Fundraising Fox

Innovate UK

Government fund

London · Pre-Seed–Seed

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Investment thesis

Innovate UK is the UK's government-backed innovation agency operating under UK Research and Innovation. It supports innovative deep tech businesses in the UK's priority sectors, aiming to help companies grow and drive national economic and technological development.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
HQ
London, GB
Instruments
Debt · Grants
Tracked investments
10

Founder mafia

2 people who came through Innovate UK went on to found or lead other companies.

What they invest in

from 10 of 10 portfolio companies

AI & Machine Learning ×4Cleantech ×4New Materials ×4Climate Tech ×3Deep Tech ×3Biotech ×2Digital Health ×2Enterprise Software ×2

HQs:United Kingdom×7Italy×1

Investments · 10 tracked

founders shown can be your intro path

By year:2024 · 12023 · 12 dated

Albothermalbotherm.comin✓ verified

Albotherm develops a heat-activated coating for adaptive glazing that changes transparency in response to temperature, validated in commercial greenhouse trials and in development for the built environment, energy, and mobility surfaces.

AgTechCleantechClimate TechDeep TechNew MaterialsBristol, GB

Siân Fussell(Co-founder & CTO)Molly(Co-founder & CEO)

Co-investorsCambridge Angels groupOxford Investment Opportunity Network (OION)Sustainable Ventures

Figura Analyticsfigura-analytics.co.uk✓ verified

Figura Analytics develops platform technology for the characterisation of nanomaterials, biomarkers, pharmaceuticals, and environmental pollutants.

AI & Machine LearningBiotechDeep TechNew MaterialsUK, GB

Dr Mark Platt(Co-founder)in

Co-investorsSFC CapitalOxford Investment Opportunity Network (OION)

Matohamatoha.com✓ verified

Matoha develops infrared sensor and AI-based devices that identify the composition of textiles, plastics, and flooring materials.

AI & Machine LearningHardwareNew Materials

Co-investorsBritish Design FundConduit Connect

Milbotixmilbotix.comin✓ verified

Milbotix develops AI-enabled wearable sensors embedded in everyday clothing, particularly SmartSocks®, that capture real-time physiological data like pulse, temperature, sweat, and motion for use in research, healthcare, and social care settings.

AI & Machine LearningDigital HealthHardwareBristol, GB

Co-investorsBritish Design FundTwo Magnolias

Minimassminimass.netin✓ verified

minimass™ is a patented family of prefabricated concrete structural elements (beams, frames and slabs) that combines 3D concrete printing with post-tensioned steel to cut material use, cost and embodied carbon versus conventional concrete or steel structures.

CleantechClimate TechConstruction Tech

Andy Coward(Founder & CEO)Sarah Blake(Commercial Director & Co-founder)

Co-investorsSustainable Ventures

Naturbeadsnaturbeads.comin𝕏✓ verified

Naturbeads develops biodegradable cellulose microspheres to replace microplastics in consumer products such as cosmetics and paints.

Circular EconomyCleantechNew MaterialsItaly, IT

Janet Scott(Co-founder)Davide Mattia(Co-founder)inGiovanna Laudisio(Co-founder)in

Co-investorsCDP Venture CapitalEos AdvisoryRegeneration.VC

eTEUeteu.co.ukin𝕏

eTEU provides software and digital services for international supply chain and logistics operations.

Enterprise SoftwareLogistics & Supply ChainMobility & TransportationSaaSLondon, GB

Eduard Oboimov(CEO)inKristian Volohhonski(COO)inMarkkus Millend(CTO)inValentyne Kutateladze(CBDO)inMykhaylo Lepekha(Head of Sales)in

Co-investorsJenson VenturesTechstars

Holly Healthhollyhealth.ioin𝕏Dec 2023

Holly Health provides a mobile app that delivers personalised, evidence-based lifestyle coaching to help adults build and sustain small daily habits across nutrition, sleep, movement, mental wellbeing and relationship with food for disease prevention.

Digital HealthMental HealthWellness & Fitness

Co-investorsVery Serious VenturesNorthInvestPlug and Play Ventures

Mocean Energymocean.energyin

Mocean develops offshore renewable power systems that combine wave, solar, and energy storage to deliver clean electricity for subsea assets, serving operators in offshore energy and carbon capture and storage (CCS) sectors.

CleantechClimate TechEnergyEdinburgh

James Cameron McNatt(Director)Andrew Coleman(Director)

BoardChristopher Heinz Retzler(Director)Torger Skillingstad(Director)Iain Sinclair(Director)Lynne Ross(Director)

Co-investorsEquity Gap

ReactWisereactwise.comin𝕏Sep 2024 · $3.4M

ReactWise develops AI tools for chemistry and chemical engineering, enabling researchers and engineers to accelerate molecular discovery and reaction optimization.

AI & Machine LearningBiotechDeep TechDeveloper ToolsEnterprise SoftwareLondon, GB

Alexander Pomberger(Founder)inDaniel Wigh(Founder)in

Co-investorsY Combinator

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Innovate UK invest at?
Innovate UK invests at the Pre-Seed, Seed stages.
What sectors does Innovate UK focus on?
Innovate UK focuses on Advanced Manufacturing, Climate Tech, Deep Tech, Energy.
Where is Innovate UK located?
Innovate UK is headquartered in London, GB.

Images

Innovate UK photo

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