One company named. The rest, when founders are ready.
We are an early-stage firm, which means we are usually in before there is anything public to point at. A company appears here once the founder has announced the round themselves.
We would rather be accurate than impressive.
A lot of firms publish a wall of logos. Some of those logos are a small cheque in a large round, and a few are companies that no longer exist. It looks like evidence, and mostly it is decoration.
Our view is simple. A company belongs on this page when the founder has announced the round themselves and is happy for us to say we are involved. Until then, the honest answer is that the list is private, and we will say so rather than pad it.
The things that do not require anyone's permission.
- Stage
- Pre-seed and seed. We are often the first institutional money, and sometimes the first money at all.
- Sectors
- SaaS, applied AI, and software built for industries that still run on spreadsheets and phone calls.
- Geography
- India first, and occasionally further out when a team is solving a problem we understand well. Porcelio is in London.
- Involvement
- Small number of companies at a time, on purpose. The model only works if we can actually show up.
- Follow-on
- We keep room for the next round rather than treating the first cheque as the whole relationship.
If you want references, ask us directly.
Founders doing their own diligence on us are asking the right question. Write to us and we will connect you with people we have worked with, including at least one where things did not go to plan. That conversation tells you more than any logo grid.
Want to work with us?
We read everything that arrives, including the notes without an introduction attached.