleased to support its next phase of growth.

David Fisher · Vestbee – 'Cambridge-based medtech firm Lucida Medical secures £8.7M' · 2026-03-31

Our growth has gone gangbusters since IW Capital invested in 2024. We were one of TIME Magazine's 'World's Best Inventions' and were recently ranked number four in the Sunday Times' fastest growing companies.

Varun Bhanot · IW Capital website – Invest page

Team

Tariq Attia

CEO

AI/MLHealthtechConsumerClimate

Alan Armstrong

Chairman

AI/MLHealthtechConsumerClimate

David Fisher

Senior Investment Director

B2B SaaSAI/MLHealthtechMarketplaces

Charlie Lyon Carroll

Investment Director

AI/MLConsumerB2B SaaS

Isobel Egemole

Investment Director

HealthtechAI/ML

Jasper Falk

Investment Committee Member

FintechEnterprise

Recent investments

CompanyRoundSizeDate
Lucida MedicalSeries A$11m2026-03-31
StrolllSeries A$13m2025-03-01
NavigatorSeries A$5m2025-09-24
Impact RecyclingFollow-on$4m2025-06-10
MAGIC AISeed2024-11-01
Plumm HealthGrowth
BorrowMyDoggySeed
Transcend PackagingGrowth
FlarinGrowth
GPDQGrowth

Frequent co-investors

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