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UG

UK Government

Government

Portfolio

4

companies


Portfolio companies

R

Reactwise

Reactwise develops artificial intelligence software and robotic laboratories to accelerate pharmaceutical research and manufacturing.

O

Orbex

Orbex develops space rockets and launch services for small satellites.

GR

Greenback Recycling Technologies

Greenback Recycling Technologies builds decentralised recycling plants and compliance systems for plastic packaging waste.

OI

Ozo Innovations

Ozo Innovations develops sustainable hygiene systems that replace hot water with cold electrolysed water in food processing.


Team

PK

Peter Kyle

Secretary of State for Science, Innovation and Technology


Recent investments

Pre-Seed
£2.6M

The pre-seed round was backed by participants including Y Combinator and the UK government.

"The discovery of novel pharmaceuticals is one of our most important weapons in fighting disease. However, the drug development pipeline is often driven by trial-and-error and held up for many months during the identification of scalable manufacturing processes, delaying clinical trials. Our AI-powered models learn from historical data, cutting up to 95% of experimental work and accelerating these workflows by 30x."
— Alexander Pomberger, CEO and Co-Founder
Series D+
£23.0M

The UK Government led the round with a £20m investment to support upcoming rocket launches and development programmes.

"Britain’s impressive toolkit of scientific talent, world class facilities, and unique geography means we stand ready to lead the charge and to work together with our international partners as a key part of the new space revolution in Europe."
— Peter Kyle, Secretary of State for Science, Innovation and Technology
Series A
£8.0M

The financing round was led by private investors alongside contributions from the UK government.

"In the recycling industry, we are beginning to see how impactful advanced plastics recycling can be for food contact packaging. Greenback is helping the world’s major consumer goods companies meet their ambitious targets to reduce the virgin plastic content in their packaging, without compromising its quality and availability. By creating additional local collection, sorting and recycling jobs, we are also contributing to many of the UN’s Sustainable Development Goals. The completed round of funding from our private investors and the UK government will enable us to accelerate our programme of lighthouse projects that demonstrate shelf-to-shelf circularity of packaging."
— Philippe von Stauffenberg, Founder and Chief Executive Officer
Grant
£600K
"This exciting technology could have a major impact throughout the food industry, radically simplifying the way the sector carry out their hygiene processes. We are looking forward to working with Ozo, and scrutinising both the technical performance and energy saving credentials of the technology."
— Paul Huggins, Director Innovation