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Innovate UK

Innovate UK

Government

Innovate UK is a government-backed agency supporting business-led innovation across the United Kingdom.


Recent investments

Seed
$4.0M

The seed round was led by Eos Advisory alongside regional public and private backers.

"Robot-assisted surgery has become increasingly popular in recent years and is now widely used in various surgical procedures including urology, gynaecology, and colorectal. We have pilot programmes running with healthcare and medical device groups worldwide, including in the United States, and we now look forward to the commercialisation phase with the support of our new investors."
— Nico Fenu, CEO and Co-founder
Seed
£370K

Equity Gap led the seed round alongside Scottish Enterprise and Innovate UK to fund artificial intelligence development.

"We would like to acknowledge the support of Investing Women Angels, which has not only been a key early investor, but has also supported and mentored us through its AccelerateHER programme"
— Fiona Gillies, Co-founder
Pre-Seed
£580K

SFC Capital led the equity portion of the pre-seed round, which also included a grant from Innovate UK.

"In my last company, we spoke with literally thousands of producers, financiers, distributors and brands. All of them faced the same issue, knowing what they should be creating, selling or buying, as well as how it should be positioned, what were the target markets and what audiences truly wanted. That is what North AI is here to solve"
— Rishi Kapoor, Co-founder and CEO
Grant
£6.2M

Innovate UK has backed the female-led health startup to expand representation in clinical trials.

"SökerData’s mission is to use data to develop insights that increase efficiency, safety and equity in drug discovery and regulatory reporting. We have high hopes that SökerData will play a pivotal role in changing the way that we research, develop and administer treatments for disease including cancer.."
— Elsa Zekeng, Founder