This is the November edition of our spinout tracker (you can access previous months here). The list is updated weekly throughout the month.
We welcome submissions from tech transfer offices with information on their latest spinouts.
If you would like one of your portfolio companies considered for inclusion in a future list, please send us an email. Eligible companies must be early-stage. However, they need not have raised capital yet and can use this list to advertise that they are open to investors.
| Added | Company | University | Location | Sector | Technology | Round | Amount ($m) | Investors | Amount ($m) |
|---|---|---|---|---|---|---|---|---|---|
| 05/11/2024 | 4Tissue | Ghent University Hospital | Belgium | Health | products and services for tissue reconstruction and regeneration | Seed | 2.2 | Annemie Van de Casteele; Griet Nuytinck; Virginie Saverys | $0 – $5m |
| 06/11/2024 | Forefront RF | University of Bristol | UK | Telecoms | technology to overcome printed circuit board size limitations in mobile devices while supporting more frequency bands | A | 20.6 | Cambridge Innovation Capital; BGF; Foresight Group; Octopus Ventures | $20.1m – $25m |
| 08/11/2024 | iFast Diagnostics | University of Southampton | UK | Health | tests to determine the most effective antibiotics in under three hours | Seed | 6.5 | KHP Ventures; Qantx; Future Planet Capital (UKI2S); Kadmos; EInk, RAW Ventures; OKG Capital; unnamed angel investors | $5.1m – $10m |
| 18/11/2024 | SeaO2 | Delft University of Technology | Netherlands | Cleantech | removes carbon dioxide from ocean water through direct ocean capture technology | Seed | 2 | DEON Participaties B.V.; NEW-TTT fund; Future Tech Ventures; CarbonFix | $0 – $5m |
| 18/11/2024 | Mintneuro | Imperial College London | UK | Health | semiconductor technology for mininally invasive neural implants | Undisclosed | 1.3 | Empirical Ventures; Parkwalk Advisors; Imperial College London; Plug & Play; Excellis Holding | $0 – $5m |
| 18/11/2024 | Trace Neuroscience | University College London | UK | Health | developer of therpaies to restore UNC13A protein function for the treatment of motor neurone disease | Series A | 101 | Third Rock Ventures; Atlas Venture; GV; RA Capital Management | $100.1m – $110m |
| 18/11/2024 | Mona AI | Saarland University | Germany | Information Technology | platform that uses AI to automate recruitment | Seed | 2.1 | Earlybird | $0 – $5m |
| 18/11/2024 | Naturbeads | University of Bath | UK | Cleantech | developer of biodegradable cellulose microspheres to replace microplastics | Series A | 9.8 | Eos Advisory; MITO Tech Ventures; CDP Venture Capital; PI-NB; Paragon Capital Management | $5.1m – $10m |
| 18/11/2024 | Silveray | Surrey University | UK | Health | developer of a material that converts x-rays into digital x-ray images | Seed Extension | 5 | Northern Gritstone; ACF Investors; Empirical Ventures; Deeptech Labs; Hamamatsu Ventures | $0 – $5m |
| 18/11/2024 | Ionkraft | RWTH Aachen University | Germany | Cleantech | plasma-enhanced chemical vapour deposition coating technology to make plastics fully recyclable | Undisclosed | 3.7 | M-Ventures; TechVision Fund; High-Tech-Gruenderfonds | $0 – $5m |
| 18/11/2024 | XELA Robotics | Waseda University | Japan | Industrial | integrates sensors onto robotic hands and grippers for advanced tactile sensing capabilities | Undisclosed | Undisclosed | FSR | Undisclosed |
| 18/11/2024 | M-Spin | Imperial College London | UK | Industrial | developer of metallic and ceramic mats with greater surface area than other technologies which improves performance of electrolysers, batteries and fuel cells | Seed | 1.5 | Parkwalk Advisors; Imperial College Enterprise Fund | $0 – $5m |
| 26/11/2024 | Spectroplast | ETH Zurich | Switzerland | Industrial | silcone 3D printing technology | Series A | Undisclosed | HZG Group; AM Ventures | Undisclosed |
| 26/11/2024 | Calvin Risk | ETH Zurich | Switzerland | Information Technology | technology to help companies deplly AI safely and manage risks through automated testing and quantative risk assessment | Seed | 5 | JoinCapital; seed + speed Ventures | $0 – $5m |
| 26/11/2024 | EECOMOBILITY | McMaster University | Canada | Information Technology | AI software that tests and monitors EV car batteries | Seed | Undisclosed | RiSC Capital; Automotive Ventures, Emerson Ventures | Undisclosed |
| 26/11/2024 | BiocSol | UCLouvain | Belgium | Industrial | develop of microbial-based biopesticides for agriculture | Seed | 5.5 | Agri Investment Fund; VIVES IUF; Invest.BW; IMEC Spinnova | $5.1m – $10m |
| 26/11/2024 | Fox Inc | Tohoku University | Japan | Information Technology | developer of energy efficient gallium oxide power semiconductors | Undisclosed | Undisclosed | Macnica Investment Partners; Iwatani Venture Capital | Undisclosed |
| 26/11/2024 | Dannce.ai | Harvard University | US | Health | digital phenotyping platform for the treatment of neurological illnesses | Pre-seed | 2.6 | LDV Capital; Glasswing Ventures; The Leo Lion Company; Duke Capital Partners; Merck Digital Sciences Studio | $0 – $5m |
| 26/11/2024 | PervasID | University of Cambridge | UK | Industrial | radio frequency indentification technology for automating inventory tracking | Undisclosed | 4 | Parwalk Advisors; NPIF II Maven Equity Finance; Finance Durham Fund | $0 – $5m |
| 26/11/2024 | Diffblue | University of Oxford | UK | Information Technology | fully auronomous AI-for-code software | Undisclosed | 6 | IP Group; Parkwalk Advisors; AlbionVC; Oxford Technology and Innovations EIS Fund; Citi Institutional Strategic Investments | $5.1m – $10m |
| 26/11/2024 | Exciting Instruments | University of Sheffeild | UK | Information Technology | platform for single-molecule detection that can be used for drug development and clinical diagnostics | Seed | 5 | Northern Gritstone; Empirical Ventures; NPIF II – Praetura Equity Finance | $0 – $5m |
| 26/11/2024 | Watercycle Technologies | University of Manchester | UK | Industrial | mineral recovery systems for the extraction of valuable high-purity products and clean water | Series A | 5.6 | Par Equity; Greater Manchester Combined Authority; Aer Ventures; University of Manchester Innovation Factory | $5.1m – $10m |
| 26/11/2024 | Apini | University of Manchester | UK | Health | preclinical stage biotech company developing therapeutics for inflammatory diseases | Undisclosed | 15.7 | Syncona Ltd. | $15.1m – $20m |
