About EMV Capital
EMV Capital is a London-based early-stage venture investor focused on B2B companies in the industrial high-tech, energy, circular economy, smart cities and transportation sectors and healthcare. On August 24th, 2020, EMV Capital was acquired by NetScientific. Terms of the transaction were not disclosed.
Latest EMV Capital News
Dec 1, 2023
NewsnReleases DeepTech Recycling secures £1 million investment December 1, 2023 LONDON, UK: NetScientific Plc (AIM: NSCI), the deep tech and life sciences VC investment group, announces that its portfolio company DeepTech Recycling Limited has successfully closed a £1 million fundraising. DeepTech Recycling is a UK deep tech company born out of a global environmental crisis caused by insufficient and unsustainable management of plastic waste. Its mission is to make plastic sustainable and support the critical global drive towards a circular economy for plastics through chemical recycling of plastic waste. DeepTech Recycling has a unique, patented and proven technology platform, which was developed over more than 10 years of structured and accelerated development and commercialisation, and offers unique and innovative solutions to the environmental challenges of plastic pollution. The Fundraising, carried out via an advance subscription agreement, constitutes the first closing of a target investment programme of c.£3 million, with further investment anticipated within the next six months. The Fundraising was led and syndicated by EMV Capital, the Company’s wholly owned venture capital and corporate finance firm. In December 2022, DeepTech Recycling, in which the NetScientific group holds a 30 per cent. stake, acquired the majority of assets of Recycling Technologies Limited out of administration. Since the acquisition, the value creation team of EMV Capital has worked closely with DeepTech Recycling to consolidate assets and IP, embark on further research and development programmes, and start on the commercial roadmap of the business. The proceeds of the Fundraising will, inter alia, support DeepTech Recycling in the completion of a development phase for its pilot plant, development and adaption of its targeted technology and licensing strategy, as well as the set-up of its operating base and development of its core team. The advance subscription funds will only be applied for shares in the capital of Deeptech Recycling upon, inter alia, Deeptech Recycling raising at least £1.5 million (or such lower amount as may be agreed between the parties) within six months of the first closing of the Fundraising. Such subscription shares are anticipated to be priced at a 20 per cent. discount to the issue price of such £1.5 million fundraising, with an agreed valuation cap of £6 million. Given the subscription price is not yet known, and no new shares in DeepTech Recycling have yet been issued, following completion of the first closing of the Fundraising, the total equity holding of NetScientific in DeepTech Recycling remains at 30 per cent. The capital under advisory of EMV Capital in respect of investors introduced by it to DeepTech Recycling has increased by £1 million.
EMV Capital Investments
EMV Capital has made 29 investments. Their latest investment was in DeepTech Recycling as part of their Unattributed VC on December 01, 2023.
EMV Capital Investments Activity
Unattributed VC - II
Unattributed VC - II
Unattributed VC - VI
EMV Capital Team
2 Team Members
EMV Capital has 2 team members, including current Managing Director, Ilian Iliev.