The Founder · Vol. I

Errol Damelin — Founder, Dust Road Ventures

Built three companies · 75+ investments since 2011

Errol Damelin, founder of Dust Road Ventures, photographed in coastal linen, golden hour.

Errol Damelin is a founder and investor, investing through Dust Road Ventures.

He writes first or second cheques at seed stage in fintech, AI, health-tech, and enterprise software — backing founders with deep domain expertise building technology the market does not yet know it needs.

He grew up in Klerksdorp, a small mining town in South Africa’s North West Province — no traffic lights, no malls, the family home backing onto open bush. Read engineering and business at the University of Cape Town, then a graduate degree at Boston University, before settling in London. The roads of his childhood are the source of the firm’s name and visual identity.

Built three companies — Supply Chain Connect, Wonga, and Tide — before becoming a full-time investor. 75+ investments since 2011. Portfolio includes Wise (pre-revenue), Purplebricks (first investor), HiBob, K Health, Cleo AI, Earnin, Elliptic, Cazoo, Citymapper, YuLife, and Zoe. Named TechCrunch Founder of the Year (2010), Guardian Digital Entrepreneur of the Year, and Ernst & Young UK Entrepreneur of the Year (2011).

Lives in London with a family base in the Kalahari.

“He thinks about start-ups like Zaha Hadid thinks about buildings.”
Founding Partner, European VC fund

For the full biographical timeline and writing, see erroldamelin.com.

“One of the most relentlessly creative people I know.”
Former Amazon executive, now Partner at global PE firm
“A force of nature with incredible strategic vision and yet still such a nice guy.”
C-suite executive, major marketplace

Co-investor

Nadav Damelin

Israel-based co-investor focused on early-stage deal evaluation and founder engagement, with a particular interest in marketplace and consumer technology businesses. Studied Business Administration and Entrepreneurship at Reichman University (IDC Herzliya). Brings a founder’s perspective to early-stage investing across the UK and Israel.

A Land Rover Defender parked between two baobab trees in southern Africa — the operator's vehicle, used not posed.
S 18°50′ E 24°02′ · Mopane & Baobab
75+ companies.19 named publicly.
A few of the seventy-five
  • Wise
  • Tide
  • HiBob
  • Cleo AI
  • Purplebricks
  • K Health
  • Earnin
  • Elliptic
  • Cazoo
  • Citymapper

Frequently asked

What companies has Errol Damelin founded?
Three. Supply Chain Connect (2000), an early cloud supply-chain software business; Wonga (2006), which built the first real-time AI system in consumer credit; and Tide, the small-business banking platform he co-founded in 2015. He formalised his investment practice as Dust Road Ventures in 2024.
What is Dust Road Ventures?
A seed-stage investment firm Errol Damelin founded in 2024, writing first and second cheques in fintech, AI, health-tech, and enterprise software. The portfolio spans 75+ investments made since 2011, including Wise, Purplebricks, HiBob, K Health, and Cleo.
What is Errol Damelin's investment track record?
More than 75 seed-stage investments since 2011, almost all as first or second cheque — among them Wise (backed pre-revenue, later listed in London), Purplebricks (first investor), K Health, HiBob, Cleo, and Earnin.
How can founders reach Dust Road Ventures?
Email opportunity@dustroad.vc directly. The firm keeps contact deliberately simple — no forms, no scheduling widgets, no chatbots.