Overview
24Haymarket is a distinguished venture capital and growth equity firm headquartered in London, UK, with an additional office in Edinburgh. Established in 2012, it is recognized for its expansive network of seasoned investors and senior operators, focusing primarily on early-stage investments in sectors such as biotechnology, digital healthcare, and cybersecurity. It aims to partner with exceptional entrepreneurs to drive innovation and growth.
Investment Philosophy and Strategy
24Haymarket invests in companies demonstrating initial commercial traction through an active investment approach. The firm's strategy includes maintaining a board seat in each invested company, providing post-investment guidance to ensure sustainable growth. With a strict investment thesis, 24Haymarket leverages insights from its investor network for backing fast-growing verticals. The firm has invested a total of £104 million, typically taking an 18% ownership stake with initial investments ranging from £1-£5 million and has led 56 investments to date.
Key Focus Areas
Key sectors of investment include:
- Climate tech
- Digital healthcare
- Cybersecurity
- Biotechnology
- Analytics and information services
24Haymarket is committed to early-stage venture and growth equity investments, contributing to company successes such as Wattbike and proSapient through both capital and strategic support.
Core Values
The operations of 24Haymarket are driven by the following core values:
- Connectivity: Establishing strong connections through extensive collective entrepreneurial and investment experience.
- Alignment: Ensuring financial alignment and commitment with each investment.
- Transparency: Implementing a transparent process, typically completing within six weeks post-initial engagement.
- Partnership: Fostering active partnership and support to maximize investment potential.
Leadership Team
Key members of the leadership team include:
- Paul Tselentis, CEO and Board Member: Co-founder with over a decade in private equity, previously associated with The Carlyle Group, CCMP Capital, and Lehman Brothers. Holds a BA in Economics from Harvard University.
- Marek Gumienny, Board Member: A founding member with vast experience in private equity, Marek has held directorships at companies like Brain in Hand and Hybrid Access.
- Simon Leefe, Board Member: Co-founder with a background in media and IT services, previously worked with Candover Partners Limited. He studied English Literature at Exeter University.
- Lindsay Stuart, Board Member: Co-founder and former Managing Partner at JPMorgan Partners Europe, with experience at Cinven, Prudential Venture Managers, and Candover.
Recent Investments and Achievements
Recent notable investments include:
- A £4 million investment in Huq Industries to advance geo-behavioral consumer research platforms.
- Supported DrDoctor with a £10 million funding round focusing on enhancing patient engagement platforms.
Investments are guided by financial and strategic potential, offering both capital and strategic advice – a valued attribute noted by CEOs of portfolio companies like Wattbike and proSapient.
Competitor Profiling
24Haymarket faces competition from several key players in the investment industry:
- AngelNews: Leading European news service, influential in the venture capital and private equity space with a revenue of approximately £193,000.
- DeBere Capital Partners: A private investment boutique in London, specializing in life sciences and space technology, providing strategic journey support from fundraising through to exit.
- Connection Capital: Offers UK private investors access to diverse equity and property deals, having raised over £500 million, with investments in Virgin Wines and Starbucks' franchise partner, 23.5 Degrees.
- Cambridge Capital Group: With a focus on high-tech startups in the UK's Golden Triangle, this group has invested over £50 million in technology start-ups.
- Farlap Capital Limited: A principal investment arm for family offices, focusing on private equity and structured finance, offering a strong geographic and asset-class investment portfolio.
By focusing on high-growth sectors and providing specialized guidance, 24Haymarket effectively positions itself amid these competitors, leveraging its sector-specific expertise to enhance its portfolio and influence in the rapidly evolving investment landscape.
