Empirical Ventures Secures £8.25M Funding for Deep Science

In a bid to support the growth of early-stage deep science startups, Empirical Ventures, founded by Bristol spinout Ziylo alumni, has secured £8.25m in funding for its S/EIS fund. The company aims to reach a total of £10M in funding to provide more resources and opportunities to these startups. Empirical Ventures’ products range from brain implants to robotic crop harvesters and vaccine temperature management, among others. The firm’s deep science criteria encompass various fields such as life sciences, advanced materials, photonics and quantum hardware, robotics and automation, agchem/tech, and deeptech.

The British Business Investments Regional Angels Programme awarded £5M of the fund’s total amount, with the remaining £3.25M coming from other investors. Co-founders Dr. Jonathan Matlock and Dr. Ben Miles are experienced investors with a history of scaling and investing in deep science in the UK. They initially met at Ziylo while working as part of the core scientific team before being acquired by Novo Nordisk for over $800 million.

Dr. Matlock expressed his excitement about the raise and emphasized the importance of supporting innovative startups that address future challenges such as climate change and healthcare accessibility.

“Empirical Ventures plays a crucial role in validating new technologies driven by fundamental research,” said Dr. Miles.

“Our aim is to help founders navigate their journeys towards success by providing them with access to resources and funding from an early stage,” he added.

Empirical Ventures plans to lead due diligence on potential investments in deep science, thereby reducing risk for investors and co-investors while elevating the UK’s deeptech landscape.

Overall, this investment marks an exciting milestone for Empirical Ventures as it continues to support the growth of innovative startups that drive progress towards a sustainable future.

By Riley Johnson

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