Cambridge Future Tech (CFT) announces the close of its latest funding round to rapidly scale its innovative deep tech venture platform, accessing novel and disruptive technologies from a host of UK-based universities. A number of investors from around the world participated in the seed round, including US-based Vest Coast Capital.
鈥淕iven the attractive pipeline of innovative technologies already identified and a well-defined model for commercialization, we鈥檙e thrilled to invest in the team at CFT and the purpose-driven founders they support鈥�, says Robert DiFazio, Partner at Vest Coast Capital.
With four ventures already underway and plans to co-found another six by the end of 2023 alone, the capital infusion will allow the venture builder to grow their team at the Bradfield Centre in the Cambridge Science Park and develop partnerships across the UK.
鈥淲e are really excited to work with experienced global investors with deep insights and wide networks, aiding us to support our ventures鈥� says Xavier, COO at Cambridge Future Tech.
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By partnering with world-class academic talent and research – initially around Advanced Materials, Robotics and AI – CFT is well-positioned to commercialize new technologies and implement effective go-to-market strategies.
鈥淎s an academic founder, it is indeed a great experience working with the co-founders from CFT鈥� says Dr. Liz Zijing Li, Chief Scientific Officer at Mimicrete and PhD from University of Cambridge. 鈥淭hey鈥檝e supported us in getting the self-healing concrete technology ready for the market鈥�.
鈥淓arly-stage and building the essential foundation for new spin-outs is the most difficult time for new companies; Cambridge Future Tech is providing foundation stones to spin-outs in our cluster and is a welcome addition to it.鈥� Says Chris Gibbs, Investment Manager (Physical Sciences), Cambridge Enterprise.
鈥淐ambridge Future Tech fits perfectly into the Cambridge ecosystem鈥� says Dr Rebecca Myers, Head of Education at CJBS Entrepreneurship Centre at University of Cambridge 鈥渢hey bring tangible resources to deep tech entrepreneurship鈥�.
