Test Case Study

Creating a Winner: Sapphire and EMV’s Journey together

Written by Boyd Carson | Aug 20, 2026, 11:02:13 AM

Fund Type

EIS Venture Capital Funds

Challenge

Supporting EMV Capital’s next stage of growth through the launch of a compliant EIS fund, combining EMV’s expertise as a specialist Deep Tech, Life Sciences and Sustainability investor with Sapphire’s deep regulatory and industry experience.

Results

From its origins as a niche Deep Tech and Life Sciences VC, EMV Capital has grown into a listed, diversified early-stage investment group, managing over £100m of assets on behalf of a range of institutional and private investors. Its portfolio has grown to 70 companies, with a reputation as a leading UK Deep Tech investor confirmed through the launch of its Evergreen EIS Fund and acquisition of Martlet Capital in 2024. Today, EMV seeks to provide its investors with a range of potentially high growth, EIS-qualifying co-investment opportunities from across the early-stage risk spectrum. The support and advice provided by Sapphire during this formative period was a key factor in EMV’s growth.

Key Products

EMVC Evergreen EIS Fund