# MD ONE Ventures

MD ONE Ventures is a Venture Capital based in London, United Kingdom.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** www.md-one.com
- **LinkedIn:** https://www.linkedin.com/company/md-one-ventures

## Regulatory record

- **Reports private funds:** No

## About

MD One is Europe's first Defence and National Security Venture Capital firm, dedicated to supporting applied DeepTech innovation for the UK, Europe and Allies. Founded in 2021, the team combines deep sector experience with an extensive Venture Capital track record. With a flexible, founder-friendly approach, they partner with founding teams delivering dual-use technologies to commercial and governmental end users, investing from Pre-Seed to Series A.

## Sectors

- Defence Tech
- DeepTech
- AI/ML
- Robotics & Automation
- Cybersecurity
- SpaceTech

## People

- William McManners — Founder and Managing Partner
- Edward Ebbern — Co-Founder and Partner
- Kelvin Au — Founding Partner

## Questions

### Who makes investment decisions at MD ONE?

The Managing Partner and Founder is William McManners, who leads the investment team. Co-Founder Edward Ebbern and Founding Partner Kelvin Au complete the core decision-making group, drawing on backgrounds spanning UK Special Forces, the Defence BattleLab accelerator, and institutional VC at Draper Esprit.

### What is MD ONE's specific multi-stage deployment model?

The firm invests from Pre-Seed through Series A, with a stated policy of following on into two subsequent rounds where possible. This structure leans toward concentrated early backing rather than one-shot seed cheques, blending early-stage VC economics with a defence-sector hold period that often requires sustained capital support to reach government procurement milestones.

### Does MD ONE require a prior government contract before investing?

No. The firm states explicitly that there is no requirement for a product or solution to have an existing governmental track record. MD ONE evaluates commercially viable DeepTech companies that have the potential to advance UK and allied national-security capabilities, even if they have never sold into a defence ministry.

### How is MD ONE regulated?

MD ONE Ventures Limited (FRN 979833) is an Appointed Representative of AQ1443 Ltd, which is authorized and regulated by the UK Financial Conduct Authority (FRN: 978496). The firm will not transact with or provide services to Retail Clients, restricting its activities to Professional Clients and Eligible Counterparties under FCA definitions.

### What is MD ONE's position on dual-use technology?

Dual-use is the firm's explicit thesis. MD ONE backs companies whose technologies serve commercial markets while also addressing defence and national-security requirements. The portfolio reflects this across software and hardware — XTEND's autonomous drones target commercial and defence buyers, while Airfinity's disease forecasting serves both life-science enterprises and government health security agencies.

## Related profiles

- [MDI Ventures](https://altss.com/profile/mdi-ventures)
- [MDRN Capital](https://altss.com/profile/mdrn-capital)

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Last updated: 2026-08-11T15:07:26.757Z

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