Indigo 7 Ventures

Doug Duguid, co-founder and CEO, leads investment decisions. He previously built and ran EnerMech, an Aberdeen-based industrial services firm, before selling it to The Carlyle Group in 2018. Partner Fiona Duguid and partner David Duguid are also listed as members of the investment team, alongside co-founder and CFO Michael Buchan, who handles financial operations.

The firm was seeded with proceeds from the December 2018 sale of EnerMech to The Carlyle Group. Doug Duguid and Michael Buchan served as CEO and CFO of EnerMech respectively, and the exit provided the founding capital pool for Indigo 7 Ventures. No external limited partners or institutional investors have been publicly disclosed.

The firm operates across the venture lifecycle. Altss research tags cover seed, startup, early-stage, expansion, and late-stage venture, indicating a generalist approach without strict stage exclusions. The firm has not published a formal stage mandate, suggesting deployment is opportunistic and driven by founder relationships and sector familiarity rather than a rigid fund construct.

Sector emphasis skews toward industrial technology, energy transition, and enterprise software — areas that align with the founders' operational background at EnerMech. No explicit sector exclusions have been published. The firm enters deals where the founders' deep industrial services and offshore-energy experience can inform investment decisions and portfolio-company guidance.

The firm's Aberdeenshire base provides a sourcing advantage in the UK's offshore-energy and industrial technology corridor, a network few London venture firms replicate. Founders Doug Duguid and Michael Buchan draw on two decades of senior relationships across global energy and industrial-services supply chains. Direct origination, rather than syndicated auction processes, is the likely posture.

The firm is structured as an asset manager, not a single-family office, despite family members holding partner roles. The Duguid family's presence on the investment team — Fiona Duguid and David Duguid serve as partners — creates governance dynamics similar to a family office, but the vehicle sits outside the classic SFO regulatory perimeter as a generalist venture manager.

No separate philanthropic foundation or real-asset fund has been publicly linked to Indigo 7 Ventures. The firm operates from Dunnottar House, a commercial property in Dyce, Aberdeenshire, which is held as a separate real estate asset by the Duguid family. Investment and operating infrastructure appear integrated, not siloed into distinct legal entities.