Innovate UK β 2026 Investments
7 investments dated 2026 Β· listed companies and verified rows first Β· show all
Dragonfly is a crypto-focused investment firm comprising Dragonfly Ventures, Dragonfly Liquid, and Metastable (an acquired crypto hedge fund), which invests in blockchain and digital asset companies.
Crypto & Web3
Co-investorsMetastableMirana VenturesDreamcraftPortfolio Ventures
soloMER anti-inflammatory drug designed to be delivered to specific sites in the body.
Aberdeen, GB
Professor Caroline Barelle MBA(Founder & Chief Executive Officer)Professor Andy Porter FRSB, FRSE(Co-founder & Chief Technical Officer)Dr Obinna Ubah(Founding member; Autoimmunity/Immunology Lead)
Co-investorsDeepbridge CapitalScottish National Investment BankScottish EnterpriseScottish Investment Bank
Gnosis Health builds longitudinal clinical intelligence tools that provide continuous, individualised care between medical appointments, focused on chronic disease management.
AI & Machine LearningDigital HealthHealthtechNewcastle upon Tyne, GB
Co-investorsNorthstar VenturesSFC Capital
Neuronostics develops BioEP, software that applies digital analysis of background EEG to generate biomarkers supporting epilepsy diagnosis for clinicians and neurology services.
AI & Machine LearningDigital HealthMedical Devices
John Terry(Founder)in
Co-investorsNew Wave VenturesThe FSE GroupAscension VenturesBritish Business BankEmpirical Ventures
Phast produces PHA (polyhydroxyalkanoate) materials through natural fermentation that are bio-based, biodegradable, and break down without leaving microplastics, targeting high-value applications in dental and personal care products.
Circular EconomyCleantechNew Materials
Andrea Mele(Founder)in
Co-investorsCambridge Angels group
PlantSea develops seaweed-based packaging materials as an alternative to single-use plastics.
Circular EconomyCleantechClimate TechNew Materials
Rhiannon Rees(Co-Founder & CEO)inAlex Newness(Co-Founder & COO)
Co-investorsSustainable VenturesSFC CapitalAngels Invest Wales
PolyBox is an AI-assisted marketing reporting platform that connects to over 700 data sources (including Google Ads, Meta Ads, Google Analytics, and HubSpot) to automatically generate interactive reports with pre-built KPIs, forecasts, and performance summaries.
AI & Machine LearningMarketing TechSaaSNewcastle, GB
Co-investorsNorthstar Ventures
Rows marked βSEC filingβ are inferred from directors named on the company's SEC Form D β public regulatory data, not a portfolio list published by the firm.


















