Technology

Cambridge Future Tech Completes Funding Round in Support of Deep Tech Venture Platform and Robust Deal Pipeline

Cambridge Future Tech (CFT) announces the completion of its latest round of funding to rapidly scale its innovative deep tech venture platform and access novel and disruptive technologies from a variety of UK universities. A number of investors from around the world participated in the seed round, including US-based Vest Coast Capital.

“With the attractive pipeline of innovative technologies already identified and a well-defined commercialization model, we are excited to invest in the CFT team and the determined founders who support them,” he says Robert DiFazio, Partner at Vest Coast Capital.

With four ventures already underway and plans to co-found a further six by the end of 2023 alone, the capital injection will allow the venture builder to expand its team at the Bradfield Center in Cambridge Science Park and develop partnerships across the UK.

“We are very excited to partner with experienced global investors with deep insights and broad networks to help support our ventures,” he says Xavier, COO at Cambridge Future Tech.

By partnering with world-class academic talent and researchers – initially in the fields of advanced materials, robotics and AI – CFT is well positioned to commercialize emerging technologies and implement effective go-to-market strategies.

“As an academic founder, it is indeed a great experience to work alongside the co-founders of CFT,” he says dr Liz Zijing Li, Chief Scientific Officer at Mimicrete and PhD from the University of Cambridge. “They have supported us in bringing the self-healing concrete technology to market maturity”.

“The early stage and building the essential foundation for new spin-offs is the most difficult time for new ventures. Cambridge Future Tech provides a foundation for spin-outs in our cluster and is a welcome addition.” Says Chris Gibbs, Investment Manager (Physical Sciences), Cambridge Enterprise.

“Cambridge Future Tech fits perfectly into the Cambridge ecosystem,” he says dr Rebecca Myers, Education Director at the CJBS Entrepreneurship Center at the University of Cambridge “They bring tangible resources to deep tech entrepreneurship.”

https://techround.co.uk/news/cambridge-future-tech-closes-financing-round-to-support-deep-tech-venture-platform-and-robust-deal-pipeline/?utm_source=rss&utm_medium=rss&utm_campaign=cambridge-future-tech-closes-financing-round-to-support-deep-tech-venture-platform-and-robust-deal-pipeline Cambridge Future Tech Completes Funding Round in Support of Deep Tech Venture Platform and Robust Deal Pipeline

Fry Electronics Team

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