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Cambridge Enterprise

Cambridge Enterprise

Venture Capital

Cambridge Enterprise serves as the investment arm of the University of Cambridge.

Portfolio

19

companies


Portfolio companies

Carbon Re

Carbon Re

Carbon Re builds artificial intelligence to decarbonise energy-intensive industries.

CB

CardiaTec Biosciences

CardiaTec Biosciences applies artificial intelligence to multiomic data for cardiovascular drug discovery.

B

BKwai

BKwai delivers a data platform that helps engineers monitor built infrastructure.

P

Porotech

Porotech develops advanced gallium nitride semiconductor technology for micro-LED displays.

iKVA

iKVA

iKVA provides an artificial intelligence platform to locate internal and external corporate knowledge.

H

HexagonFab

HexagonFab builds analytical lab instruments to streamline biopharmaceutical discovery and production.

Nyobolt

Nyobolt

Nyobolt develops high-performance fast-charging battery and energy storage systems.

CG

Cambridge GaN Devices

Cambridge GaN Devices develops energy-efficient Gallium Nitride power electronics.

Sano Genetics

Sano Genetics

Sano Genetics develops software that connects patients with genetic and personalised medicine researchers.

Psyomics

Psyomics

Psyomics builds digital mental health assessment platforms for patients and clinicians.

NQ

Nu Quantum

Nu Quantum develops quantum photonics hardware for communications, sensing, and computing.

Sorex Sensors

Sorex Sensors

Sorex Sensors develops high-sensitivity MEMS mass sensors for industrial and consumer applications.

B

Bond180

Bond180 provides technology solutions for primary fixed income markets.

P

PharmEnable

PharmEnable designs complex small molecule drugs using advanced medicinal chemistry and artificial intelligence.

Qkine

Qkine

Specialist manufacturer of proteins for stem cell and regenerative medicine applications

F

Flusso

Flusso develops miniaturised flow sensors for consumer and industrial applications.

P

PredictImmune

PredictImmune develops prognostic tools for guiding treatment in immune-mediated diseases.

Paragraf

Paragraf

Paragraf manufactures scalable graphene-based electronic devices.

Riverlane

Riverlane

Riverlane develops an operating system for quantum computers.


Team

CM

Christine Martin

Acting Head of Seed Funds

Christine brings investment and directorship experience across life science and venture organisations, including Cambridge Enterprise and SDS Therapeutics.

LinkedIn
James Thomas

James Thomas

Senior Investment Associate

James brings investment and advisory experience across university spin-outs and science-based start-ups, holding roles with Cambridge Enterprise, Martlet Capital, and Cambridge Angels. He currently serves as an operator in residence at Founders at the University of Cambridge and a non-executive director at BugBiome.

LinkedIn
EL

Elaine Loukes

Investment Director


Recent investments

Seed
£4.2M

The funding round was led by Planet A Ventures with participation from Clean Growth Fund, UCL Technology Fund, and Cambridge Enterprise.

"At a time of escalating fuel prices and increasing emphasis on CO2 reduction targets, there is an urgent need for action. Carbon Re is connecting the biggest challenge of our time – climate change – with the biggest opportunity – advances in AI. Our cement plant trials have demonstrated that Delta Zero can deliver dramatic CO2 savings on a near-live basis."
— Sherif Elsayed-Ali, CEO
Pre-Seed
£1.4M

The pre-seed round was co-led by Laidlaw Scholars Ventures and APEX Ventures.

"Recent advances in artificial intelligence are generating novel ways to interpret multiomic data. I am excited to lead CardiaTec’s technology strategy to establish a new paradigm for understanding the pathophysiology of cardiovascular diseases."
— Namshik Han, CTO
Seed
£2.2M

Octopus Ventures led the seed financing round, which included participation from Deeptech Labs and Cambridge Enterprise.

"Construction is one of the world economy’s largest sectors, worth £7 trillion. McKinsey estimates that if the productivity levels were to catch up with the progress made by other sectors over the past 20 years or with the total economy, it could increase the industry’s value added by £1.2 trillion a year. We’re delighted to be backing such a formidable founder who is taking on a giant industry and we’re excited by BKwai because it is giving the industry the tools it needs to meet its potential. Not only is it helping companies optimise their builds and assets, it is also moving the industry to more green, sustainable practices that have long-term impact."
— Akriti Dokania, Investor
Seed
£3.0M

The funding round was led by Speedinvest to support the development of novel micro-LED production methods.

"It’s an entirely new engineered GaN material platform to build semiconductor devices on. It offers performance improvements that are suitable for mass production, scalable in wafer size – and crucial for the next generation of microdisplay devices such as AR glasses."
— Tongtong Zhu, CEO and co-founder
Seed
£1.5M

The University of Cambridge spinout has raised £1.5m from backers including Cambridge Enterprise and Crowdcube.

"Having the ability to surface internal knowledge blended with external sources is now a major priority for large organisations that employ thousands of staff using multiple platforms to store their data, information and knowledge."
— Jon Horden, CEO
Seed
£1.9M

Cambridge Enterprise led the seed financing, which includes backing from Parkwalk, New Grounds, and R42 Group.

"Many researchers would like to get molecular binding data more conveniently and more frequently to guide them through a drug development project. HexagonFab aims to address this need with the Bolt. This investment will enable us to bring our game-changing product to the market. We look forward to the months ahead working closely with our lead customers,"
— Christoph von Bieberstein, Founder and Commercial Director
Series A
£7.5M

The Series A round was led by IQ Capital with backing from Cambridge Enterprise and Silicon Valley investors.

"Nyobolt batteries remove the limitations presented by conventional lithium-ion batteries. They are perfect for applications that require high power and ultra-fast charge. The recorded performance of our batteries represents a paradigm shift in battery technology and we are pleased to play our part in accelerating a greener, more efficient future, powered by world-class batteries."
— Sai Shivareddy, CEO and Co-founder
Series A
$9.5M

The financing round was co-led by IQ Capital, Parkwalk Advisors and BGF to scale the company's product range and double headcount.

"This latest round of investment is a great recognition of our success to date, with new and existing investors confirming the strength of our technology. Since 2016, CGD has grown significantly and we are thrilled to be in a position to deliver several products to market, following decades of industry-leading research in reliability of power devices. This investment will allow us to supplement our experienced team with additional experts and expand our markets globally, creating more sustainable electronics worldwide."
— Giorgia Longobardi, CEO and founder
Seed
£2.5M

The seed round was led by Episode1 with backing from Seedcamp, Cambridge Enterprise, and January Ventures to fund DNA testing kits and platform development.

"We urgently need more people contributing to medical science, but the gap between those wanting to take part and actually knowing how to is huge. The scientific community has long relied on time-starved doctors signposting patients to clinical trials which just isn’t an effective way to get decent levels of participation. The pandemic has added further challenges, as many patients with rare and chronic diseases are unable to safely leave home."
— Charlotte Guzzo, COO
Series A
£1.5M

Parkwalk led the follow-on investment round to support the market launch of the company's mental health assessment tool.

"Diagnosing mental health issues correctly in primary care can be difficult, due to time constraints and the fact that mental health conditions can be masked by physical symptoms. Delays in diagnosing—or misdiagnosis—mean that it can take several years for an individual with depression to be correctly diagnosed. For bi-polar disorder the average delay is six to eight years. The consequence of this is that many people suffer unnecessarily from debilitating symptoms that could be successfully treated. It is clear that faster and earlier diagnosis followed by the most appropriate treatment will improve the quality of life of affected individuals, while at the same time relieving pressure on the healthcare system"
— Sabine Bahn, Co-founder
Seed
£2.1M

Amadeus Capital Partners led the Seed round, with backing from Ahren Innovation Capital, IQ Capital, Cambridge Enterprise, Martlet Capital, and Seraphim Capital, to fund new labs and recruitment.

"Our aim is to enable the potential of quantum mechanics using quantum photonics hardware. This funding will allow us to do just that – a world-class multidisciplinary team and our new laboratories will give Nu Quantum the ability to deliver meaningful demonstrations of our technology into the hands of customers and partners for the first time."
— Carmen Palacios-Berraquero, CEO
Seed
£900K

The funding round was led by Cambridge Enterprise with backing from Cambridge Angels, SyndicateRoom and Camvision.

"The team has done a fantastic job so far and Mario will continue to work closely with Michael as we ramp up production and bring new products to market,"
— Andrew Flewitt, Chief Scientific Officer
Seed
£1.8M

The oversubscribed round was led by Cambridge Enterprise and will fund the company's transition into drug development.

"We are pleased to welcome on board our new investors and appreciate their confidence in our business. Our aim is to replicate the specificity of biologics in the powerful and scalable form of a small molecule, to treat devastating diseases where there are currently no treatment options. We have proven the strength of our platform in tapping unexplored parts of the chemical universe to find novel and specific hits for currently undruggable targets, and are excited to now be able to invest in our own pipeline of drug discovery programmes, as well as to develop further strategic partnerships."
— Hannah Sore, CEO
Series A
£1.5M

Parkwalk led the series A round with participation from life science investors and angels to fund international expansion and senior hires.

"There is a clear market need for high-quality protein reagents, especially for applications in stem cell biology and organoid research. Qkine has both a compelling technology to meet this need and a highly experienced management team to drive the growth of the business."
— Alastair Kilgour, Chief Investment Officer
Series A
£4.6M

The investment round was led by Parkwalk Advisors and Foresight Williams Technology EIS Fund.

"The energy efficiency of many products could be greatly improved if they incorporated gas and flow sensors, but companies are unable to do so due to cost, size, or manufacturing constraints. Our vision is to bring flow- and gas-sensing technologies to all these products. This funding round helps us to scale up and bring our vision to reality."
— Andrea De Luca, CEO
Series B
£10.0M

The round was led by BGF with participation from Parkwalk, Cambridge Enterprise, and Cambridge Innovation Capital.

"Parkwalk are delighted to continue to support the ground breaking technology from Dr Ken Smith’s laboratory at Addenbrookes, which enables the prognosis of IBD and an earlier clinical decision as to the correct drug treatment. This will significantly improve clinical outcomes and enhance patient welfare. The team at PredictImmune have done a magnificent job in productising the technology and are now taking the tests on their commercial pathway. We look forward to seeing the platform extended to benefit clinical outcomes in further diseases."
— Alastair Kilgour, Chief Investment Officer
Series A
£12.8M

Parkwalk led the Series A financing to support product development and commercialisation.

"This funding marks the start of the next phase in Paragraf’s growth. I am extremely proud of the young team at Paragraf who have collectively delivered the early strategy milestones with great skill. This next phase will allow Paragraf to make these truly game-changing technologies a reality. Paragraf is continually seeking like-minded collaborative development, production and commercial partners to accelerate the delivery of the many exciting electronics technology opportunities graphene has to offer."
— Simon Thomas, CEO
Seed
£3.3M

Cambridge Innovation Capital and Amadeus Capital Partners led the seed round to support quantum software development.

"This seed funding allows us to accelerate our work at a critical time in the development of quantum computers. Computers are central to the design of many new products, but when we try to model systems at the level of individual atoms, the rules that govern their behaviour are fundamentally different. Even huge supercomputers are limited to approximations. As a result the design of new drugs and materials remains primarily a laboratory, rather than a computational, exercise. Riverlane’s software aims to unleash the huge potential of quantum computers."
— Steve Brierley, Founder and CEO
Seed
£2.9M

The funding round was led by Cambridge Enterprise with participation from Amadeus Capital Partners, Parkwalk Advisors, IQ Capital Partners and angel investors.

"The new Paragraf facility is a significant step towards realising the potential of graphene in commercially viable, scalable electronic devices, bringing the beneficial impacts of this wonder material to the world."
— Simon Thomas, CEO