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FW

Foresight WAE Technology

Venture Capital

Foresight WAE Technology is a deep-tech specialist investment fund.

Portfolio

5

companies

By category

  • CleanTech£9.2M
  • Semiconductor£6.4M
  • HealthTech£4.7M
  • AI/ML£4.5M

By location

  • Oxford£13.7M
  • Scotland£4.7M
  • Cambridge£4.0M
  • Glasgow£2.4M

Portfolio companies

MD

Machine Discovery

Machine Discovery develops machine learning technology to accelerate complex simulations and product design.

M

Mixergy

Smart hot water storage and home energy solutions provider.

N

Nebu-Flow

Nebu-Flow develops advanced nebuliser technology for pharmaceutical delivery.

VP

Vector Photonics

Vector Photonics develops advanced semiconductor lasers for datacentres and industrial applications.

V

VyperCore

VyperCore develops advanced processor technology that accelerates compute performance and enhances data centre security.


Team

AS

Anastasia Sagaidachna

investor

CW

Christopher Wiles

Investment Director


Recent investments

Other
£4.7M

The financing round was led by SCVC with participation from a group of institutional investors and agencies.

"Essentially, our technology generates very small droplets which are ideal for peripheral inhalation drug delivery, and also the potential for systemic drug delivery through the inhalation route rather than via injection."
— Elijah Nazarzadeh
Other
£9.2M

The Oxford spinout secured £9.2m from new and existing backers to scale its smart hot water technology.

"Mixergy is launching a new integrated heat pump cylinder in the Spring, which uses our top-down heating technology, with a small heat pump attached to the cylinder. It will heat water 10x faster than conventional integrated heat pump cylinders (usable hot water in under 30 min), and connect to the grid."
— Pete Armstrong, CEO and co-founder
£2.4M

The round was co-led by Clean Growth Fund and Foresight WAE Technology to support the commercialisation of semiconductor lasers.

"We are excited to be partnering with the Vector team as they pioneer a major revolution in laser technology. Lasers are ubiquitous, and we recognise the significant carbon savings that PCSELs can deliver by increasing energy efficiency across many applications. These efficiency savings are initially targeted at the large and growing emissions problem of datacentres, but the opportunity to deliver emissions savings is much wider. Clean Growth Fund was established to invest in the very best clean tech innovators across the UK and so we are delighted that Vector Photonics is our first investment in Scotland. The team combines world-leading technical and commercial expertise and we are excited to support one of the leading innovators in Scotland’s photonics ecosystem to address the climate crisis."
— Susannah McClintock, Investment Director