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New Wave Ventures LLP is a privately owned investment firm based in the United Kingdom, founded in 2010 by Paul Newey and Tim Bullock. The firm focuses on investing in UK-based companies that exhibit significant growth potential. New Wave Ventures manages two investment funds: the original New Wave Ventures LLP, which is fully invested and has realized multiple successful exits, and the newly established New Wave Venture Partners LLP, launched in 2025, which is actively seeking new investment opportunities.
The firm emphasizes a people-first approach, valuing the leadership qualities of founders and providing capital along with hands-on guidance. New Wave Ventures has successfully exited several investments, indicating a strong track record in identifying and nurturing high-potential startups. The firm operates primarily in the healthcare and fintech sectors, reflecting its commitment to supporting innovative solutions in these critical areas.
New Wave Ventures invests in early-stage and startup companies that demonstrate the potential to dominate substantial markets globally. The firm focuses on pre-seed, seed, and growth equity stages, with check sizes ranging from $500,000 to $2 million. Their investment strategy is guided by the acronym MIRACLES, which emphasizes the importance of evaluating leadership quality and supporting competent business leaders in achieving their strategic goals.
Geographically, New Wave Ventures concentrates its investments in the United Kingdom, particularly in the North West region, including cities like Manchester and Liverpool. The firm does not use leverage to enhance returns and prefers to co-invest with like-minded partners, ensuring alignment in investment philosophy. New Wave Ventures seeks companies with the appetite and ability to dominate markets on a global scale, providing capital through equity or loans while allowing management teams the autonomy to execute their strategies effectively.
New Wave Ventures currently has a portfolio of five companies, each demonstrating significant potential for growth and market impact. The current portfolio includes:
New Wave Ventures has also achieved notable exits, including:
Paul Newey - Co-founder and Member of New Wave Ventures LLP. He is recognized as one of Britain's most successful entrepreneurs, having founded Ocean Finance in 1991 and overseeing its sale in 2007. Newey directs portfolio companies and plays a key role in investment decisions.
Tim Bullock - Co-founder and Advisor at New Wave Ventures LLP. Bullock has 26 years of experience in banking and finance, including 14 years as Managing Director at Lloyds Bank Group. He co-founded New Wave Ventures in 2010 and chairs multiple portfolio companies.
Clare Twemlow - Member of New Wave Ventures LLP and New Wave Venture Partners LLP. Twemlow is a PwC-qualified chartered accountant with prior CFO and board roles at healthcare startups. She joined New Wave Ventures in 2012 and evaluates investments.
Ian George - Member of New Wave Ventures LLP and New Wave Venture Partners LLP. George holds a PhD from the Roslin Institute and began his career at Unilever Research. He co-founded Enigma Diagnostics in 2004 and joined New Wave Ventures in 2013.
Gareth Shilton - Advisor to New Wave Ventures LLP and Member of New Wave Venture Partners LLP. Shilton has 24 years of experience in mortgage and consumer credit markets, having served as Director and CEO at Ocean Finance. He is the primary contact for pitches.
To pitch New Wave Ventures, founders should send an email to gareth.shilton@nwventures.co.uk. It is important to include a comprehensive pitch deck that outlines the business model, market opportunity, and team qualifications. The firm prefers clear and concise presentations that demonstrate the startup's potential for growth and market impact.
Response times may vary, but founders can expect feedback within a few weeks. New Wave Ventures values warm introductions, so leveraging connections within their network can enhance the chances of a successful pitch.
In 2025, New Wave Ventures launched its successor fund, New Wave Venture Partners LLP, which is actively seeking new investment opportunities. This new fund reflects the firm's ongoing commitment to supporting high-potential startups in the UK.
New Wave Ventures has successfully realized multiple exits from its previous investments, including notable sales such as Endomagnetics to Hologic in 2024. These exits demonstrate the firm's ability to identify and nurture companies with significant growth potential.
What are New Wave Ventures' investment criteria?
New Wave Ventures looks for early-stage and startup companies with game-changing products or strategies in substantial market sectors. They evaluate leadership quality using their internal framework, MIRACLES, which emphasizes the importance of capable and trustworthy founders.
How can I pitch to New Wave Ventures?
Founders can pitch New Wave Ventures by sending an email to gareth.shilton@nwventures.co.uk. It is advisable to include a detailed deck outlining the business model, market opportunity, and team qualifications.
What makes New Wave Ventures different from other investors?
The firm emphasizes a people-first investment philosophy, prioritizing strong leadership and the potential for market dominance over elaborate financial projections. They provide hands-on guidance while allowing management teams the autonomy to execute their strategies.
What is the geographic focus of New Wave Ventures?
New Wave Ventures primarily invests in the United Kingdom, with a particular focus on the North West region, including cities like Manchester and Liverpool.
What is the fund size and check size range?
New Wave Ventures operates with check sizes ranging from $500,000 to $2 million. They do not use leverage and invest their own capital without external LP involvement.
What is the post-investment involvement like?
New Wave Ventures provides hands-on guidance to its portfolio companies, supporting management teams in achieving their strategic goals without undue interference. They also prefer to co-invest with aligned partners to enhance growth potential.
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