Innovate UK

Founded 2007

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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.
Total investments 466
Average round size
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The average size of a deal this fund participated in
$820K
Portfolio companies 383
Rounds per year 33.29
Lead investments 212
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.18
Exits 25
Key employees 7
Stages of investment
Grant

Areas of investment

  • Health Care
  • Software
  • Biotechnology
  • 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, Swindon
Funds with similar focus located in United Kingdom, Swindon:
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

CompanyIndustryRoundRound SizeDateInvestorsLocation

Reclyc8

Environmental Engineering
Renewable Energy
n/a
$228K27 Aug 2021 United Kingdom, Aberdeenshire

Abtrace

Artificial Intelligence
Health Care
Machine Learning
Medical Device
Natural Language Processing
n/a
$1M26 Aug 2021 United Kingdom, London

Addionics

3D Technology
Battery
Energy Efficiency
Manufacturing
Product Design
n/a
25 Aug 2021 United Kingdom, London

Bonnet

Apps
Automotive
Electric Vehicle
Software
n/a
$95K23 Aug 2021 United Kingdom, London

Keebo

Consumer Lending
Credit
Credit Cards
Finance
Financial Services
FinTech
Lending
Personal Finance
n/a
18 Aug 2021 United Kingdom, London

Oxford Heartbeat

Big Data
Medical Device
Software
n/a
$2M04 Aug 2021 United Kingdom, London

AceOn Group

Electrical Distribution
Electronics
n/a
$1M22 Jul 2021 United Kingdom, Telford

Byway Travel

Tourism
Travel
n/a
$1M06 Jul 2021 United Kingdom, London

Levistor

Electric Vehicle
Industrial Engineering
Mechanical Engineering
n/a
$746K29 Jun 2021 United Kingdom, Surbiton
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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