Scaleup programmes

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Eight Roads [Annual Review 2020]

Finance and Risk Capital

Impact for scaleups


Companies backed


Follow-on investments


Investments outside of London


Growth-stage investments

Key sectors

Impact ventures / Social Impact Life Sciences & Biotech Building & Construction Manufacturing / Advanced Manufacturing Creative, digital, film, games & media Professional services Defence & security Technology & Communications Engineering / Advanced Engineering Transport & Logistics Environmental Science & Technology Farming, fisheries & forestry Finance Food & drink Healthcare

Eight Roads provides venture and growth-stage capital, investing in technology and healthcare companies that are in scaleup phase.

With its origins stretching back to 1969 as Fidelity Ventures, the firm has its head office in London with other offices in Hong Kong, Beijing, Shanghai, Mumbai, Tokyo, Hamilton, Boston and Stockholm. Eight Roads invests in companies based in Europe, US, India, Japan and China.

It has backed 17 UK companies since 2013. Out of all these investments, the majority have been into London-based companies. The average size of its investment round into UK companies since 2013 is £33.3m. Notable UK scaleups in which the firm has invested include Deliveroo, MADE and notonthehighstreet. A recent investment was made in the savings app Moneybox.

The firm says that it backs founders “with high conviction” and is selective about the number of investments it makes. Its principal investment team takes a patient capital approach which it says is appropriate for the long development times for healthcare companies, particularly in therapeutics.

Eight Roads [Annual Review 2020] website