What is Episode 1’s typical cheque size?

We invest between £250k and £2m, with a target ownership stake of 10-20% for lead cheques and 5-10% for follower cheques.

How long does your investment process take?

Our process involves a short intro meeting with one of our investment team, followed by 1-3 additional meetings with the remaining members of our IC. We meet several times a week and make fast decisions, usually within a fortnight but often much sooner (as little as two days). We'll aim to carry out DD and references alongside these meetings.

Are you a lead or follower investor?

Our preference as a fund is to lead your round with a cheque of up to £2m and take a 10-20% stake in the process. If we see an exciting opportunity to co-invest and fill the remainder of a round that already has a lead, we consider follower cheques up to £1m in size.

What geographies do you invest in?

Predominantly UK, although we have small capacity to invest in non-UK companies with US TopCos.

How do I reach out?

Please use the “Submit your Deck” option on our website for cold pitch submissions.

What stage do Episode 1 invest at?

We are often (but not always) the first institutional money into your company, investing at the seed and pre-seed stages.

What sectors do you invest in?

We are a B2B software fund with a strong focus on defensible software solutions solving big problems in large markets. Within the B2B SaaS space we are a generalist fund and vertical-agnostic.

How do you help your portfolio companies?

At Episode 1 we are specialists in the seed to Series-A journey, and use every tool at our disposal to maximise your chances of securing a strong Series-A round. Our assistance covers customer introductions, investor introductions, GTM advice, hiring advice/introductions, access to our portfolio companies and founder network, as well as a direct line of communication with members of our investment team.

Is there anything you don’t invest in?

Historically we have tended to avoid B2C and hardware businesses, although there are exceptions…

How many companies do you back?

We invest in 10-12 companies per year.

Does Episode 1 follow-on in subsequent rounds?

Our preference is to take our pro-rata in rounds up to and including your Series-A. We don’t usually follow-on beyond Series-A.

If you would like to send a pitch deck, please click on the 'submit your deck' link below
Submit your deck