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Innovate UK

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 1021
Average round size
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The average size of a deal this fund participated in
$800K
Portfolio companies 818
Rounds per year 60.06
Lead investments 236
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.20
Exits 36
Key employees 7
Stages of investment
Grant

Areas of investment

  • Health Care
  • Biotechnology
  • Software
  • Medical Device
  • Medical
Summary

Innovate UK appeared to be the Corporate Investor, which was created in 2007. The fund was located in Europe if to be more exact in United Kingdom. The main department of described Corporate Investor is located in the Swindon.

Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. Among the most popular fund investment industries, there are Software, Pharmaceutical. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United Kingdom. Among the most popular portfolio startups of the fund, we may highlight F2G, Sky Medical Technology, Genomics. The fund has no exact preference in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low.

The standard case for the fund is to invest in rounds with 1-2 partakers. Despite the Innovate UK, startups are often financed by Newable Private Investing, Mercia Fund Managers, Scottish Investment Bank. The meaningful sponsors for the fund in investment in the same round are SBRI Healthcare, Wayra, Longwall Venture Partners. In the next rounds fund is usually obtained by Entrepreneur First, EASME - EU Executive Agency for SMEs, Oxford Technology Management.

The higher amount of exits for fund were in 2019. Deals in the range of 1 - 5 millions dollars are the general things for fund. The average startup value when the investment from Innovate UK is 100 thousands - 1 million dollars. This Innovate UK works on 25 percentage points less the average amount of lead investments comparing to the other organizations. Considering the real fund results, this Corporate Investor is 43 percentage points more often commits exit comparing to other organizations. The fund is constantly included in 13-24 deals per year. The important activity for fund was in 2018.

The overall number of key employees were 6.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Innovate UK:
Typical Co-investors
Innovate UK is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Innovate UK:

Funds with similar focus

Funds from United Kingdom
Funds with similar focus located in United Kingdom:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Mestag Therapeutics

Biotechnology
Health Diagnostics
Therapeutics
$2M28 Aug 2024 Cambridge, England, United Kingdom

Fuse Diagnostics

$2M29 May 2024 Cambridge, Cambridgeshire, United Kingdom

R.Flo

Energy Storage
Industrial
Power Grid
Renewable Energy
03 May 2024 -

Know Someone

Employee Benefits
Employment
Recruiting
$685K03 Jan 2024 Leeds, Yorkshire and the Humber, United Kingdom

Veo

E-Commerce
Retail Technology
Shopping
$1M14 Dec 2023 Manchester, England, United Kingdom

Holly Health

Artificial Intelligence
Health Care
mHealth
Wellness
$447K07 Dec 2023 London, England, United Kingdom

Visualax

Augmented Reality
Information Technology
Software
$18K28 Sep 2023 London, England, United Kingdom

SCALED

Information Technology
26 Sep 2023 London, England, United Kingdom

FruitCast

AgTech
Artificial Intelligence
Farming
Fruit
$3M26 Aug 2023 Lincoln, Lincolnshire, United Kingdom
News
Camallergy Awarded £1.1 M Funding Under Innovate UK Biomedical Catalyst Award for Novel Peanut Allergy Treatment

– Cambridge Allergy Ltd (“Camallergy” or “the Company”), a biopharmaceutical company dedicated to providing innovative, patient-centric treatments for life-threatening food allergies, today announced it has been awarded £1.1M funding under the Innovate UK Biomedical Catalyst Award program administered by Innovate UK, the United Kingdom’s research and innovation agency.
– The £1.1M in non-dilutive funding will be used to accelerate the Company’s peanut allergy immunotherapy, CA002, for planned Phase 3 clinical trials.
– The project commences in the first quarter of 2021, and as part of the project’s success, the Company intends to file its investigation new drug application with the FDA and submit a clinical trials application to the MHRA and EMA.

CN Bio Awarded Innovate UK Grant to Develop Single and Multi-organ Models for COVID-19 Research

– CN Bio announced a grant from Innovate UK to develop human-relevant MPS to advance investigations into SARS-CoV-2 infection.
– The funding will be used to develop and test advanced cell culture models that represent different regions of the lung and subsequently linking these models to other organ systems, such as liver and gut, to inform the rapid development of novel therapeutics.
– The fast-moving nature of the COVID-19 pandemic directs additional pressure onto current drug discovery and development processes, which can be limited by misrepresentative in vivo models that cause a large proportion of new medicines to fail when taken to clinical trials.
– To circumvent this, CN Bio is developing single and multi-organ COVID-19 models to investigate virology and immunology throughout the body, with a prolonged viable cell culture time for extended studies.

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Total investments 1021
Average round size 800K
Rounds per year 60.06
Peak activity year 2023
Lead investments 236
Follow on index 0.20
Exits 36
Group Appearance index 0.13

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Mestag Therapeutics

Biotechnology
Health Diagnostics
Therapeutics
$2M28 Aug 2024 Cambridge, England, United Kingdom

Fuse Diagnostics

$2M29 May 2024 Cambridge, Cambridgeshire, United Kingdom

R.Flo

Energy Storage
Industrial
Power Grid
Renewable Energy
03 May 2024 -

Know Someone

Employee Benefits
Employment
Recruiting
$685K03 Jan 2024 Leeds, Yorkshire and the Humber, United Kingdom

Veo

E-Commerce
Retail Technology
Shopping
$1M14 Dec 2023 Manchester, England, United Kingdom

Holly Health

Artificial Intelligence
Health Care
mHealth
Wellness
$447K07 Dec 2023 London, England, United Kingdom

Visualax

Augmented Reality
Information Technology
Software
$18K28 Sep 2023 London, England, United Kingdom

SCALED

Information Technology
26 Sep 2023 London, England, United Kingdom

FruitCast

AgTech
Artificial Intelligence
Farming
Fruit
$3M26 Aug 2023 Lincoln, Lincolnshire, United Kingdom
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