Private markets

Private markets, alongside you.

Abbey Road gives families access to private market deals through co-investment, as one part of the whole portfolio, and our founder and partners invest alongside them in every deal shown.

  • SpaceX logo

    SpaceX is an American aerospace and space-transportation company founded in 2002 by Elon Musk. It designs, manufactures and launches reusable rockets and spacecraft, including Falcon 9, Falcon Heavy and Dragon; operates Starlink satellite broadband; and is developing the fully reusable Starship system for missions to Earth orbit, the Moon, Mars and beyond. The company successfully IPOed in June 2026. Abbey Road Investment Group invested in early 2024, and investors stand to make 5-7x return once the lock up expires.

  • FIREFLY logo

    Firefly Aerospace is one of a handful of companies that have successfully launched multiple orbital missions. It also has built the moon landers which were used on the recent Nasa missions The company currently specializes in launching payloads under 3 tons, with plans in development to launch up to 10 tons. Firefly has existing contracts with NASA, Northrop Grumman and other major partners. Firefly has since completed its IPO, delivering approximately 4x net return to Abbey Road investors over a three-year holding period.

  • Gecko Robotics logo

    The world’s most advanced ultrasonic inspection robots for understanding the current condition of critical infrastructure. Our proven automated solutions collect data at an unprecedented scale, increase efficiencies, and promote safety.

  • Physical Intelligence logo

    Physical Intelligence is a robotics AI company, founded in 2024 and headquartered in San Francisco, developing general-purpose foundation models designed to control any robot across a range of physical tasks, rather than one model per robot or task. Abbey Road Investment Group believes Robotics will be a major growth industry in the next 10 years and we were keen to identify and invest in world-class companies developing brains for robots.

  • Foundation logo

    Foundation Future Industries is a robotics company building autonomous machines for the next workforce. Its Phantom robot combines Foundation's own mechanical systems and actuators with Cortex, the AI that powers the robot's perception, learning and autonomy.

  • Lumotive logo

    Lumotive is an optical semiconductor company whose Light Control Metasurface chips steer and shape laser light electronically, on the surface of a semiconductor, with no moving parts. One chip serves programmable 3D sensing for robots, vehicles and smart infrastructure, as well as solid-state optical switching for AI data centres.

  • Chemify logo

    Chemify is a digital chemistry company, founded in 2022 as a University of Glasgow spin-out and led by Professor Lee Cronin, combining a proprietary chemical programming language with robotics and AI to automate the design and synthesis of new molecules for pharmaceutical and materials science applications. Chemify opened its first fully automated "Chemifarm" facility in Glasgow in 2025 and has plans to expand in the USA in the near future.

  • Cusp.ai logo

    Cusp.ai is an AI-driven materials discovery company, founded in 2024 and headquartered in Cambridge, UK, operating a platform that generates synthesizable candidate materials for semiconductors, batteries, and clean-energy applications from a set of target properties. The company has built a formidable group of management, employees and shareholders in a short space of time.

  • Lonestar Data Holdings logo

    Lonestar Data Holdings is a data center infrastructure company, founded in 2021 and headquartered in St. Petersburg, Florida, building "Resiliency as a Service" — secure, off-Earth data storage and disaster recovery from data centers on and around the Moon. Lonestar has flown multiple lunar data-storage payloads via Intuitive Machines missions since 2024, a first for the commercial data-center industry. Abbey Road Investment Group identified datacenters in space before industry leaders started to talk openly about the benefits of the proposition and invested in mid 2025.

  • Scale AI logo

    Better data leads to more performant models. Performant models lead to faster deployment. We help deliver value from AI investments faster with better data by providing an end-to-end solution to manage the entire ML lifecycle.

  • Everykey logo

    Securing your business starts with securing your people. At Everykey, we're committed to tackling the fundamental challenges that businesses encounter in today's digital landscape by offering a unified solution that supersedes traditional approaches.

  • Three Colts logo

    Three Colts, a software company that helps brands and retailers optimize their Amazon sales. They provide tools like inventory alerts, customer service integrations, and sales analytics to tackle challenges faced by third-party sellers on Amazon. Their solutions lead to increased conversions by 200% for clients, including major brands like Samsung, Panasonic, and L’Oréal.

  • Cart.com logo

    Cart.com offers an end-to-end e-commerce platform that streamlines online operations by integrating storefronts, order management, logistics, and customer engagement tools. The platform supports businesses of all sizes in efficiently managing and growing their digital sales channels.

  • FREO logo

    Freo is India’s first full-stack Neobank that focuses on providing customers with flexible and customized financial products (Savings, Investments, Loans, Credit Cards, BNPL). Today, more than 1.7 million customers use Freo’s products and services in +1,000 cities across India.

  • Fresh To Home logo

    We are Fresh or We Are Free Freshly caught, Chemical-free Fish & Seafood, Antibiotic & Preservative -free Chicken & Meat, Farm fresh Fruit & Veggies.

  • Anduril Industries logo

    Anduril Industries is a U.S. defense technology company, founded in 2017 and headquartered in Costa Mesa, California, that builds autonomous military hardware and software — including drones, counter-drone systems, and underwater vehicles — unified under its Lattice AI platform. Anduril positions itself as a software-first alternative to legacy defense contractors, and was last valued at approximately $61 billion following an April 2026 funding round. Abbey Road Investment Group entered at around $15bn valuation in 2024.

  • Lambda logo

    Lambda is a U.S. AI cloud infrastructure company, founded in 2012 and headquartered in San Jose, California, that provides on-demand NVIDIA GPU clusters and large-scale "AI factory" deployments for training and running AI models. Lambda counts hyperscalers and frontier AI labs among its customers. The company was last valued at approximately $6bn following a November 2025 funding round. Abbey Road Investment Group entered at around $2.5bn valuation in early 2025.

  • Sentinel logo

    Sentinel Business Centres is a Dubai-based provider of serviced offices, coworking space, and UAE business-setup services, established in 2007 with locations on Sheikh Zayed Road and at the Dubai World Trade Centre. Sentinel supports company formation, licensing, and administrative services for businesses establishing a presence in the UAE.

  • PsiQuantum logo

    PsiQuantum is a photonic quantum computing company, founded in 2015 and headquartered in Palo Alto, California, developing silicon-photonic chips aimed at building a fault-tolerant, million-qubit quantum computer. The company raised $1 billion in a September 2025 Series E at a $7 billion valuation and is building utility-scale Quantum Compute Centers in Chicago and Queensland, Australia.

  • Perplexity logo

    Perplexity is an AI-powered answer engine, founded in 2022 and headquartered in San Francisco, that provides real-time, cited answers to natural-language questions as an alternative to traditional search. The company provides a ‘sweeper’ model, accessing multiple frontier models from different providers based on the cost and complexity of the search query. Nvidia is in talks to take a strategic stake at a reported $40bn valuation. Abbey Road Investment Group entered at $20bn valuation in late 2025.

  • Kalshi logo

    Kalshi is a CFTC-regulated prediction market exchange, founded in 2018 and headquartered in New York, where users trade event contracts tied to real-world outcomes across politics, sports, and economics. Kalshi has seen significant volume and revenue growth in the last 2 years, which is reflected in its rapid valuation increase over the same period. The company’s last formal round was a series F in March 2026 at $22bn, and there are talks ongoing for a new round closer to $40bn. Abbey Road Investment Group entered at around $11bn valuation in early 2025.

  • Horizon3.ai logo

    Horizon3.ai is an autonomous cybersecurity company, founded in 2019 and headquartered in San Francisco, that builds NodeZero, an AI-driven autonomous penetration-testing platform used to continuously test and verify enterprise security defenses. The company has over 7,000 organizations as clients, including federal agencies.

  • Keyper logo

    Keyper is a UAE proptech company, founded in 2021 and headquartered in Dubai, operating a digital rental-payments and property-management platform that lets tenants pay annual rent in monthly installments while landlords receive funds upfront. Keyper raised $11 million in a July 2026 Series A led by Speedinvest — a round in which Abbey Road Investment Group participated as an investor, alongside Property Finder and Mashreq's NeoVentures.

  • NEWLAB logo

    Newlab is a multi-disciplinary technology centre in NYC that serves as a hardware-focused shared workspace, research lab, and hatchery for socially-oriented tech manufacturing. Current members work in fields such as robotics, connected devices, energy, nanotechnology, life sciences, and urban tech.

  • EAT JUST logo

    Eat Just, Inc. is a private company headquartered in San Francisco, California. It develops and markets plant-based alternatives to conventionally produced egg products and cultivated meat products.

Why we invest in private markets

We view private markets as a source of diversification, where we can take advantage of significant pricing gaps, invest early and participate in outsized returns.

01

Lower Correlations

Private market returns are more closely tied to a company's own performance than to daily shifts in market sentiment. For us, this is an important source of balance in portfolios of listed securities, given lower correlations between the two.

02

Greater Price Inefficiency

Private companies have far less public data than listed securities. This gives investors the opportunity, with deep research and a strong network, to identify high-value opportunities early.

03

Large and Growing Opportunity Set

Companies are staying private for longer, with the average time to IPO increasing to ~12 years from ~5 years in 1999, creating an opportunity to capture value earlier in the growth cycle, before they hit the public markets.

04

Private Equity > Private Credit

Equity lets us fully participate in the value creation of the businesses we back. Unlike credit, where returns are capped at the coupon, equity gives us the full upside from business growth. We remain firmly committed to private equity over credit.

05

Direct Access to Management

We believe management quality is the most important driver of long-term outcomes. Direct engagement with founders and leadership gives us a first-hand view of strategy, culture and execution.

Our disciplined investment decision framework

We assess each investment holistically across a measured set of criteria

  1. 01

    People

    • Proven founders: repeat founders with a track record of building businesses and creating value.
    • Strong senior team: relevant industry experience and top-tier pedigree.
  2. 02

    Product

    • Differentiated offering: early-mover advantage, new technology or other sources of defensibility.
    • Clear customer need: solves a real, proven problem with evidence of demand.
  3. 03

    Growth Potential

    • Large, growing opportunity: attractive TAM with significant room for growth.
    • Strong economics: growing revenue, attractive margins and a clear path to scale.
  4. 04

    Shareholder Cap Table

    • Quality investors: credible names backing the business.
    • Strong alignment: repeat investors and a cap table that supports the next stages of growth.
  5. 05

    Entry Price and Exit Scenarios

    • Attractive entry price: we strive to enter investments early enough to capture meaningful upside.
    • Exits: we model multiple exit scenarios, including downside cases, and assess potential routes to liquidity.

2 in 1: combining software + hardware in a single business

We favour businesses that combine hardware and software, as hardware strengthens customer stickiness while software enables the business to scale

1

Our Strategy

  • At Abbey Road, we have developed a specific preference for companies that can generate upfront revenue from hardware alongside repeat revenue from software.
  • We believe such businesses can offer the best of both models in terms of safety and growth.
2

Why this Works

  • The combination creates greater customer retention and stronger economics over time.
  • Hardware becomes embedded in the customer's operations, while software builds on that installed base through recurring revenue and higher margins as the business scales.
3

Protected Downside, Greater Upside

  • We believe the combination gives us the opportunity to protect the downside while maximising the upside.
  • Hardware supports upfront cash generation, while software adds revenue visibility and margin expansion, helping protect the downside while creating more room for upside.
01

Sourcing the investment

02

In depth due diligence on our 3 criteria - People, Product and Potential

03

Financial model and valuation analysis

04

SPV and legal documentation

Alongside

The Abbey Road founder and partners invest alongside families in every deal shown.

For all Alternative Investments and Direct Deals, Abbey Road performs the entire value chain internally.