Participated · Seed · Feb 2025

Fuse Vectors develops an infinitely scalable, cell-free manufacturing platform for viral vector–based gene therapies, focusing on Adeno-Associated Virus (AAV) vectors. Its enzymatic AAV capsid filling process eliminates cell-based AAV production and uses a module library to store components for on-demand, controlled biocatalytic reactions. The technology is designed to reduce production time and costs while improving vector quality and working across all serotypes. Founded in 2022 and based in Copenhagen, the company is currently in alpha testing and collaborates with more than half a dozen partners, from academic groups to pharmaceutical companies. Fuse plans two commercialisation strategies: partnering with pharmaceutical companies, biotech firms, and academic institutions, while advancing its internal platform and pipeline of novel gene therapies.

Participated · Seed · Dec 2022

Phlux Technology designs, manufactures and markets 1550 nm infrared (IR) sensors, including its Noiseless InGaAs® Avalanche Photodiodes (APD), which the company says detect signals at up to 50% greater distance for range finders, LiDAR systems and optical fibre test equipment. Its sensors are offered as bare die or in industry-standard surface-mount or wire-ended packages that can be retrofitted to existing systems. The company is based in Sheffield and was founded in 2020 as a spin-out from the University of Sheffield by Ben White (CEO), Jo Shien Ng and Chee Hing Tan. Phlux’s technology is antimonide-based semiconductor technology, and the firm intends to use the new funding to drive expansion into the optical communications and sensing markets. Financially, Phlux raised a £9M funding round in March 2025 led by BGF, and previously raised a £4M seed round led by Octopus Ventures in December 2022. The company’s current plans focus on commercialising its APD sensors and expanding market reach in sensing and optical communications. Phlux Technology designs infrared sensors and a LIDAR receiver chip using antimonide materials. The company is building integrated subsystems and array modules to offer a high-performance sensor toolkit. Its sensors target applications beyond LIDAR, including satellite communications, enabling internet in remote regions, fibre telecoms, autonomous vehicles, gas sensing and quantum communications. Phlux is a spin-out of the University of Sheffield and is based in Sheffield, a leading centre for III‑V semiconductor research with access to the National Epitaxy Facility. The company was founded by Ben White (CEO), Professor Jo Shien Ng and Professor Chee Hing Tan. It intends to use the funds to accelerate growth and expand operations.

Participated · Equity · Jun 2022

Aloxy develops plug-and-play Industrial IoT technology and a valve monitoring system combining wireless sensors (LPWAN/LoRaWAN) with its Aloxy IIoT Hub platform to manage device fleets and feed sensor data to clients. Launched as a 2018 spin-off from imec and the University of Antwerp, the company focuses on chemical and energy customers, with early demand from Europe followed by the US and interest in South America and Asia. Product offerings include an annual valve monitoring system and continued prototyping of Aloxy.Connect to integrate PT100 temperature and 4-20 mA probes. Planned product work includes launching Ex-certified (explosion-proof) wireless sensors and expanding the Aloxy IIoT Hub to support third-party sensors and multiple network protocols. The company is pursuing certifications including ISO27001 and country-specific Ex certifications to accelerate industrial adoption. Aloxy says it will grow its European and US sales teams as part of its scale-up strategy.

Participated · Seed · Jan 2022

Timeseer builds an AI-powered time-series data observation platform that aims to detect, surface and reduce unreliable time-series and IoT data. The company emphasizes the temporal aspect and metadata of time-series data, arguing that it requires a specific DataOps approach. Founded in late March 2020 and based in Hasselt, Belgium, the founding team cites 80+ person‑years of experience in the time‑series domain. Timeseer highlights industry metrics—roughly 20% of IoT data is unreliable and poor data quality can translate into about 6% of total revenue—to motivate its product. Despite operating in stealth initially, it already works with more than a dozen Fortune 5000 companies across multiple verticals. The company plans to use its seed funding to further develop the platform, push into the North American market, and cement its position as a market leader in time-series data reliability.

Participated · Equity · Oct 2021

Available reporting confirms Daphne Technology recently raised CHF 15 million from investor Taranis. Beyond the financing announcement, public details about the company’s products, services, operating metrics, or plans were not provided in the accessible report. The source article is behind a membership paywall, limiting disclosure of additional company information. No information on revenue, users, founding year, or location was included in the accessible portion of the report.