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CI

Cambridge Innovation Capital

Venture Capital

Cambridge Innovation Capital is a venture investor backing and building deep tech and life sciences companies.

Portfolio

17

companies

AUM

£300M

under management


Portfolio companies

UA

Unlikely AI

Unlikely AI develops a fresh and ambitious approach to artificial intelligence.

SL

Salience Labs

Salience Labs builds ultra high-speed multi-chip processors that combine photonics and electronics for artificial intelligence applications.

Microbiotica

Microbiotica

Microbiotica develops microbiome-based therapeutics and precision biomarkers.

CS

CMR Surgical

CMR Surgical develops a next-generation surgical robotic system designed to make keyhole procedures more accessible.

O

Origami

Origami provides smart software for trading and automating green energy assets.

Sense Biodetection

Sense Biodetection

Sense Biodetection develops rapid molecular diagnostic tests for decentralized healthcare.

Congenica

Congenica

Congenica provides software that accelerates genomic data analysis for personalised medicine.

Riverlane

Riverlane

Riverlane develops an operating system for quantum computers.

S

Seldon

Seldon provides open-source DevOps tools for managing and monitoring machine learning models.

SC

Start Codon

Start Codon accelerates life science and healthcare start-ups through funding and expert guidance.

G

GeoSpock

GeoSpock develops high performance database technology for large scale spatial and temporal data analytics.

P

PredictImmune

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

AA

Audio Analytic

Audio Analytic develops AI sound recognition software to give machines a sense of hearing.

P

PROWLER.io

The company builds an artificial intelligence platform designed to improve decision making for businesses.

C

Cytora

Cytora develops artificial intelligence software for commercial insurance underwriting.

I

Inivata

Inivata develops liquid biopsy platforms to transform cancer care.

I

Imagen

Imagen provides a software as a service video management platform for enterprise video libraries.


Team

Victor Christou

Victor Christou

CEO

Victor brings venture investment experience in deep tech, life sciences, and plant sciences, alongside background as an exited founder. He currently serves as chairperson at St John's Innovation Centre and holds leadership roles across several investment firms.

LinkedIn
Andrew Williamson

Andrew Williamson

Managing Partner

Andrew brings venture capital and investment experience from Cambridge Innovation Capital, True North Venture Partners, and MalibuIQ. He also serves on the board of the British Private Equity and Venture Capital Association.

LinkedIn
Michael Anstey

Michael Anstey

Partner

Michael is a partner at Cambridge Innovation Capital and serves on the board of several life sciences and technology companies, including Congenica and Epitopea.

LinkedIn
CC

Carol Cheung

Principal

Carol brings venture capital experience from roles at Cocoon Capital and Cambridge Innovation Capital, alongside directorships at Culmen House and Spectrum Capital Management.

LinkedIn
VL

Vin Lingathoti

Partner

Vin brings venture capital and entrepreneurial experience across artificial intelligence infrastructure and cybersecurity, having previously served as a partner at Cambridge Innovation Capital and founded several ventures.

LinkedIn
RT

Robert Tansley

Partner

IL

Ian Lane

Partner


Recent investments

Seed
£17.4M

Amadeus Capital Partners and Octopus Ventures co-led the seed round to support product development and team expansion.

"The entire team is very excited about the opportunity that this financing has given us to develop Unlikely AI and its technology, and we are delighted to partner with our new investors."
— William Tunstall-Pedoe, Founder
Seed
£9.4M

The seed round was co-led by Cambridge Innovation Capital and Oxford Science Enterprises to accelerate the development of photonic artificial intelligence processors.

"Salience Labs brings together deep domain expertise in photonics, electronics and CMOS manufacture."
— Ian Lane, Partner
Series B
£50.0M

The financing round was co-led by Tencent and Flerie Invest to support Phase 1b clinical studies and pipeline expansion.

"This major fundraise is a substantial validation of both our team and our world-leading technology. We are fortunate to have the support from new and current investors who have recognised the importance of the microbiome's therapeutic potential and Microbiotica's unique capabilities."
— Mike Romanos, Co-Founder and CEO
Series D+
£425M

The funding round was led by SoftBank Vision Fund 2 and co-led by Ally Bridge Group to support international expansion and technological development.

"This latest financing equips CMR with significant funds to accelerate our mission of bringing Versius to hospitals worldwide, whilst providing full flexibility to achieve our goals. This major injection of capital that now values us at $3billion not only reflects the level of interest we have seen in our product, but also the scale of the business, and will enable significant technology developments and global expansion. As the lead investor, SoftBank has a wealth of experience supporting disruptive business models and innovative technologies, and we look forward to leveraging their expertise and extensive ecosystem. I would also like to thank our existing investors for their long-term support."
— Per Vegard Nerseth, Chief Executive Officer
Series C
£20.5M

Barclays led the funding round with participation from existing backers to accelerate international expansion and product development.

"This investment recognises that with powerful real-time software solutions underpinning our emerging green energy systems, tackling the world’s greatest threat of climate change can also become the world’s greatest commercial opportunity. Barclays shares our vision and has a broad customer base in the UK and internationally, which includes many energy businesses. I am looking forward to working with them to help achieve our ambitious goals."
— Peter Bance, CEO
Series B
£35.9M

Koch Disruptive Technologies led the Series B round to support the commercialisation of the Veros diagnostics platform.

"This Series B round is crucial in providing us with the resources to grow our Veros platform to revolutionize decentralized point-of-care testing; and it is particularly important as we commercialize our Veros COVID-19 test, which delivers laboratory quality results directly to users within minutes, without an instrument. This will be an essential tool in the effective management of outbreaks of this and other diseases,"
— Harry Lamble, CEO
Series C
£39.0M

The financing round drew participation from Legal & General, Tencent, and QVentures to support genomics software development.

"We are thrilled to be supporting Congenica in developing their world-leading technology to deliver life-changing answers. At QVentures, we strive to support cutting-edge technology companies that really change how an industry operates and we believe David and his team are doing just that. We are pleased that QVentures’ Family Offices and UHNWI investors could join us on that journey."
— Robert Walsh, Managing Partner
Series A
£14.6M

The financing will support international expansion and development of the Deltaflow operating system.

"For a quantum ecosystem to thrive, we urgently need an operating system. An operating system makes quantum computers useful – it allows programs and applications to run on many different machines. Riverlane aims to make our operating system Deltaflow a global standard."
— Steve Brierley, Founder and CEO
Series A
£7.1M

The round was co-led by AlbionVC and Cambridge Innovation Capital to support commercial expansion and research.

"There’s never been a greater need to effectively deploy ML models in enterprise, and this fresh capital injection will ensure our customers have the tools they need to achieve their goals."
— Alex Housley, CEO and founder
Other
£15.0M

Novartis International and Cambridge Innovation Capital participated in the £15m fund.

"This venture fund will provide start-ups with the opportunity to kick start their development and will bring novel and innovative ideas to commercialisation. We are delighted to have supported Start Codon since its inception and are excited to see it act as an important facilitator in creating success in Cambridge and throughout the UK."
— Michael Anstey, Partner
Series C
£39.0M

The financing round was co-led by Tencent and Legal & General to support international expansion and product development.

"Genomic medicine is revolutionising healthcare, transforming outcomes for patients by providing clinicians with fast, accurate and early diagnoses and the information needed to provide life-changing answers for their patients, improving wellbeing and disease management. This new funding will allow us to build on our established foundation in rare disease and bring the power of our platform to new indications and new markets. We welcome our new investors to Congenica and are grateful to our existing investors for their continued support."
— David Atkins, Chief Executive Officer
Series B
£4.2M

The funding round was led by nChain and Cambridge Innovation Capital.

"Businesses have realised that advanced analytics and rapid innovation is the key to building competitive advantage in a data-driven world, so where billion row queries that took hours were once acceptable, the market now demands trillions of rows and speed-of-thought results. Aside from performance and scale, database technology needs to be built with the future of the connected world in mind – providing flexibility and cost predictability, even as the demands for big data continues to grow."
— Steve Marsh, Founder and CTO
Series C
£195M

The record European medtech financing was backed by new US investors and existing partners including LGT and Cambridge Innovation Capital.

"We are pleased to welcome new US investors whose calibre and scale are reflective of the scale of CMR's mission to transform surgery. I would also like to thank our existing investors for their long-term commitment in supporting this company to achieve its global mission. The significant capital injection in a UK scale-up reconfirms my belief that the Cambridge eco system has fostered a unique pool of diverse talents and competencies that will help drive our innovation in the years ahead. With new and existing investors onboard, CMR is well-placed to make surgical robotics accessible for all."
— Erik Langaker, Chairman
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
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
Series B
£9.4M

National Grid Partners joined existing investors Cambridge Innovation Capital and IQ Capital in backing the sound recognition specialist.

"Our Series A round in 2017 raised $5.5m. Since then we’ve doubled the size of the company, licensed our technology to leading players and seen their products make a significant impact on the smart home market,"
— Chris Mitchell, Founder and CEO
Series B
£39.8M

The financing round was led by RT Ventures and will support the US commercial roll-out of the company test.

"This Series B financing allows us to commercialize our lead product in patients with advanced lung cancer, following our positive reimbursement decision. We also have an exciting portfolio of future products that will be advanced in parallel to maximize the benefits of our industry-leading InVision Liquid Biopsy platform to patients. We are grateful to our existing investors for their continued support and are delighted to welcome RT Ventures to our already strong investor base. With these funds in place, we look forward to continuing our mission to transform the lives of cancer patients through the power of liquid biopsy."
— Clive Morris, Chief Executive Officer
Series B
£6.5M

The video management platform raised the Series B capital from Downing Ventures, Guinness Asset Management, and Cambridge Innovation Capital.

"This funding is clear recognition of the value our partners and prospects see in the platform. We have a world class roster of clients across the sports, media and enterprise sectors and have a healthy pipeline going into 2019. We look forward to accelerating our global operations and are thrilled to be working with new investors to continue shaping the future of video management."
— Charlie Horrell, CEO
Series B
£6.5M

Downing Ventures led the Series B round with participation from Guinness Asset Management and Cambridge Innovation Capital.

"This funding is clear recognition of the value our partners and prospects see in the platform. We have a world class roster of clients across the sports, media and enterprise sectors and have a healthy pipeline going into 2019. We look forward to accelerating our global operations and are thrilled to be working with new investors to continue shaping the future of video management."
— Charlie Horrell, CEO