Participated · Series B · Oct 2025

Chemify is a Glasgow-based deep-tech company that integrates artificial intelligence, advanced robotics, and a large vetted reaction library to design and synthesize novel molecules directly from digital code. Its core Chemputation platform enables closed-loop, automated structure–activity relationship exploration, allowing rapid generation of drug-like compounds with high potency. Current work focuses on partnering with drug discovery groups such as Lgenia to create small-molecule therapeutics for infectious diseases, notably tuberculosis. By turning chemistry into a programmable workflow, Chemify aims to shorten the time from concept to validated lead and to scale digital chemistry for medicines and advanced materials. The company was founded by chemist Lee Cronin and positions itself as a partner for pharmaceutical R&D teams seeking speed and reproducibility. Financially, Chemify has secured $3.2 million in non-dilutive grant funding from the Gates Foundation across two tranches, including a recent $1.6 million follow-on award, to advance its tuberculosis program.

Participated · Series B · Jul 2018

Undo builds deterministic program recording technology that captures complete execution history into self-contained recordings to give AI agents runtime context for diagnosing software failures across development, test, and production. The company says this runtime context improves AI model root-cause identification from 38% to 92% on a range of complex bugs and that customers report completing root-cause analysis up to 100x faster. Undo also reports that using its recordings reduces token usage when models solve problems and that its technology helps surface issues living in runtime state not captured by logs. Palo Alto Networks is cited as a customer that uses Undo to find root causes in minutes in large codebases. Undo plans to scale product development, customer support, and go-to-market teams across the US and Europe following the funding. The company was founded in 2012 and is based in Cambridge.

Participated · Series A · Jan 2017

Audio Analytic develops advanced, edge-based AI sound recognition that can be embedded into consumer devices to help them understand and react to contextual information provided by sounds. The company’s core platform comprises Alexandria™, a large commercial audio dataset with millions of taxonomically organised files and full data provenance, and AuditoryNET™, a highly-optimized deep neural network that models ideophonic features of sounds. Led by founder and CEO Dr Chris Mitchell, Audio Analytic is Cambridge, UK-based and also has offices in San Francisco. It has licensed its technology to major global brands including Hive, Iliad and Sengled. Strategic partners include Arm, Intel, Knowles, Ambarella, Ambiq, Vesper and Frontier. The company intends to use recent funding to invest in core technology and IP and to further extend the number of sounds and scenes its customers’ products can recognise. Audio Analytic develops ai3™, an artificial audio intelligence platform that enables devices to recognise significant sounds and take automated action. The company works with smart home OEMs and chip companies; a range of consumer devices containing ai3™ are already on the market and more were slated to launch in 2017. Founded in 2008, Audio Analytic is headquartered in Cambridge, UK, with an office in San Jose, CA. The business has commercial traction in the rapidly growing smart home market and plans to scale to meet OEM demand. The Series A funding will be used to double the team to 50 employees within 12 months and to introduce new sound profiles and features to the ai3™ platform. Audio Analytic positions its technology to enable applications such as recognising smoke and CO alarms, breaking glass, and a baby’s cry for smarter home responses.

Led · Seed · Oct 2015

Funderbeam is a Tallinn, Estonia–based platform that provides infrastructure for investor networks, accelerators and venture investors to manage syndicated investments, post-investment flows and cross-border secondary transactions. The company holds investment firm licences in the UK, Estonia (covering the EEA) and Singapore and was designated a Recognised Market Operator by MAS in September 2019, enabling it to offer a fully regulated exchange service worldwide. Led by founder and CEO Kaidi Ruusalepp, Funderbeam’s core product focuses on solving liquidity frictions in angel and venture markets. After the announced transaction with VentureWave, the company will expand to serve institutional clients including VC funds, family offices, brokers and investment banks. The platform combines trading and investment management features to facilitate secondary transactions across borders. No operating metrics were disclosed in the article. Funderbeam operates a secondary marketplace that enables trading of private-company shares to provide liquidity for accelerators, angel investors, and early employees. The platform pairs digital infrastructure with a legal framework and licensing to support global trading. Founded in 2013 by Kaidi Ruusalepp and Urmas Peiker, the company is building out product, compliance, and business departments to scale internationally. At the end of March Funderbeam closed a Tim Draper‑led $4 million financing round to drive platform development. As part of its growth strategy it is bringing institutional partners on board to accelerate deal flow and market reach. A recent partnership with Tallinn‑based B2B accelerator Startup Wise Guys is intended to funnel a large set of early-stage companies onto Funderbeam’s marketplace. Funderbeam operates an information and secondary trading marketplace that provides access and liquidity to growth-stage investments. The platform uses blockchain technology to power its ledger and applies a curated model where founders choose who can invest, supported by due diligence and lead-investor ambassadors. To date it has listed 37 high-growth portfolio companies, onboarded more than 10,000 verified investors across 119 countries, and seen $2.2 million of shares exchange hands on its secondary marketplace. Funderbeam recently launched in Scandinavia and the U.K. and has an office in Singapore as it targets further expansion into Asia and continental Europe. The company says it will use the Series A proceeds to develop a stronger secondary market offering and support growth in key markets starting from Singapore. Co-founder Urmas Peiker will leave to focus on capital markets in developing markets; Kaidi Ruusalepp is identified as the company's founder. Funderbeam is a Tallinn, Estonia–based stock exchange for startups that uses blockchain to tokenize investments. Founded in 2013 by Kaidi Ruusalepp and Urmas Peiker, it lets anyone invest and trade in growth companies worldwide. Each investment is tokenized, with tokens representing an owner’s rights in an investment syndicate, allowing companies to raise rounds privately or publicly while adding only one investor to their cap table. The platform has raised over €5m via its own platform and has secured $7.3M in funding to date from a global network of investors in nearly 100 countries. Notable backers named in reporting include Jaan Tallinn, Tim Draper and Taizo Son. Funderbeam works with early-stage companies worldwide to help them access growth capital and provide immediate liquidity to investors. Funderbeam is building a blockchain-based funding and trading engine aimed at creating a stock-exchange-like market for startups. The platform combines a research tool (launched in 2013) with an investment platform that enables primary funding and nascent secondary trading of private-company stakes. Its trading feature lets shareholders sell stakes either originally funded via the platform or those they have permission to trade, with an emphasis on cross-border liquidity and transparency. Kaidi Ruusalepp, formerly CEO of the Nasdaq Tallinn exchange, leads the company and frames blockchain as a transparency and trust layer for securities trading. To advance the vision, Funderbeam has secured external capital and backing from strategic and notable investors. Financially, the company has just raised $2.6 million in further funding to develop its platform and trading capabilities.