Advertisement: CJBS mid banner
Advertisement: S-Tech mid banner 3
Barr Ellison Solicitors – commercial property
Advertisement: RSM mid banner
Advertisement: Simpsons Creative
Advertisement: Kao Data Centre mid banner
Advertisement: partnersand mid banner
Advertisement: Cambridge Network mid banner
Advertisement: TTP
Advertisement: Excalibur Healthcare mid banner
Advertisement: SATAVIA mid banner
Cambridgeand mid banner advertisement
Advertisement: EBCam mid banner
Mid banner advertisement: BDO
Advertisement: Wild Knight Vodka
ARM Innovation Hub
Advertisement: Bar Ellison mid banner property
Advertisement: Mogrify mid banner
Advertisement: HCR Hewitsons mid banner
24 March, 2022 - 12:09 By Tony Quested

Silicon Valley investor backs Cambridge Future Tech seed round

Vest Coast Capital, which has bases in Silicon Valley and New York, has invested in a seed round for Cambridge Future Tech (CFT) – a venture builder for DeepTech startups accessing novel and disruptive technologies from a host of UK-based universities. 

The amount raised is not being released because of confidentiality agreements but since launching in 2020 CFT has amassed 24 months of overhead – between £500k and £750k. A number of international backers supported the seed round.

With four ventures already underway and plans to co-found another six by the end of 2023 alone, the latest capital infusion will allow CFT to grow its team at the Bradfield Centre on Cambridge Science Park and develop key partnerships across the UK.

“We are really excited to work with experienced global investors with deep insights and wide networks, aiding us to support our ventures,” says Xavier Parkhouse-Parker, chief operating officer at Cambridge Future Tech. 

He added that by partnering with world-class academic talent and research - initially around Advanced Materials, Robotics and AI – CFT was well-positioned to commercialise new technologies and implement effective go-to-market strategies.

Robert DiFazio, partner at Vest Coast Capital, said: “Given the attractive pipeline of innovative technologies already identified and a well-defined model for commercialisation, we’re thrilled to invest in the team at CFT and the purpose-driven founders they support.”

One of the young companies backed by CFT is Cambridge sustainable technology startup Mimicrete, also housed at the Bradfield Centre.

Mimicrete CSO and Cambridge University PhD, Dr Liz  Zijing Li, was full of praise for CFT’s support of the fledgling venture, saying: “As an academic founder, it is indeed a great experience working with the co-founders from CFT. They’ve supported us in getting our self-healing concrete technology ready for market.”

The University of Cambridge is also complimentary about CFT’s role in helping startups build their propositions and commercialise their technology.

Dr Rebecca Myers, head of education at CJBS Entrepreneurship Centre at the University says: “Cambridge Future Tech fits perfectly into the Cambridge ecosystem, bringing tangible resources to DeepTech entrepreneurship.”

And Chris Gibbs, Investment Manager (Physical Sciences), at Cambridge Enterprise – the university’s tech transfer arm – added: “Early-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.” 

Newsletter Subscription

Stay informed of the latest news and features