STATE-BACKED investor
Episode 1, a
Launched in 2013, Episode 1 has backed over 69 firms to date, including car marketplace
The firm said it was now looking to make investments between £250,000 and £3m in pre-seed and seed stage startups in the coming months with a focus on areas like AI, software infrastructure and health tech.
General partner of Episode 1 Hector Mason, told City A.M. the firm was looking to take a "picks and shovels" approach to backing the technology rather than investing in consumer products with "thin use cases".
(c) 2024 City A.M., source