Foresight WAE Technology
Oxford Spires Business Park, The Boulevard, Kidlington, Kidlington, Oxfordshire, OX5 1GB, United Kingdom
Overview
Foresight WAE Technology provides world-class technical innovation, engineering, testing, and manufacturing services to customers in order to deliver energy-efficient performance.
- Total investments
- 3
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Autonomous Vehicles
- Machinery Manufacturing
Investment portfolio
- Nebu~Flow
Participated · Equity · Apr 2024
Nebu-Flow develops a nebulizer platform intended to improve inhaled drug delivery, claiming advantages over existing technologies. The company is positioning its platform for inhalation delivery of RNA-based formulations and says it enables targeted delivery to the lungs, cardiovascular and central nervous systems. Partners in the UK and North America are trialling the product as Nebu-Flow prepares for regulatory approval. The announcement cites the global inhalable drug market at roughly $33 billion in 2023 and the nebulizer market at over $1 billion. Nebu-Flow is a former spinout from the University of Glasgow and is based in Glasgow, Scotland. The company recently won a £1m Innovate UK project and the Institute of Physics Business Start-up Award, and is preparing for final product development and commercialization. Nebu~Flow develops a next-generation nebuliser designed to improve delivery of respiratory pharmaceuticals, including drugs that are hard to nebulise such as biologics. The company was spun out of the University of Glasgow and co-founded by CEO Dr Elijah Nazarzadeh, who led the underlying research. Nebu~Flow positions its device against a global nebuliser market valued at over $1 billion and the wider inhalable drug market estimated at over $43bn in 2022. Management says the technology could enable delivery of cutting-edge treatments, including gene therapies, and improve outcomes for conditions like cystic fibrosis and COPD. The company plans to commercialise its technology and hire additional scientific, research, product design, and developer staff this year. Dr John Pritchard was recently appointed chair to support product delivery and market entry.
- VyperCore
Participated · Seed · Apr 2023
VyperCore develops processor designs that accelerate existing compute workloads without requiring application rewrites by defining an object-based view of memory inside the core. Its technology aims to both boost data‑centre compute performance and block memory‑oriented attack vectors such as memory leaks and buffer overflows. The company’s first‑generation hardware will be RISC‑V based and is intended for sampling with partners in an Early Access Program in Q3 2024. VyperCore plans to use its newly raised funds to open design centres in Cambridge and Bristol and to develop its first generation of accelerated compute silicon. The startup raised £4M in a Seed funding round and lists Octopus Ventures, Foresight WAE Technology, Science Creates Ventures, British Growth Fund and Silicon Roundabout Ventures as backers. VyperCore was founded in 2022 by Ed Nutting and Russell Haggar and is based on University of Bristol research into CPU acceleration.
- Mixergy
Participated · Equity · Mar 2023
Mixergy develops grid-connected smart hot water tanks that act as distributed energy storage, optimizing energy use and enabling better integration of renewable power. Its technology is said to cut hot water bills substantially (the article cites reductions up to 60% in one place and up to 40% for its top-down heating approach). The company offers hardware, software and a Mixergy App that uses machine learning to optimise consumption, and has an integrated hot-water heat pump with regulatory approval. Mixergy plans to pivot toward a technology-licensing and strategic-partnership model focused on new builds, social housing retrofits and commercial properties, and to expand R&D capabilities. It has partnerships with energy companies including British Gas and targets social housing providers, property developers, energy utilities and HVAC OEMs. The company positions its tanks to store cheap or excess renewable energy and ease grid pressure during peak demand, supporting UK net-zero goals. Mixergy was founded at Oxford University and emphasizes reducing carbon emissions while cutting household costs. Mixergy is a Cassington, UK-based developer of smart and connected hot water tanks and home energy management technologies. The company holds a suite of IP around hot water heating, heat pump and home energy management, including a patented approach that exploits thermal stratification to heat only what users need. Its smart tanks enable households to save money and reduce their environmental impact. Mixergy also connects a decentralized digital network of tanks that can provide flexibility to the grid and support the clean energy transition. Led by CEO Peter Armstrong, the company plans to use new funds to open an R&D centre at its Oxfordshire headquarters, further develop its technology, and pursue international expansion beginning in Portugal. Mixergy raised £9.2M in the disclosed funding round. Mixergy develops residential smart hot water tanks that use machine learning and engineering to heat only the water a user needs. Its tanks can save residents up to 20% on hot water bills, provide up to 30% more usable hot water, and deliver hot water up to five times faster. The product is the first hot water product certified to deliver grid‑balancing services to the UK National Grid and can be controlled via sensors and software across a national network dubbed the “Internet of Tanks.” Mixergy is a 2014 spin‑out from the University of Oxford’s Energy and Power Group and has partnered with British Gas to launch and roll out products to households. The company says it plans to expand across the UK, Western Europe and North America and to leverage low‑cost manufacturing supply chains to address a global market.
Team
No current team members are available.