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experiential venturefounded by alumni of Bristol spin-out company Ziylo. We raised £8.25m for deep sciencence fund, S/EIS. The company hopes to raise a total of £10 million to provide further support to early-stage deep science startups.
Empirical-backed products range from brain implants to robotic crop harvesters to vaccine temperature control. Their deep science criteria includes life sciences, advanced materials, photonics and quantum hardware, robotics and automation, agchem/technology, and deeptech.
The company aims to level up the UK deep tech landscape by leading the due diligence applied to potential investments in deep sciencethereby helping to de-risk early-stage investments for investors and co-investors. The UK Business Investment Region Angel Program awarded £5m to the fund, with the remaining £3.25m provided by other investors.
Co-founders and emerging investors Dr Jonathan Matlock (PhD Chemistry) and Dr Ben Miles (PhD Physics) have a proven track record of deep science expansion and investment in the UK. They met in 2016 at his University of Bristol spin-out company Ziylo, where they were part of the core scientific team. Ziylo was then acquired by Nordisk in a deal worth more than $800 million. This is one of his largest acquisitions for a UK spin-out company.
Dr Jonathan Matlock commented on this funding: “We want to support the most innovative and forward-thinking startups that address the needs we will face in the future, such as climate change, dwindling resources, and accessible healthcare, as well as those that create new markets. We believe in the potential of technology that no one has seen before. We believe that by combining our experience and connections, we can help these startups achieve maximum positive impact. looking forward to it.”
Dr Ben Miles said: “We are looking at entirely new technologies driven by basic research. These startups have incredible potential, but it takes hard work and value to assess their value early on. It’s very difficult and it’s having a negative impact on the whole UK ecosystem. We’re working on that issue.We position ourselves in the market by validating and funding the most exciting and novel technologies from the outset, and drawing on our own experience to help founders on their journey to successful and important companies. Establish. ”
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