Editorial Perspective
Episode 1 is a London-based pre-seed and seed fund focused on UK B2B software startups. Their thesis is simple: back exceptional founders building B2B software for large markets. PropTech B2B SaaS falls squarely within their remit. They write smaller cheques (£100K–£500K) and are known for being founder-friendly and fast-moving. Best fit for very early PropTech B2B SaaS founders—think construction project management, property analytics, estate agent tools, or facilities management software—who need a quick first institutional cheque from experienced B2B software investors. Not for consumer PropTech or deep-tech hardware plays.
Investment Profile.
Check Size
£0.1M–£1.0M
Active Fund Vintage
2024
Investment Stages
Pre-Seed, Seed
Headquarters
London, UK
Investment Strategy.
The complete funding journey. This firm focuses on stages highlighted below.
Pre-Seed
$10K–$1M
Stage Focus
Proof of concept / Prototype
Growth Elements
- →Hiring
- →Product development
- →Early validation
Seed
$500K–$3M
Stage Focus
Product-market fit
Growth Elements
- →Hiring
- →Product iteration
- →Initial traction
Series A
$5M–$15M
Stage Focus
Revenue growth & scale
Growth Elements
- →Hiring
- →Development
- →Operations
- →Branding & Marketing
Series B
$15M–$50M
Stage Focus
Growth & expansion
Growth Elements
- →Hiring
- →Market expansion
- →M&A exploration
Series C
$50M–$200M+
Stage Focus
Large-scale expansion
Growth Elements
- →International markets
- →Acquisitions
- →Scale operations
Check Size for This Fund
£0.1M–£1.0M
Typical check size across all stages. Size may vary by stage and fund vintage.
Notable Portfolio.
UK B2B software portfolio
Recent Activity.
Active UK pre-seed and seed deployment (2024-2025)
Tomas M. Krogh
Fractional Chief Commercial Officer
I specialize in taking founder-led commercial engines apart until only the parts that work are left standing. Before advising, I operated-scaling a business from zero to the FT1000 list three years running and facilitating 10 billion DKK in property transactions. I don't write polite advisory decks; I give you the exact commercial reality check you need before an investment committee does it for you.
Commercial intelligence last verified on 22 April 2026. Public deal activity sourced via Crunchbase/Dealroom.