Lucius Cary is the founder and Managing Director of Oxford Technology Management. See sector focus and contact routes.
Lucius Cary is the founder and Managing Director of Oxford Technology Management, an early-stage venture capital firm in Oxford, UK, where he has directed over 200 investments since pivoting to venture capital in 1983. His investment thesis targets early-stage science and technology companies, with sector focus on biotechnology, software, advanced materials, and engineering, primarily in the UK and Oxford region. OTM raises funds utilizing SEIS and EIS tax schemes to invest small sums into science startups, though specific check sizes and lead/follow behavior are not publicly detailed. Notable portfolio companies include Ducentis BioTherapeutics and other case-study investments highlighted in his 2024 Master Investor Show presentation. Cary distinguishes himself by arguing that good returns are achievable through small investments in science startups, a viewpoint he articulated in a published interview emphasizing this strategy. He was awarded an OBE in 2003 for services to business and holds an engineering and economics degree from Oxford plus an MBA from Harvard.
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