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R42

Venture Capital

R42 Group is an investment firm focused on artificial intelligence and longevity technologies.

Portfolio

8

companies

Investment by month

By category

  • AI/ML£40.8M
  • Uncategorised£14.8M
  • Enterprise Software£1.9M

By location

  • Cambridge£49.9M
  • London£2.6M
  • Oxford£2.2M
  • Surrey£2.2M
  • Edinburgh£600K

Portfolio companies

Healx

Healx

Healx deploys artificial intelligence to discover new therapies for rare conditions.

H

HexagonFab

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

Oxford Drug Design

Oxford Drug Design

Oxford Drug Design develops novel cancer therapeutics using a proprietary computational and machine learning platform.

S

Silveray

Silveray develops novel X-ray conversion materials for safer and more efficient imaging.

Stamp Free

Stamp Free

Digital postage company offering a phone based alternative to traditional stamps and mailing labels.

VividQ

VividQ

VividQ develops holographic technology that converts standard consumer displays into immersive 3D screens.

View all 8 companies

Team

Ronjon Nag

Ronjon Nag

Founder and president

Ronjon is founder of R42 and an adjunct professor in genetics in the school of medicine at Stanford University. He also brings founding and executive experience from therapeutics and technology companies.

LinkedIn

Recent investments

Seed
£1.6M

The London-based energy management platform raised the capital from Cambridge Enterprise Ventures, Cambridge Angels, Parkwalk, and R42 to scale its product development.

"Our mission is straightforward but ambitious: to decarbonise the world’s most complex real estate in a way that is intelligent, automated and scalable. We don’t just tell you what to do, we do it for you. This funding allows us to double down on the growth and product investment needed to compete at scale."
— Yigit Akar, CEO and Co-Founder
Series C
£37.0M

The Series C round was co-led by R42 Group and Atomico to support clinical trials for rare disease treatments.

"It is truly a pivotal time at Healx. By December 2024, we will advance HLX-1502 into a Phase 2 clinical trial in patients with NF1 both for plexiform neurofibroma, a genetic condition with limited treatment options and for cutaneous neurofibroma, for which there are no FDA approved options. We are also generating important preclinical data for multiple additional compounds identified using our novel generative AI drug discovery engine. Those compounds target rare diseases with significant unmet needs, including additional nerve-related tumor disorders, autosomal dominant polycystic kidney disease and neurodevelopmental disorders such as Angelman syndrome."
— Tim Guilliams, CEO
Seed
£2.2M

The seed round was led by the UK Innovation & Science Seed Fund to support team expansion and product development.

"X-ray scanners are such a common technology that we don’t often think of them as an area for innovation. But the reality is that the addressable market is huge – far beyond the obvious medical applications, with X-ray equipment critical in a range of sectors from construction to manufacturing. Silveray’s technology could play a key role in bringing the world’s oldest imaging technology into the 21st century."
— Sam Fennell, Partner
Seed
£1.0M

The London-based compliance technology startup secured funding from Veridian Ventures, SyndicateRoom, Istcapital, Founders Factory, and R42.

"With the rise of remote working, financial institutions are struggling to deal with the sheer level of virtual communications they must analyse for regulatory purposes,"
— Teoman Gonenc, Co-founder and CEO