Companies in University of Bristol’s branch of the enterprise partnership have raised a record $133m in 2021, including $105m of that secured by spinouts.

The portfolio of SETsquared Bristol, the University of Bristol incubator of enterprise partnership SETsquared, has revealed record investment raised in 2021 totalling £98.8m ($133m at current exchange rates).

Out of that total, £77.9m ($105m at current rates) went to spinouts from the university. The majority of this was secured by Ultraleap, the mid-air haptics technology developer that pocketed $81m in series D financing in November 2021.

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).