# ETCapital

ETCapital is a Private Equity based in Cambridge, United Kingdom.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Cambridge, United Kingdom
- **Region:** Europe
- **Address:** 15a Water Lane, Impington, Cambridge, CB24 9XW, United Kingdom
- **Founded:** 1992
- **Assets under management:** Undisclosed
- **Website:** www.etcapital.com
- **LinkedIn:** https://www.linkedin.com/company/et-capital-limited

## Regulatory record

- **Reports private funds:** No

## About

We raise and manage a series of funds focused on high-growth science and technology businesses | Founded in 1992, ET Capital is an investor in high-growth technology businesses based in Cambridge, UK.

## Sectors

- ClimateTech
- Digital Health
- Life Sciences
- Enterprise Software
- Energy Transition & Renewables
- Mobility & Transportation
- AgriTech & FoodTech
- Industrial Tech

## People

- Martin Rigby — Managing Director
- David Gill — Non-executive Director
- James Griffiths — Investment Director

## Questions

### How does ET Capital source proprietary deal flow?

The firm sources predominantly from the Cambridge, Oxford and London university and research ecosystems. Non-executive Director David Gill has been managing director of St John's Innovation Centre in Cambridge since 2008, giving the firm a physical and relational anchor inside one of the cluster's primary incubators. The Carbon13 venture builder partnership adds a structured deal-creation pipeline for climate-tech spinouts.

### Is ET Capital a single fund or a family of funds?

ET Capital operates a family of discrete, strategy-specific funds rather than a single pooled vehicle. These include Cambridge Research & Innovation Limited (early-stage, managed since 2004), UK China Enterprise (China scale-ups, launched 2018), Carbon Order (direct air capture, managed since 2018), and Carbon13 SEIS Fund I & II (climate venture builder). Each fund carries its own mandate and LP base.

### What investment stages does ET Capital typically target?

The firm targets early-stage and growth-stage technology companies, with a concentration on science-based businesses spinning out of research institutions. Its managed fund Cambridge Research & Innovation Limited is explicitly an early-stage vehicle, while the Carbon Engineering investment represents an ability to hold positions through to a late-stage $1.1B industrial acquisition.

### How is ET Capital related to Carbon13 and UK China Enterprise?

Carbon13 is a Cambridge-based venture builder focused on climate-emergency businesses; ET Capital manages Carbon13 SEIS Fund I & II as tied funds investing in Carbon13's created companies. UK China Enterprise is an early-stage venture fund launched in 2018 in partnership with UK China Enterprise LLP, targeting science-based businesses with China scale-up potential, with ET Capital acting as manager.

## Related profiles

- [ETA Equity](https://altss.com/profile/eta-equity)
- [Etchart](https://altss.com/profile/etchart)

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Last updated: 2026-06-03T20:00:00.000Z

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