About NIVL
NIVL is a venture capital firm founded in 2014. It is primarily based out of London, United Kingdom. As of Apr 2021, NIVL has invested in 30 companies. It primarily invests in Seed round in United Kingdom based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and EdTech. Most recently it participated in the $***** Series A round of Cyance Overall, NIVL portfolio has seen 1 IPO and 2 acquisitions, namely Pobble, Boclips and Kafoodle. A lot of funds co-invest with NIVL, with names like Blackfinch Ventures sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Soonicorns
NIVL's List of Top Investments
NIVL has a portfolio of 30 companies. Their most notable investments are in OnePulse and Kafoodle.Their portfolio spans across United Kingdom and United States. They have invested in Enterprise Applications, High Tech, EdTech and 16 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by NIVL:
1. Huma
Developer of regulated software platforms for digital health care workflows. These systems unify clinical, operational, and research data to facilitate patient monitoring, triage, and clinical documentation. The technology provides tools for building applications that support remote patient management, emergency department assessments, and population health screening. By integrating disparate digital health systems, the infrastructure enables the automation of clinical tasks and the structured collection of medical information. The platform supports the deployment of tools for managing chronic conditions and conducting research studies through digital interfaces.
Key facts about Huma
- Founded Year: 2011
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $355M
- Employee Count: 288 as on Aug 31, 2026
- Investors: Nomura, HV Capital and 100 Others
- Latest Funding Round: Series D, Apr 25, 2025, $*****
- Highlight: Editors' Pick
Provider of AI-based platform for surgical simulation using VR and haptics. It claims that the proprietary haptics system allows sensing resistance, texture, substance, and pressure, enabling professionals to practice and refine their surgical skills. Its platform syncs with a stylus connected to a standard-issue mechanical arm. Its stylus features two buttons, one to inject the virtual drug and the other to withdraw the needle. It knows the ideal injection pattern for the drug and gives the surgeon a score based on how accurately they have administered it. It claims that the simulations are hardware agnostic and thereby compatible with multiple headsets such as HTC Vive, Oculus Rift, and Microsoft Hololens.
Key facts about Fundamental Surgery
- Founded Year: 2012
- Location: Boston (United States)
- Annual Revenue: £1M - £10M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $39.6M
- Employee Count: 77 as on Dec 31, 2024
- Investors: EQT, Nexus Venture Partners and 13 Others
- Latest Funding Round: Series B, Oct 23, 2024, $*****
- Highlight: Editors' Pick
3. Pi-Top
Pi-top provides DIY Raspberry Pi powered laptop building kit. Kit contains a screen, base top, base bottom, Hub and a microcomputer. Users can assemble all the products to form a laptop and learn coding and 3d print with the inbuilt Raspberry Pi game. Also provides analytics to teachers. Works on the product-based pricing model.
Key facts about Pi-Top
- Founded Year: 2014
- Location: Godalming (United Kingdom)
- Stage: Series C
- Total Funding till date: $40.7M
- Employee Count: 22 as on Aug 31, 2026
- Investors: Salica Investments, Arete Capital Partners and 9 Others
- Latest Funding Round: Series C, Jun 01, 2021, $*****
- Highlight: Editors' Pick
4. Freemarket
Provider of multi-currency accounts and foreign exchange for regulated industries. The company delivers payment and currency solutions for businesses operating in high-stakes sectors. It offers a platform equipped with tools to manage funds across markets. The platform provides payment capabilities supported through infrastructure and risk controls.
Key facts about Freemarket
- Founded Year: 2011
- Location: London (United Kingdom)
- Annual Revenue: £10M - £50M as on Dec 31, 2025
- Stage: Seed
- Total Funding till date: $4.01M
- Employee Count: 176 as on Jul 31, 2026
- Investors: Volution, VentureFounders and 41 Others
- Latest Funding Round: Seed, May 23, 2023, $*****
- Highlight: Editors' Pick
5. HubBox
HubBox is an alternate delivery solution for online bought items. It has collect points located at local dry cleaners, convenience stores, and gyms. Customers shopping at any online retailer can get their purchases delivered to their local HubBox Collect Point and then collect at their convenience within 14 days. Also, people can sign up on the platform to give up their space to act as a 'Collect Point'.
Key facts about HubBox
- Founded Year: 2015
- Location: London (United Kingdom)
- Stage: Series A
- Total Funding till date: $9.46M
- Employee Count: 67 as on Sep 30, 2026
- Investors: Cambridge Angels, NIVL and 8 Others
- Latest Funding Round: Series A, Nov 24, 2025, $*****
- Highlight: Editors' Pick
NIVL's Year-on-Year Investment Trends
Its most recent first time investment was in Cyance.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 2 | 0 | 2 |
2020 | 2 | 0 | 2 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
NIVL's Investments by Stage
NIVL has made 2 investments in Seed stage with an average round size of $2.11M, 2 investments in Series A stage with an average round size of $2.55M and 1 investment in Series B stage.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Series A | 2 |
Series B | 1 |
Note: We have considered here, only first round of investments
NIVL's Investments by Sector
NIVL has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, EdTech, Enterprise Infrastructure and Food and Agriculture Tech. Notably, it has invested in 25 Tech companies, 16 Enterprise (B2B) companies, 15 Consumer (B2C) companies and at least 15 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
Consumer | 1 |
EdTech | 1 |
Enterprise Infrastructure | 1 |
Food and Agriculture Tech | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
NIVL's Investments by Geography
NIVL has made most investments in United Kingdom (5).NIVL's recent investments
NIVL has not made any investment in 2026 so far.Here are the most recent investments by NIVL:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 01, 2021 | United Kingdom | Series A | 9362 | ||
Mar 30, 2021 | United Kingdom | Series A | 4972 | ||
Jun 29, 2020 | United Kingdom | Series B | 1961 | - | |
Mar 10, 2020 | United Kingdom | Seed | 9769 | [+2] | |
Jan 16, 2018 | United Kingdom | Seed | 3620 | [+1] |
IPOs and Publicly Listed companies in NIVL's Portfolio
1 of NIVL's portfolio company became public - Pobble.Here are NIVL's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | - | - | 5956 |
Acquired companies in NIVL's Portfolio
2 companies from NIVL's portfolio have been acquired. The most recent acquisition was Kafoodle in Apr 2023 by 365 Retail Markets for $*****.Here are NIVL's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 20, 2023 | Mar 10, 2020 | Seed | 5915 | |
Jun 09, 2022 | - | - | 4193 |
Co-investors of NIVL
Over the past 8 years, 22 investors have co-invested in NIVL's portfolio companies. This includes funds and angels.
- Invested before NIVL: London Co-Investment Fund, Entrepreneurs First and 9 others have invested in rounds before NIVL. There are 2 companies where London Co-Investment Fund has invested before NIVL and 1 company where Entrepreneurs First has invested before NIVL.
- Top Co-investors of NIVL: 6 investors entered a company along with NIVL. These include investors like Blackfinch Ventures (2 companies).
- Invested after NIVL: A total of 5 investors have invested in NIVL's portfolio after their investments. Top Investors include Arete Capital Partners (1 company), Tactus Group (1 company) and Force Over Mass (1 company).
Recent News related to NIVL
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Teamed Raises £2.5M in Seed FundingFinSMEs•Dec 07, 2022•Teamed, Blackfinch, Nexus Venture Partners, 1818 Venture Capital and 2 others
