Numen Capital LLP

Numen Capital LLP

Numen Capital LLP was founded in 2000 by Manoj Badale and Prashant Patel, initially serving as a single-family office for Badale's proceeds from the sale of his IT services firm. The firm later expanded to a multi-family office structure, serving a small number of technology and retail entrepreneur families. Wealth origins trace to Badale's co-founding of an Indian IT consultancy and Patel's earlier ventures in retail and finance (per public record). Numen Capital allocates across three core strategies: venture capital, growth equity, and real estate. In venture, it backs early-stage technology companies in Europe and India, with a focus on software, digital health, and climate tech. Growth equity positions are typically in consumer and business services firms. The real estate arm focuses on UK and Indian commercial and residential assets. Known portfolio companies include the Indian online pharmacy Netmeds and the UK-based healthtech firm Push Doctor — both growth-stage positions (per public record, 2020). The firm also co-invests alongside external GPs on a deal-by-deal basis. The team is estimated at fewer than 20 professionals, operating from a single London office. The firm maintains a separate philanthropic vehicle, the Badale Foundation, which focuses on education and healthcare in India (per the foundation's public filings, 2023). In 2024, Numen Capital was reported to have increased its deployment pace, backing two new venture rounds in European climate tech startups (per public record). Numen Capital's structural differentiator is its multi-family model with a tech-entrepreneur base: it offers direct co-investment opportunities and operational support to portfolio companies via the principals' own entrepreneurial networks. The firm does not raise external institutional capital and does not manage any pooled fund vehicles — all deployment is via SPVs, direct equity, or club deals with fellow family offices.