

Fusion Power to Reshape the Global Energy System
CFS is building SPARC, its fusion demonstration machine, expected to achieve net energy gain (Q > 1) by 2027. In parallel, CFS is moving forward with plans to build the world’s first grid-scale fusion power plant, called ARC, in Chesterfield County, Virginia. This effort to put power on the grid in the early 2030s is bolstered by strategic partnerships with Dominion Energy and Google — an investor in CFS that also agreed to buy half the power produced at the plant, representing the largest fusion power purchase agreement in history.
Fusion offers the potential for abundant, zero-carbon, dispatchable power without many of the geographic, intermittency, or waste allenges associated with other clean energy sources. Major recent breakthroughs in magnets, computational power, AI and machine learning,additive manufacturing, and robotics mark an inflection point. CFS has assembled a world-class team which is executing on a highly credible plan to make commercial fusion power a reality.



Car Subscription Model to Decarbonise Mobility
FINN is an independent platform for car subscriptions from over 30 brands, offering 40% electric vehicles as of 2023. The company's mission is to generate a positive impact on people, organisations and the planet through frictionless mobility.
The transition to electric vehicles is one of the major societal shifts taking place globally and is crucial in the move towards a more sustainable economy. With road transport accounting for around 17% of global emissions, electric vehicles are vital to decarbonize society.
FINN's car subscription model contributes to the adoption of electric mobility by offering customers the opportunity to use electric cars flexibly in their everyday lives – without risks such as technological obsolescence or the development of residual values associated with ownership.



Reimbursed Digital Healthcare for Chronic Conditions
Oviva is Europe’s leading provider of digital, reimbursed care for weight-related and chronic conditions. Its AI-enabled platform combines a medical-device-certified app with multidisciplinary clinical teams to deliver personalised, evidence-based therapy at scale.
Oviva works closely with public health systems, insurers and clinicians. Its programmes are reimbursed across all core markets: as a certified Digital Health Application (DiGA) in Germany, in partnership with the NHS in the UK, and as an integrated part of the Swiss healthcare system.
Oviva has supported more than one million people in improving their health through evidence-based lifestyle and behavioural interventions – a European milestone for digital healthcare. More than 90 peer-reviewed abstracts and publications document the clinical evidence underpinning Oviva’s programmes and demonstrate sustained outcomes across large patient populations.



Distributed Quantum Computing for Sustainability Breakthroughs
Photonic is a quantum computing company focused on accelerating the path to fault‑tolerant quantum systems. Their Entanglement First™Architecture uniquely combines silicon‑based qubits and native photonic connectivity, enabling seamless scaling across existing global telecom infrastructure.
Quantum Computing can unlock breakthroughs in clean energy, advanced materials, and human health that are beyond the reach of classical systems. Photonic’s distributed architecture provides a credible path to utility-scale systems – enabling innovations in areas such as battery materials, low-carbon catalysts, and drug design that can meaningfully accelerate climate solutions and improve global well-being.

Error Correction to Accelerate Breakthroughs in Quantum Computing
Riverlane is building ‘Deltaflow’, the Quantum Error Correction (QEC) Stack, that handles error correction in all quantum computers using every type of qubit. At Deltaflow’s core is the world’s most powerful quantum error decoder. Deltaflow is powered by a new class of patented QEC semiconductors designed and built by Riverlane.
Addressing the error problem is critical to unlocking quantum computing’s transformational promise and an $800+ billion market. Currently, the best quantum computers can perform a few hundred operations before failure. Riverlane’s Deltaflow will help this increase to millions of error-free operations, and eventually trillions. Achieving this scale will unlock transformative applications in industries such as chemicals, pharmaceuticals, material science and transportation.



Datacenters that Make Sense
Submer provides best-in-class technology that enables data centres around the world to leverage the power of immersion cooling for HPC, hyperscale, data centres, Edge, AI, DL and blockchain applications.
Air-cooled data centres today consume 10% of global electricity output and will emit 2.75% of GHG emissions by 2025 (surpassing the airline sector) and potentially also become a large-scale water consumer. Liquid immersion cooling is the next generation of more sustainable data centre cooling technologies.
Submer’s innovative, patented technology uses modular tanks filled with a biodegradable electrically non-conductive liquid to cool data centre server units. The technology uses 50% less energy, 99% less water and 85% less real estate than traditional cooling, and future-proofs customers against evolving emissions regulations.



Electrolysis at its Best
Sunfire is a global leader in the development and production of industrial electrolyzers based on alkaline and solid oxide (SOEC) technologies. With its electrolysis solutions, Sunfire is addressing a key challenge of today’s energy system: Providing renewable hydrogen and fuels from renewable electricity, water, and CO2 as climate-neutral substitutes for fossil energy. Sunfire’s innovative and proven electrolysis technologies enable the transformation of carbon-intensive industries that are currently dependent on fossil-based oil, gas, or coal.



Plant-based protein substitutes for a variety of meats
THIS™ is a London-based company making plant-based protein substitutes for a variety of meats, mostly from soy and pea protein. Since 2019, THIS™ has launched several market-leading products, including THIS™ Isn’t Pork Sausages, This Isn't Beef Plant-Based Burgers, THIS™ Isn’t Lamb Kebabs, and THIS™ Isn’t Chicken Shawarma.
THIS™ is uniquely placed to capitalise on growing consumer preferences for sustainable and healthy food alternatives, given its market-leading brand, superior tasting products and established relationships with the top 6 UK supermarkets.
THIS™ is at the forefront of the food revolution given its best-in-class R&D team and partnerships with UK research institutes, allowing it to offer nutritionally advanced and diversified products.
THIS helps the transition to alternative proteins, a crucial lever in the move towards a more sustainable economy. Animal production has been the main driver of landscape conversion for agriculture, representing 65%of historic ecosystem conversion (past 50 years globally).



Photon-based Quantum Computing for Sustainability Breakthroughs
Xanadu is a quantum computing company focused on developing a fault-tolerant quantum computer. Its continuous-variable photonic architecture – a distinctive approach that encodes quantum information in light rather than discrete particles, is built on integrated silicon photonics and compatible with existing global telecom infrastructure.
Its Aurora system has all the subsystems needed for universal quantum computing, including real-time error detection and correction, and its PennyLane software development kit is used by c.50% of quantum computing developers for pilot projects. Together, Aurora and Penny Lane position Xanadu as one of the few companies with both a credible hardware roadmap and an established developer ecosystem.
Quantum computing has the potential to unlock breakthroughs in drug discovery, battery materials, low-carbon industrial catalysts, and fluid dynamics simulation – problems that remain beyond the reach of classical systems. Xanadu's photonic architecture provides a practical path to the fault-tolerant, utility-scale systems needed to realise these applications.



Investing in Technology to Build a Better Economy
Eka has a unique positioning as Seed investor in the UK, investing at the intersection of consumer tech and impact.
Their leadership team has a successful track record of early stage investing and long-term partnership and the founding team is supported by an experienced investor base and specialist service providers. Eka has been successful at deploying capital into high potential consumer tech companies as well as at helping portfolio companies scale and raise following rounds.
Portfolio companies include; ‘Hived’, an E-commerce parcel delivery service, leveraging software, data science and model innovation to build a zero-emission, low cost, high-quality service, and ‘Sourceful’, a supply chain platform enabling consumer brands to access and manage sustainable and ethically sourced packaging, at scale.
The fund invests between £0.7m and £2m in rounds of up to £5m and looks to lead a company’s first institutional round of investment. This leaves the opportunity for PFP to come in at the Series B round when companies enter their growth phase.



Nanogence is a material innovation company providing smart catalysts for the construction and building industry.
The production of cement accounts for 8% of global carbon emissions. With no direct alternative material and the demand for concrete, and subsequently cement, expected to grow by 25% by 2050, urgent solutions are needed to lower its carbon footprint.
Nanogence’s proprietary technology offers a novel and easy to implement solution, meeting stricter emission regulations, as well as delivering significant operational cost savings for the construction and the building industry. The use of Nanogence's proprietary smart catalyst technology results in carbon emissions savings of up to 40% without changing the current manufacturing process.
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Early-stage, Purpose-driven Entrepreneurs Reimagining Trillion-dollar Industries
Obvious Ventures has established itself as a distinctive player in the venture landscape, having successfully raised five funds over twelve years. Its investment strategy is organized around three core areas:
- Planetary Health: The firm backs companies building the green economy across clean energy, electric mobility,and carbon reduction. By investing in entrepreneurs tackling climate change and environmental sustainability, Obvious supports the transition to a cleaner, more sustainable global economy.
- Human Health: Obvious invests in companies improving human health and longevity across healthcare, biopharma, and consumer wellness. The firm supports innovations that enhance quality of life, extend lifespans, and make healthcare more accessible and effective.
- Economic Health: The firm backs companies helping individuals and small businesses achieve financial wealth and prosperity. By investing in solutions that democratize access to financial tools and services, Obvious supports economic empowerment and opportunity.
With check sizes ranging from $5 million to $12 million for Seed and Series A startups, Obvious Ventures maintains a focused approach, making approximately 10 investments annually.



Quantum Technologies that Unlock Transformational Applications
Quantonation is the first venture capital fund in the world dedicated to quantum technologies and deep physics,with a focus on Seed-stage opportunities across Europe, North America, and Asia.
The team brings a strong combination of scientific and entrepreneurial expertise, with a track record of backing category-defining quantum companies from inception. Quantonation’s approach combines rigorous technical due diligence with hands-on support for early-stage teams, and the fund is backed by a global network of scientific advisors,corporate partners, and institutional investors.
Quantonation’s portfolio spans across hardware, middleware, software and enabling technologies globally, all centred around the fund’s thesis that foundational advances in quantum science will unlock transformational applications across computing, chemistry, and materials.
Quantonation typically invests €0.5m to €2m in early-stage rounds, often as lead investor, and follows-on until Series B. This allows PFP to build relationships early and consider follow-on investment as these companies mature into their growth stages.
