Martingale Foundation

Name

Martingale Foundation

Legal name

Martingale Foundation

Website

https://martingale.foundation

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Charitable Postgraduate Scholarship Funding

NAICS

Grantmaking Foundations (813211), Educational Support Services (611710)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Scholarship & Fellowship Foundations and Trusts (EDADAHAC)

akta.pro secondary industries

Education Grantmaking Foundations (BPAGAKAK), Degree-Level Scholarships (Undergrad/Masters/PhD/Postdoc) (EDAIAOAE)

Keywords

• Postgraduate scholarships
• STEM education funding
• Charitable foundation grants
• Academic access programmes
• Research degree funding

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales, Infrastructure

Revenue model

1. Donations and grants from philanthropic and corporate donors: Martingale Foundation is funded entirely through donations and grants from corporate donors (XTX Markets as founding donor, Google DeepMind for AI scholarships, UKAEA for engineering, Alzheimer's Research UK for data science in healthcare) and operates as a charitable foundation. Revenue is not generated from commercial activity but from philanthropic capital deployed as scholarships to recipients.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels8 records

Core offering

Martingale Foundation provides fully-funded postgraduate scholarships (Masters and PhDs) in STEM subjects to talented individuals from low-socioeconomic backgrounds at 14 partner UK universities. The scholarship covers tuition fees, research expenses, and a Living Wage Foundation-aligned tax-free stipend, paired with a structured professional development programme and membership of a cohort community. Subject areas span Mathematical Sciences, Artificial Intelligence, Data Science in Healthcare, and Engineering.

Product overview

The Martingale Foundation is a scholarship organization, not a technology product company. Its core offering is the Martingale Postgraduate Scholarship, a comprehensive scholarship programme that provides fully-funded Masters and PhDs in STEM subjects (Mathematical Sciences, Artificial Intelligence, Data Science in Healthcare, and Engineering) for students from low-socioeconomic backgrounds. The scholarship includes financial support (tuition fees and living stipend) and professional development through the Masters Development Programme, PhD Leadership Programme, and Solve for X training programme. The organization partners with 13 UK research universities including Oxford, Cambridge, Imperial, Edinburgh, Bristol, and others.

Differentiator

Problem solved

Functional benefit

Products and services

• Martingale Postgraduate Scholarship Flagship fully-funded scholarship programme offering postgraduate Masters and PhD degrees in STEM subjects (Mathematical Sciences, AI, Data Science in Healthcare, Engineering) at 14 partner UK universities for talented individuals from low-socioeconomic backgrounds. Coverage includes tuition fees, research expenses, and a Living Wage Foundation-aligned tax-free stipend.
• Mathematical Sciences Scholarships Scholarships for postgraduate degrees in mathematical sciences at partner universities, funded by XTX Markets.
• Artificial Intelligence Scholarships Scholarships for postgraduate degrees in artificial intelligence, supported by XTX Markets and Google DeepMind AI Masters Scholarships.
• Data Science in Healthcare PhD Scholarships Scholarships for postgraduate PhD degrees in data science with a focus on healthcare research, supported by Alzheimer's Research UK.
• Engineering PhD Scholarships Scholarships for postgraduate PhD degrees in nuclear research and fusion energy, supported by UKAEA and EPSRC SATURN CDT.

Quantifiable outcome

• Over 100 scholars supported since launch in 2022, with ambition to reach 800 by 2030
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

22 partnerships are on record, tiered strong, core and minor.

• Purposeful VenturesstrongStrategic or Co-development PartnerPurposeful Ventures is a not-for-profit that partners with social entrepreneurs and philanthropists to improve education and well-being of young people. Martingale Foundation is incubated by Purposeful Ventures and operates under its charitable status. Michael Clark, CEO of Purposeful Ventures, serves on Martingale's Advisory Board.
• University of BirminghamcoreStrategic or Co-development PartnerUniversity of Birmingham is a Russell Group university and one of Martingale's 14 partner universities. It ranks 84th globally (QS World University Rankings 2024) and joint 12th in the UK (Times Higher Education 2023). Martingale Scholars can pursue postgraduate courses in Computer Science and Mathematical Sciences at Birmingham.
• University of BristolcoreStrategic or Co-development PartnerUniversity of Bristol is ranked 57th globally and 8th in the UK (QS World University Rankings 2026). The School of Mathematics is ranked 4th in the UK (Times Higher Education). Bristol's Mathematical Sciences research was ranked 98% world-leading or internationally excellent in REF21. Martingale supports MSc Mathematical Sciences and PhD in Mathematics at Bristol.
• University of CambridgecoreStrategic or Co-development PartnerUniversity of Cambridge is one of the world's oldest and leading universities. Martingale's partnership includes St John's College for Martingale Scholars cohort accommodation. Cambridge offers courses including Part III (MASt/MMath), MPhil in Mathematics, Computer Science, Machine Learning, Scientific Computing, Data Intensive Science, Human-Inspired AI, and PhDs in Applied Mathematics, Pure Mathematics, Computer Science, and Human-Inspired AI.
• University of EdinburghcoreStrategic or Co-development PartnerUniversity of Edinburgh is ranked 34th globally (QS World University Rankings 2026). The School of Mathematics and School of Informatics offer Martingale-supported courses including MSc Computational Applied Mathematics, AI MSc, and PhDs in Algebra/Geometry/Quantum Fields, Analysis, Applied and Computational Mathematics, Mathematical Physics, Probability, AI Foundations, and Machine Learning.
• University of GlasgowcoreStrategic or Co-development PartnerUniversity of Glasgow is one of the UK's most prestigious universities (founded 1451), with eight Nobel Laureates. The School of Mathematics & Statistics ranked 1st in Scotland and 5th in the UK for Mathematical Sciences (Times Higher Education REF21). Martingale supports MSc Advanced Mathematics, MSc Advanced Applied Mathematics, and PhDs at Glasgow.
• Imperial College LondoncoreStrategic or Co-development PartnerImperial College London is ranked 2nd globally (QS World University Rankings 2026). Its Department of Mathematics is 3rd in the UK (REF2021) and its postgraduate taught maths courses are ranked 10th in the world (QS World University Rankings 2026). Imperial offers MSc Applied Mathematics, MSc Pure Mathematics, and PhDs in Mathematics (Applied/ Mathematical Physics and Pure), plus the MFC CDT on climate change mathematics.
• King's College LondoncoreStrategic or Co-development PartnerKing's College London is ranked 31st globally and 5th in the UK (QS World University Rankings 2026). It is dedicated to driving positive societal change and educational equality. Martingale partners with King's to offer postgraduate STEM scholarships.
• University of ManchestercoreStrategic or Co-development PartnerThe University of Manchester has 25 Nobel Prize winners among current and former staff and students. The Department of Mathematics has a long-standing international reputation. Martingale supports MSc Applied Mathematics, MSc Pure Mathematics, MSc Pure Mathematics and Mathematical Logic, and PhDs in Applied Mathematics, Mathematical Logic, Numerical Analysis, Probability, and Pure Mathematics.
• University of OxfordcoreStrategic or Co-development PartnerThe University of Oxford is the oldest university in the English-speaking world with an outstanding global reputation. The Mathematical Institute and Departments of Computer Science and Statistics offer MSc programmes (Mathematical Sciences, Mathematical and Theoretical Physics, Advanced Computer Science, Mathematics and Foundations of Computer Science) and DPhils (Mathematics, Autonomous Intelligent Machines and Systems, Computer Science) supported by Martingale.
• Queen Mary University of LondoncoreStrategic or Co-development PartnerQueen Mary University of London is a Russell Group member, ranked 7th in the UK for research quality (REF2021) with 92% of research internationally excellent or world-leading. The School of Electronic Engineering and Computer Science is a Martingale partner for postgraduate STEM scholarships.
• University College LondoncoreStrategic or Co-development PartnerUCL is London's leading multidisciplinary university, named University of the Year 2024 (Times and Sunday Times). Mathematical Sciences at UCL is ranked 8th in the UK (REF research power). Martingale partners with UCL's Department of Mathematics and Department of Computer Science for courses including MSc Mathematical Modelling, MSc Mathematics, MSc Machine Learning, and multiple AI/data PhDs.
• University of WarwickcoreStrategic or Co-development PartnerUniversity of Warwick is one of the UK's leading research universities, newly added as a Martingale partner in 2026. Martingale supports postgraduate STEM scholarships at Warwick.
• University of YorkcoreStrategic or Co-development PartnerThe University of York is a leading UK research university, newly added as a Martingale partner in 2026. Paul Wakeling, Professor of Education at York, serves on Martingale's Advisory Board.
• Isaac Newton Institute for Mathematical SciencesstrongStrategic or Co-development PartnerThe Isaac Newton Institute (INI) for Mathematical Sciences is a partner in the Solve for X programme. Solve for X applies an innovative approach bridging study groups and doctoral training centres. INI's extensive network of industry partners is leveraged for the Solve for X programme.
• Newton Gateway to MathematicsstrongStrategic or Co-development PartnerThe Newton Gateway to Mathematics is a partner in the Solve for X programme, delivering training and networking that bridges academia and industry for Martingale Scholars.
• International Centre for Mathematical SciencesstrongStrategic or Co-development PartnerThe International Centre for Mathematical Sciences (ICMS) is a partner in the Solve for X programme, contributing to the delivery of the training camp that connects Martingale Scholars with industry challenges.
• St John's College, CambridgestrongStrategic or Co-development PartnerSt John's College, Cambridge hosts the Solve for X programme. Students admitted via the Martingale Scholars Programme have the option to be admitted as members of St John's College and join a Martingale Scholars Cohort. St John's provides the venue and collegiate community for the Solve for X residential event.
• EPSRC Centre for Doctoral Training in SATURN (Skills And Training Underpinning a Renaissance in Nuclear)strongStrategic or Co-development PartnerThe EPSRC SATURN CDT at the University of Manchester partners with Martingale to support Engineering PhD Scholarships focused on fusion energy and nuclear research.
• Axiom MathsminorGTM or Marketing PartnerAxiom Maths helps every child with the heart and head for maths realise their potential by partnering with schools to support students from years 7-11 through maths circles and customised programmes, alongside funding maths champions in schools. Martingale Scholars participate as mentors and role models through this partnership as part of the Martingale Development Programme's community engagement activities.
• In2scienceUKminorGTM or Marketing PartnerIn2scienceUK is a social mobility charity that mobilises the STEM community to unlock young people's potential and empower the future generation of STEM professionals. Martingale Scholars engage as mentors, tutors, and research hosts through this partnership, contributing to programmes supporting young people from less-advantaged backgrounds.
• The Brilliant ClubminorGTM or Marketing PartnerThe Brilliant Club works across the UK to support less-advantaged students to access competitive universities, mobilising the PhD community by placing researchers in schools and colleges. Martingale Scholars take part as mentors and tutors through this partnership, sharing their experiences and contributing to programmes supporting students following in their footsteps.

Scale indicators4 records

Recent moves10 records

Direct peers

• In2scienceUK: In2scienceUK is a UK social-mobility charity that places students from less-advantaged backgrounds into STEM research experiences, and is an active GTM/community-engagement partner of Martingale. Overlapping mission and beneficiary profile, though focused more on undergraduate-level placements than fully-funded postgraduate scholarships.
• Chevening Scholarship (UK FCDO): Chevening is the UK government's flagship scholarship programme, funding fully-funded one-year Masters degrees at UK universities for emerging global leaders. Directly comparable as a fully-funded UK postgraduate scholarship programme with structured cohort and alumni engagement, though international-focused rather than UK-domestic.
• Gates Cambridge Trust: Gates Cambridge provides fully-funded postgraduate scholarships at the University of Cambridge, including STEM fields. Highly comparable scholarship model (fully-funded Masters/PhDs at an elite UK university), though its beneficiary pool is international rather than UK-domestic like Martingale's.
• Rhodes Trust: The Rhodes Trust funds fully-funded postgraduate scholarships at the University of Oxford, including STEM fields. Directly comparable scholarship model at an elite UK university; differs from Martingale primarily in serving international students rather than UK Home Fee candidates.
• The Sutton Trust: The Sutton Trust is a UK charity focused on widening access to higher education, including postgraduate pathways for low-socioeconomic students. It is directly comparable to Martingale on mission (social mobility through postgraduate education) and overlaps on widening-participation research and policy advocacy.
• The Brilliant Club: The Brilliant Club is a UK widening-participation charity that places PhD researchers into schools to support less-advantaged students' university access. Directly comparable widening-participation mission; co-founder Simon Coyle sits on Martingale's Advisory Board and the charities partner on scholar mentoring activities.

Broad incumbents

• Royal Academy of Engineering: The Royal Academy of Engineering runs engineering research and widening-participation programmes in the UK. Overlaps with Martingale's Engineering PhD scholarships (e.g., the UKAEA fusion energy track) and Martingale Ambassador Andrew Clark is the Academy's Executive Director of Product.
• Wellcome Trust: Wellcome is one of the UK's largest charitable funders of biomedical PhD and postgraduate research. Comparable as a UK-based philanthropic funder of postgraduate STEM research, but at much larger scale, broader scope (biomedical focus) and offering grants rather than operating a managed scholarship programme.
• UK Research and Innovation (UKRI): UKRI is the UK's main public research and innovation funding body, administering the research councils (incl. EPSRC, ESRC) that fund the majority of UK postgraduate doctoral training. Comparable as the dominant UK funder of postgraduate STEM research via Doctoral Training Partnerships; broader public-sector incumbent rather than a focused charitable foundation.
• Leverhulme Trust: The Leverhulme Trust is a major UK philanthropic funder awarding research and studentship grants across disciplines. Comparable as an established UK foundation funding postgraduate research, but operating primarily through competitive research grants rather than a managed cohort-based scholarship programme.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/WeAreMartingale
• LinkedInlinkedin.com/company/martingalefoundation
• Instagraminstagram.com/wearemartingale

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Martingale Foundation