THENA Capital Launches with £27m Initial Fund Close
Funding | Mar 21, 2025 | Business Cloud
THENA Capital, an all-female-led investment firm, has launched its inaugural fund – Fund I, successfully securing an initial £27m out of the £50m total target. Based in London, THENA Capital is focusing its efforts on the UK early-stage MedTech sector, investing in high-potential founders working to innovate across fields such as oncology, chronic conditions, cardiovascular diseases, neurology, mental health, care service delivery, and women's health. The investment firm is distinguished by its commitment to closing the gender healthcare gap and is supported by the British Business Bank through its ECF programme, emphasizing their strategic commitment to support female entrepreneurship and innovation in digital healthcare solutions and fast-tracking medical devices. Fund I is further bolstered by contributions from notable limited partners within private equity and pharma sectors. The founding general partners, Pamela Walker Geddes, Esther Reynal de St Michel Richardot, and Tatum Getty, leverage over two decades of expertise in Pharma and MedTech to guide the firm's strategy and contribute to transforming patient experiences at a global scale.
Sectors
- Medical Technology (MedTech)
- Private Equity and Venture Capital
Geography
- United Kingdom – THENA Capital operates from London and invests across the UK, specifically targeting the early-stage MedTech sector within the country.
Industry
- Medical Technology (MedTech) – This sector involves companies that provide cutting-edge technological solutions for the medical field. In this article, THENA Capital focuses on investing in MedTech startups across various healthcare areas.
- Private Equity and Venture Capital – THENA Capital is a private equity firm launching a new fund to invest in MedTech startups, aligning it with the venture capital industry.
Financials
- £27m – The amount raised in the first close of THENA Capital's Fund I.
- £50m – The total fund target for THENA Capital's Fund I.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| THENA Capital | Investment Firm | Company | An all-female-led investment firm based in London, focused on the MedTech sector. |
| British Business Bank | Investor | Company | Provides cornerstone investment through its ECF programme, supporting THENA Capital's fund. |
| Pamela Walker Geddes | Founding General Partner | Person | One of the founding general partners at THENA Capital. |
| Esther Reynal de St Michel Richardot | Founding General Partner | Person | One of the founding general partners at THENA Capital. |
| Tatum Getty | Founding General Partner | Person | One of the founding general partners at THENA Capital. |
| Christine Hockley | Managing Director and Co-head of Funds | Person | Managing Director and Co-head of Funds at the British Business Bank, supporting THENA Capital. |