Hypha
Hypha is a London-based private equity firm founded in 2024 that invests £3m-£15m in founder-owned UK and Ireland businesses with under £5m EBITDA across technology, healthcare, and advanced manufacturing sectors.
- Company typePrivate
- Founded2024
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Hypha does
Hypha is a London-based private equity firm founded in 2024 that invests in founder-owned businesses across the UK and Ireland lower mid-market. The firm, operating as Hypha Partners LLP, is an appointed representative of Langham Hall Fund Management LLP (FCA-regulated). Hypha targets profitable companies with less than £5m EBITDA, deploying initial investments of up to £20m (typical tickets £3m-£15m) for minority or majority equity positions, and aims to make 2-3 investments per year. The firm concentrates on three sectors: technology (vertical SaaS, data analytics, cybersecurity, AI, fintech), healthcare and life sciences, and advanced manufacturing.
Hypha's maiden fund closed at approximately £120m in December 2024, exceeding its £110m hard-cap just five months after a £73m first close in October 2024. The fund's LP base comprises blue chip institutions, endowments, and large family offices from the US, Middle East, and UK. Two confirmed portfolio investments have been announced to date: a majority stake in Ashley Medical Communications (June 2025), a medical education and communications agency serving pharma, biotech, and medical devices, and the acquisition of Pass Tech (February 2026), an EdTech company offering GCSEs, Functional Skills, and equivalency qualifications. The Pass deal was partly financed by a £5m loan from OakNorth Bank.
Hypha was founded by three Foresight Group alumni — Matt Pomroy, Matthew Evans-Young, and Chris Wardle — whose combined 40+ years of PE experience includes prior exits at Codeplay Software (to Intel, 2022), Kingsbridge Healthcare (to Exponent), ONFAB (to Savillex, 2023), and others. The firm expanded its team in late 2025 with four additions covering investment execution and finance. Revenue is generated through management fees on AUM, carried interest on realizations, and investment returns; no realizations have been confirmed to date.
Hypha firmographics
Firmographics- Name
- Hypha
- Legal name
- Hypha Partners LLP
- Website
- https://hypha.pe
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Hypha is a London-based private equity firm founded in 2024 that invests £3m-£15m in founder-owned UK and Ireland businesses with under £5m EBITDA across technology, healthcare, and advanced manufacturing sectors.
- Ownership category
- akta.pro rank
Hypha industry classification
Industry- Product category
- Private Equity Investment
- NAICS
- Finance and Insurance (52)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Lower Mid-Market Buyout (FSANABAC)
Keywords
Where Hypha is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Hypha business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Private Equity Returns: Hypha generates returns through investment exits, management fees, and carried interest from their £120m maiden fund focused on technology, healthcare, and advanced manufacturing sectors.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Hypha product offering
Product offeringCore offering
Hypha provides private equity investment services to founder-owned businesses in the UK and Ireland lower mid-market, deploying £3m-£15m (up to £20m) per transaction through majority or minority equity positions. The firm structures buyouts, growth capital, and equity release transactions across three focused sectors: technology, healthcare, and advanced manufacturing. Investments target profitable companies with EBITDA under £5m and capacity for organic growth.
Product overview
Hypha is a private equity firm offering investment services rather than traditional software products. The firm provides equity investment and partnership to founder-owned businesses across technology, healthcare, and advanced manufacturing sectors in the UK and Ireland. Their investment vehicle focuses on profitable companies with EBITDA under £5m, deploying initial investments of up to £20m. The firm closed its maiden fund at approximately £120 million in 2024 and aims to make 2-3 investments per year.
Differentiator
Problem solved
Functional benefit
Products and services
- Private Equity Investment Services Hypha provides private equity investment for founder-owned businesses in the UK and Ireland lower mid-market, offering majority and minority equity positions of £3m-£15m (up to £20m initial) through buyouts, growth capital, and equity release transactions. Investments focus on profitable companies with EBITDA under £5m in technology, healthcare, and advanced manufacturing sectors.
Quantifiable outcome
- 30+ companies supported
- +2 more outcomes
Companies that use Hypha
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
Hypha technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Hypha partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Ashley Medical CommunicationscoreHypha acquired a majority stake in Ashley Medical Communications (AMC), supporting the management buyout led by CEO Cath Lavery. The transaction empowers AMC's growth plans including European expansion and development of complementary service lines.
- Pass Tech (Pass)coreHypha invested alongside founders Oliver Naylor and Lewis Wilding in Pass Tech, a leading EdTech company improving educational outcomes in maths and English. The investment supports platform expansion, course content growth, and B2C/B2B market development. New leadership includes Terry Sweeney (formerly CEO of RM Plc) as Chair.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Hypha competitors and assessment
Company assessmentDirect peers
- Maven Capital Partners: UK and Ireland regional PE and growth capital manager focused on smaller SMEs with EBITDA typically under £5m. Direct comparator in geography, sector mix, and deal size to Hypha.
- YFM Equity Partners: Long-established UK lower mid-market PE firm investing £2m-£15m in profitable SMEs across similar sectors to Hypha, including technology, healthcare, and industrials.
- ECI Partners: UK mid-market growth investor focused on tech-enabled services, healthcare, and specialist industrials with £3m-£30m equity tickets. Highly overlapping thesis and ticket size with Hypha.
- Cairngorm Capital: UK lower mid-market PE firm investing in healthcare, consumer, and business services with EBITDA between £3m-£15m. Direct competitor for the same founder-led deal pool, and former employer of Hypha's Adam Watson.
- Inflexion: UK mid-market PE investor pursuing majority and minority deals across healthcare, technology, and business services. Comparable in sector overlap and minority/majority flexibility.
- LDC (Lloyds Development Capital): One of the most active UK lower mid-market PE investors backing management teams with £2m-£100m revenue companies. Closest direct peer in mandate, geography, and ticket size to Hypha.
- Beech Tree Private Equity: London-based lower mid-market PE firm backing UK SMEs with £3m-£15m equity tickets across business services, healthcare, and technology. Closely comparable mandate and deal size to Hypha.
Broad incumbents
- BGF (Business Growth Fund): UK and Ireland's most active growth capital investor with a portfolio of hundreds of minority and majority investments. Competes with Hypha for founder-led growth equity and minority deals in the lower mid-market.
- Foresight Group: Listed UK investment manager operating across PE, infrastructure, and private credit with a lower mid-market heritage. Highly comparable as the firm where all three Hypha co-founders built their careers and where the team's prior exits were generated.
- Hg Capital: Large UK and European software and services PE investor. Overlaps in tech and health-tech vertical interest and is a relevant comparator for fundraising scale; former employer of Hypha's Ayushi Sharma.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Hypha social profiles
Digital presenceHypha compliance and trust
Trust signalCompliance2 records
Hypha financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hypha leadership team
Management profileNumber of profiles
Profiles7 records
Hypha subsidiaries and ownership
Company hierarchySubsidiaries2 records
Hypha funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hypha M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hypha
What does Hypha do?
Hypha provides private equity investment services to founder-owned businesses in the UK and Ireland lower mid-market, deploying £3m-£15m (up to £20m) per transaction through majority or minority equity positions. The firm structures buyouts, growth capital, and equity release transactions across three focused sectors: technology, healthcare, and advanced manufacturing. Investments target profitable companies with EBITDA under £5m and capacity for organic growth.
Is Hypha a public or private company?
Hypha is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Hypha founded?
Hypha was founded in 2024. It employs 1 to 10 people.
Where is Hypha based?
Hypha is headquartered in London, United Kingdom, in the Europe region.
How does Hypha make money?
One revenue line is on record: private Equity Returns.
Who are Hypha's main competitors?
Direct peers on record are Maven Capital Partners, YFM Equity Partners, ECI Partners, Cairngorm Capital, Inflexion, LDC (Lloyds Development Capital) and Beech Tree Private Equity. Broad incumbents are BGF (Business Growth Fund), Foresight Group and Hg Capital.
Does Hypha have an API?
No public API is recorded for Hypha.
What industry is Hypha in?
Hypha's product category is Private Equity Investment. Its primary akta.pro industry code is FSANABAC, Lower Mid-Market Buyout. Its NAICS code is 52 and its SIC code is 6199.