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MonacoSol
MonacoSol is a Manchester-based private equity firm run by former software operators, deploying growth capital into UK B2B SaaS businesses.
MonacoSol
MonacoSol was founded by a team of entrepreneurs following multiple software exits, including the sale of cyber security firm Deep Secure in August 2021 and Ollie's exit from Node4 in 2019. Chairman Richard, who sold his first company Imasys to Capita in 1997, leads a group of principals with deep operational backgrounds in building, scaling and divesting technology companies. The firm is headquartered in Manchester, United Kingdom, and draws its talent from founders who have experienced the full lifecycle of a tech SME. The firm makes control and growth-equity investments in UK-based B2B software and technology businesses at the seed to growth stage. Its deployment model centers on an average £2 million growth capital cheque, paired with in-house operating support that spans strategic planning, sales development, marketing, finance and technology. Confirmed portfolio positions include Open ECX, a cloud-based construction e-invoicing and payments platform, and Furza, a Manchester-based graduate sales recruitment and training startup. MonacoSol previously held and successfully exited WebContractor, a subcontractor application-for-payment platform, evidencing a pattern of building and selling niche vertical SaaS assets. The firm operates with a lean team of operator-principals — including Chairman Richard, CEO Ollie, CFO Eddie (ex-Grant Thornton and Secura Hosting MBI) and additional functional leads in finance, technology and M&A. Operations have remained focused on the Manchester office without a disclosed network of additional locations or external club co-investment vehicles. A recent operational marker: the August 2021 sale of Deep Secure by Chairman Richard, an event that reinforced the team's liquidity to continue backing early-stage UK software companies directly rather than through a fund structure (per firm website, 2021–2024). MonacoSol's structural differentiator is its pure operator-led sourcing model. The firm does not market itself as a capital allocator but as a team of former founders and operators who deploy personal and proprietary capital directly into businesses where they can contribute as active operators. This architecture avoids a traditional fund cycle and institutional LP reporting requirements, instead making concentrated, long-duration investments in companies that match the team's specific domain expertise in B2B software and construction technology.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
Manchester
Corporate office
Manchester, United Kingdom
Principals
Richard
Chairman
Ollie
CEO
Eddie
CFO
Sector focus
Frequently asked questions
Who runs investment decisions at MonacoSol?
Investment decisions are led by Chairman Richard and CEO Ollie. Richard sold his first business to Capita in 1997 and most recently exited Deep Secure in August 2021, while Ollie led the MBI and subsequent sale of Secura Hosting to Node4 in 2019. CFO Eddie conducts buy-side financial due diligence, drawing on his corporate finance background at Grant Thornton. The team acts as a unified investment committee, with no external advisory board disclosed.
How does MonacoSol source deals?
The firm sources opportunities primarily through the founders’ established UK software network, built across 30 cumulative acquisitions and disposals. Because the principals are former operators rather than career investors, their pipeline originates from direct relationships with founder-led B2B software SMEs. The website indicates an inbound pathway for founders seeking investment, supplemented by the team's proactive M&A outreach in construction tech and business services software.
Is MonacoSol structured as a single-family office or a private equity firm?
MonacoSol self-identifies as a private equity business, not a family office. The capital appears to be a combination of the founders’ own liquidity from prior exits and operating profits, deployed without an external fund structure. This hybrid posture — operator capital, no disclosed institutional LPs — functions more like a private holding company making PE-style investments.
Does MonacoSol participate in fund commitments or only direct deals?
All observable activity is direct, control or near-control investments into UK B2B software SMEs. The firm has not publicized any fund-of-funds commitments, LP stakes in external vehicles, or club deal arrangements. Its stated model is to invest an average of £2 million of growth capital alongside hands-on operational support.
Which sectors does MonacoSol explicitly avoid?
MonacoSol targets business-to-business software and technology. The portfolio signals no positions in consumer apps, hardware, biotech, deep tech or non-software business services. Construction software (Open ECX, WebContractor), sales tech (Furza), and payments software are the only named verticals, suggesting the firm stays within domains where its principals have direct operating experience.
What is MonacoSol's known posture on co-investments alongside external GPs?
No co-investment relationships with external private equity GPs or institutional allocators have been disclosed. The firm’s investment model appears to be proprietary and independent, consistent with a team that deploys its own permanent capital without syndication requirements.
Where does the underlying capital come from?
The capital originates from the founders’ personal exits in UK software and technology: Richard from Imasys and Deep Secure, Ollie and Eddie from the Secura Hosting MBI and sale to Node4, and related liquidity events. The firm does not report raising committed funds from outside limited partners.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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