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§ Venture Capital · Europe
Growth debt fund manager offering growth debt financing for technology, life sciences, and climate tech SMEs in Europe.
Claret Capital Partners is an independent growth debt fund manager based in London, United Kingdom, that provides tailored capital to technology, life sciences, and climate tech companies across Europe. The firm issues flexible loans ranging from €2 million to €100 million to support high-growth enterprises through product development and strategic acquisitions without diluting equity. Operating with a 20-person team that includes principals Antony Baker and Brian Geraghty, the organization manages four closed funds and two active funds, having invested over €1.2 billion into more than 190 businesses. Its portfolio features notable investments such as Novacyt, a diagnostics company that experienced significant revenue growth following the development of approved COVID-19 testing kits. Originally operating since 2002, the firm became fully independent following a management buyout in 2020 led by managing partners David Bateman and Johan Kampe.
Key people at Claret Capital Partners.
Claret Capital Partners is a leading independent venture debt fund manager specializing in providing growth capital to high-growth European technology companies with proven management teams. Their mission is to offer less dilutive capital solutions that support scaling businesses without significant equity dilution, enabling companies to accelerate growth while maintaining control. The firm primarily invests in sectors such as technology, life sciences, and climate tech, targeting companies with revenues exceeding $5 million and focusing on scaling, growth, and pre-IPO stages. Claret Capital Partners plays a significant role in the European startup ecosystem by funding over 195 SMEs and deploying more than €1.2 billion since its inception, thereby fueling innovation and expansion across multiple countries including the UK, Germany, France, and others[1][2][3][4].
Founded in 2013 and headquartered in London, Claret Capital Partners emerged as a spinout from Harbert, maintaining a clear mission to provide low-dilution growth capital to European technology companies. The firm was established by a team of experienced investment professionals including managing partners such as David Bateman and principals like Brian Geraghty. Over the years, Claret has evolved its focus to include not only technology but also life sciences and climate tech sectors, reflecting market trends and emerging opportunities. The firm has grown its assets under management to over $1 billion and has completed multiple funds, including the recent Fund IV with over €350 million in commitments, demonstrating strong investor confidence and a robust investment pipeline[2][3][5].
Claret Capital Partners rides the growing trend of venture debt as an alternative to equity financing, which is increasingly attractive for startups seeking capital without heavy dilution. The timing is favorable due to the maturation of European tech ecosystems, rising capital demands for scaling companies, and the emergence of sectors like climate tech and life sciences. Market forces such as increased innovation, regulatory support for green technologies, and digital transformation across industries create a fertile environment for Claret’s investment strategy. By providing growth debt, Claret enables companies to accelerate development and market expansion, influencing the broader ecosystem by bridging the funding gap between early-stage venture capital and traditional bank lending[1][3][4].
Looking ahead, Claret Capital Partners is positioned to continue expanding its influence in the European growth debt market, leveraging its recent Fund IV close and strong portfolio momentum. Trends such as increased demand for sustainable technologies, AI-driven life sciences, and digital transformation will shape its investment focus. The firm’s ability to provide flexible, less dilutive capital solutions will remain a key differentiator as startups seek to balance growth with ownership retention. Claret’s growing network and sector expertise suggest it will play an increasingly pivotal role in scaling Europe’s innovative companies, potentially expanding into new geographies and sectors aligned with global tech and sustainability trends[2][3][4].
Key people at Claret Capital Partners.
Claret Capital Partners has 7 tracked investments across 7 companies. The latest tracked deal is $19.3M Debt / Other Equity in Mindler in August 2025.