Company A
Advanced materials. University spinout, 14 staff.
- Funding
- £640k across three public awards since 2021. Current project ends March 2027.
- Last priced round
- £600k, June 2023. Implied value about £4.2m at the time.
- Last accounts
- Net assets £280k at March 2025.
- IP
- Core patent filed by the university. Lead inventor is a director.
- Licence
- Exclusive option agreed. Full terms due by December 2026.
- Raise
- Seeking £1.2m from spring 2027 to fund pilot production.
Worth meeting now, before the round opens. Check the licence terms first.