Thena Capital closes £45M fund to back UK medtech

This article was published on June 12, 2026 The London firm is the first all-female general partner team to win British Business Bank backing. Its five medtech bets are already moving, one into the US with the Mayo Clinic. Thena Capital has closed its first fund at £45m ($60.4m), the London venture firm announced this week, after a £27m first close in March 2025. The fund backs early-stage British medical-technology companies, and it is now fully closed. The milestone is not only the money. Thena is the first all-female general partner team to win backing from the British Business Bank’s Enterprise Capital Funds programme, the state-supported scheme that anchors the fund. Thena Capital invests in UK digital health and medical devices at the earliest stages. It plans to back about 25 companies, writing cheques of £500,000 to £1m at seed, then helping them scale into the United States. Founded in 2021, the firm is led by co-founders Tatum Getty, Pamela Walker Geddes, and Esther Reynal de St Michel Richardot, all healthcare-industry veterans. Its strategy is “gender-smart”, backing diverse teams and products built for both women and men. The portfolio is already moving. Plexāā has lau