Innovate UK

Innovate UK

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Headquarters Location

United Kingdom, Swindon

About

Innovate UK is the renowned Corporate Investor, which was created in 2007. The fund is located in United Kingdom, Europe. The primary office of this Corporate Investor is located in Swindon.

The fund usually invests in rounds together with 1-2 others. Along with Innovate UK, start-ups are often financed by Newable Private Investing, Mercia Fund Managers, Scottish Investment Bank as well as 98 other investors. Other VCs who often invest in the same rounds are SBRI Healthcare, Wayra, Longwall Venture Partners. The investors in the following rounds are usually Entrepreneur First, EASME - EU Executive Agency for SMEs, Oxford Technology Management, and 60 VCs in total.

The overall number of key employees in the fund's team is 6.

Among the most popular investment industries for the fund are Software, Pharmaceutical. However, the fund’s focus is not limited to this, since there are 9 more areas of investment. Among the most popular portfolio start-ups of the fund, are F2G, Sky Medical Technology, Genomics. Moreover, a start-up needs to be 6-10 years old to get investment from this fund. The fund has no a preferred number of founders for start-ups that it invests in. If the applying start-up has 5+ founders, it is very unlikely that funding will be awarded. The country of its foundation and the country of the most frequent investments for the fund coincides - United Kingdom. In addition to this location, the fund participated in 3 other locations.

The highest number of exits from this fund were in 2019. Deals in the range of 1 - 5 millions dollars are most common for this fund. The average start-up valuation at the time of investment from Innovate UK is 100 thousands - 1 million dollars. Innovate UK participates, on average, in 25 percentage points less than the average amount of lead investments in other funds. In 2018, the fund's activity was at its peak. Additionally, in 2019 the fund was active. In real terms, this Corporate Investor performs 43 percentage points more exits than other funds. The fund typically enters into 13-24 deals annually.

Year Founded

2007

Fund Activity

Operative

Group Appearance [how often fund is operating separately from groups with shared interest]

92.2% of cases

Investments per Year [average amount of rounds in which fund participates each year]

13-24

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

8.2% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x11.5

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

2.2 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.39 out of 1

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