Led · Equity · Oct 2025

aXenic Ltd is a UK company specialising in the design, development and production of lithium-niobate optical modulators that enable high-speed data transmission for Low Earth Orbit (LEO) satellite constellations, aerospace and defence applications. Its modulators are already deployed by major European satellite and aerospace manufacturers, international space agencies and newer entrants in the global sat-comms market. The firm positions its technology as lighter, more power-efficient and more reliable than legacy solutions, critical attributes for LEO satellites. Led by CEO Stephen Clements, aXenic intends to use newly secured capital to expand manufacturing operations and accelerate product development. Although revenue and user figures were not disclosed, the presence of established industry customers signals early commercial traction. The company’s strategy centres on scaling production capacity to meet growing demand from next-generation satellite networks and adjacent sensing markets. Continued investment in R&D is expected to maintain its technological edge and broaden its product portfolio.

Participated · Equity · Nov 2024

PervasID is a Cambridge, UK-based company that designs and supplies passive RFID fixed reader systems for automating inventory tracking, stock taking and asset management. Its patented products enable organisations to provide visibility into goods, assets and people and streamline processes across a wide range of markets. The company is working with global retailers and businesses within the aerospace, health and manufacturing sectors to deliver real-time inventory location tracking across multi-country infrastructures. Led by CEO Peter Oram, PervasID combines hardware solutions with a software product offering in data analytics. The company intends to use the £3.25M funding to expand its customer base following increasing demand from large customers in retail and aerospace and to enhance its data analytics software to complement its hardware. The article does not disclose operating metrics such as revenue or user counts. PervasID developed a patented passive RFID technology, pioneered at the University of Cambridge, that enables highly reliable reading of standard passive RFID tags with almost 100% detection. Its system provides location information across wide-area read zones, can scale to cover shops and warehouses, and can integrate with alarm systems to help detect theft. The company sells to corporate customers and now counts over 30 corporate clients using its technology. PervasID plans to use new funding to grow its delivery team and expand into healthcare, retail and industrial sectors while continuing product innovation. The business is based at St John’s Innovation Centre in Cambridge and was founded in 2011. Since an initial funding round in 2016 it has expanded its product offering and market applications. PervasID develops a passive UHF RFID reader technology that reliably reads standard off‑the‑shelf passive UHF RFID tags and can provide location information within a wide-area read zone. The company's system achieves almost 100% detection over areas up to 400 square meters and can scale to larger spaces such as shops and warehouses. PervasID has significant commercial engagement across retail, security and logistics sectors. The company plans to accelerate its sales pipeline and to develop next‑generation products. Leadership says the recent funding will enable delivery on short‑term sales opportunities and take the business to the next level.