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TC

The Conduit Impact Fund

Venture Capital

Portfolio

3

companies

Investment by month

By category

  • FoodTech£2.3M
  • PropTech£2.1M
  • Hardware£2.1M

By location

  • London£4.2M
  • Edinburgh£2.3M

Portfolio companies

CD

Commonplace Digital

A citizen engagement platform providing community data insights for the built environment.

MiAlgae

MiAlgae

MiAlgae develops biotechnology to create sustainable Omega 3 from industry coproducts.

Z

Zonova

Zonova develops embedded antimicrobial technologies to prevent infections in medical devices.


Team

HD

Hadley Diest

Investment Manager


Recent investments

Seed
£2.1M

THENA Capital led the seed round to help advance Zonova toward major OEM partnerships and international deployment.

"This funding marks a defining moment for Zonova. We founded the company with the belief that infection prevention in medical devices needed a fundamentally new approach, one that moves beyond coatings, antibiotics, and short term fixes. Our technology has the potential to redefine how medical devices are designed globally by embedding antimicrobial protection directly into the material itself. THENA Capital immediately understood both the scale of the clinical problem and the magnitude of the commercial opportunity. The THENA team brings an exceptional combination of scientific depth, strategic insight, and operational ambition that is incredibly rare in venture. We are thrilled to have them leading this round and joining us as we scale toward major OEM partnerships and international deployment."
— Georgia Fleet, CEO and Co-Founder
Series A
£2.1M

The funding round was led by Beringea with participation from Grosvenor Property UK, The Conduit Impact Fund, Concrete Ventures, Oxford Innovation Finance and Foundation Ventures.

"We’re super excited to be joining forces with these leaders in placemaking and proptech to accelerate our mission to inspire thriving places, powered by insights and collaboration. Moving beyond our sector’s aspiration to deliver social value, our work will allow users to define, plan for, target and then evidence the positive impact their buildings and places have on those who live and work in them. Just as environmental measurement frameworks are now supporting our decarbonisation journey, Commonplace’s increased product focus on social value will become a critical support to analyse and understand the ‘S’ in ESG."
— Mike Saunders
Other
£2.3M

The funding was led by The Conduit Impact Fund alongside participation from SIS Ventures, Equity Gap, Old College Capital and Scottish Enterprise.

"Our process is championing the circular economy and the investment we have secured will be transformational in helping MiAlgae scale quickly both locally and abroad."
— Douglas Martin, Managing Director