Participated · Equity · Nov 2025

Edinburgh-headquartered Rhizocore Technologies develops and supplies carefully selected, locally adapted mycorrhizal fungi—in pellet form—to accelerate tree establishment and boost survival rates across diverse environments, including clear-felled forests, former agricultural land, moorlands, reclaimed mining sites and high-altitude terrain. Operating on more than 100 active field sites, the biotech company’s “data-driven, nature-first” approach taps into fungi’s below-ground fertilisation capabilities to deliver measurable growth enhancements for forestry customers. The technology has attracted customers such as Forestry and Land Scotland and The Grosvenor Estate, two of whom also became investors in the latest round. Rhizocore plans to use its proprietary fungi solutions to unlock large-scale restoration and improve the economic returns of land assets by enhancing soil biology. With fresh capital, the firm will scale production capacity at its Roslin facility and expand into North America, where 1.4 billion trees are planted each year. The company’s growing multi-year order book across the UK and Europe underlines early commercial traction, although specific revenue or user figures were not disclosed.

Participated · Equity · Jun 2023

Commonplace is a London-based provider of a digital citizen engagement platform that helps place and infrastructure developers, local government, architects and consultancies collect data from residents, businesses and other stakeholders. Led by CEO Mike Saunders, the platform is used for urban regeneration, high streets, housing developments, pedestrian and cycling schemes and major infrastructure projects. The company says the platform enables customers to understand local aspirations and concerns and create places that respond better to those needs. Commonplace has powered more than 3,000 projects for 200 councils and real estate developers and has engaged more than 6.5 million people across the UK. Its user-friendly, insights-based online platform is used by the cities of London, Leeds and Liverpool and developers including Lendlease, Landsec and Barratt Homes. The company has also deployed the platform internationally across North America, Europe, the Middle East, South Asia and Australasia and intends to use the new funds to accelerate its continued expansion. Commonplace operates an app and website that allows residents to comment on their local environment, rate areas, respond to comments and be consulted on planning and building works. The platform is designed to help housing associations and local authorities include residents in community regeneration and local developments. By logging in, users can provide feedback that commissioners—local authorities, developers, community groups, transport operators and housing associations—can use in decision-making. Led by founder and CEO Mike Saunders, Commonplace is being used in twenty communities. The company received external funding to support its growth and deployments in civic and development projects.

Participated · Series A · May 2023

Qflow provides a platform that lets construction teams capture photos of receipts and collect real-time materials and waste data to track cost, quality, and carbon inputs and outputs. The product is positioned to help construction firms decarbonize by making material flows and carbon impacts more transparent and actionable. Qflow says clients include Berkeley Group, Canary Wharf Group, Grosvenor, Landsec, Morgan Sindall, Multiplex, Workplace Futures and others. The company plans to use its new funding to fuel growth in the U.S. and Australia. Qflow was founded in 2018 by Brittany Harris and Jade Cohen, who have construction industry experience and met volunteering for World Merit.

Participated · Series C · Jul 2022

Meati Foods produces whole‑cut meat alternatives—cutlets and steaks—made from mycelium, which the company says is non‑GMO and derived from nature. The company has rapidly expanded retail distribution to nearly 7,000 U.S. stores in just over a year, adding 2,000 locations and planning entry into Kroger family stores by April, with placements at Super Target, Whole Foods Market, Sprouts, Meijer and Wegmans. Production is centered on a 100,000‑square‑foot “Mega Ranch” facility that is fully operational and capable of producing at a rate of tens of millions of pounds annually, with an estimated full capacity of about 45 million pounds per year. Meati has funneled much of its investment into scaling that facility to support continuing rapid growth. Leadership has shifted recently: co‑founder Tyler Huggins stepped down as CEO to transition into an innovation/advisory role, and former CFO Phil Graves is now CEO. The company also reduced headcount by about 13% amid these changes. Meati Foods manufactures whole-food protein using the structural fibers of mushrooms (mycelium) and sells under its Eat Meati product line. Its Mega Ranch is a 100,000-square-foot facility in Colorado that grows, harvests and processes mycelium under one roof. The site is expected to produce an annual rate of tens of millions of pounds by late 2023 and more than 45 million pounds when fully ramped. Current SKUs include Classic Cutlet, Crispy Cutlet, Classic Steak and Carne Asada Steak, sold through retail and foodservice partners such as Sprouts Farmers Market, Sweetgreen and Birdcall, plus direct online drops. Meati says its pipeline is largely pre-sold and plans to be in 7,000 doors by year-end; management projects tens of millions in revenue this year and hundreds of millions in 2024, targeting a $1 billion run rate by 2025. The company is also scouting a larger "Giga Ranch" flagship facility to scale production into the hundreds of millions of pounds annually. Meati produces whole-cut meat alternatives made from mycelium (mushroom root) sold under the Eat Meati brand. Its products are ~95% mushroom root and contain up to 17 grams of protein, 12 grams of dietary fiber, plus zinc and vitamin B12. The company has moved from mostly online sales to a retail debut in restaurants across Colorado and Arizona and reports multiple months of record online sellouts. Headcount has grown from about 30 employees in 2021 to roughly 150 today. Meati is completing a >100,000-square-foot "Mega Ranch" in Colorado that will be capable of producing over 45 million pounds of product and is breaking ground on a larger "Giga Ranch" designed to produce hundreds of millions of pounds annually. Management aims for placement in 10,000 retail doors by the end of 2023 and a $1 billion revenue run rate by 2025. Meati Foods develops whole-cut alternative meats using mycelium — the muscular root structure of fungi — as its single main ingredient. The company has a proprietary process to cultivate its mycelium strain and form naturally fibrous textures into products without chemicals or heavy processing. Meati is developing whole-cut items including chicken breasts, steak and jerky (in final stages) and plans future products such as pork tenderloin and deli meats. Leadership includes CEO Tyler Huggins and CTO Justin Whiteley. The company touts production-scale efficiencies, saying its process can yield the meat equivalent of 4,500 cows every 24 hours while using less than one percent of the water and land of conventional industrial meat. Meati is scaling production capacity via its nearly 80,000 sq. ft. “Urban Ranch” facility, which it said could produce millions of pounds by 2022. The company plans to use recent funding to accelerate scaling, launch products nationally, and more than double its team. Meati converts mycelium (the structural fibers of fungi) into whole-cut steak and chicken replacements and is launching a mycelium jerky as its first commercial product. Co-founders Tyler Huggins and Justin Whiteley lead a team of about 30 people as the company prepares samples for select restaurants and plans to turn on a pilot plant this summer. The company highlights nutritional benefits — claiming about 2 ounces provides 50% of protein, 50% of fiber, and half of daily zinc — and positions its products as better-for-you alternatives to conventional meat. Meati intends to target everyday and quick-serve meat cuts rather than high-end steaks and says its future products will be cost-competitive with beef and chicken. Financially, Meati has raised equity and secured debt capacity to scale production, and cites culinary investors and partners as strategic supporters. The founders trace the pivot to food back to a grant for a mycelium-based electrode that revealed the material’s edible potential.

Participated · Series A · Mar 2022

Dayta AI, founded in 2018 and based in Hong Kong, provides Retail Analytics SaaS leveraging existing cameras, cloud computing, machine learning, and big data to generate behavioral insights. Its flagship product, Cyclops, is used across retail stores, shopping malls, supermarkets, airport lounges, and restaurants and serves clients in Hong Kong and the Asia Pacific region. The company recently released Cyclops v4, which improved algorithm quantization, expanded quality datasets, and enhanced infrastructure scalability to boost model performance and stability. Dayta positions its product to help brick-and-mortar retailers optimize sales, traffic, and operations through computer vision and business intelligence. The company plans to use new funding to further optimize cloud infrastructure, develop new AI models, and fuel overseas expansion. Dayta AI offers Cyclops, a cloud-based SaaS smart retail solution that connects to RTSP-compatible and IP cameras to collect and analyze in-store video. Cyclops analyzes thousands of videos daily to provide traffic, behavioral, demographic, KPI, heatmap and predictive analytics. The platform supports over 95% of cameras, is plug-and-play and deployable remotely so retailers can use existing hardware without upfront replacement costs. Cyclops emphasizes privacy by not storing faceprints and operating in compliance with GDPR while producing executive reports and actionable insights across marketing, operations, strategy and leasing. The underlying proprietary AI algorithm is trained on retail data to improve accuracy. Dayta AI recently raised funding to accelerate research & development and optimize overseas expansion.