Founded 2017, Cambridge-based. AUM >$800M, 50+ portfolio companies. Portfolio: AI21 Labs (AI unicorn), Graphcore, Zapata Computing, Bicycle Therapeutics, Heirloom Carbon, Sunfire, ZOE, Phaidra. Founded by Alice Newcombe-Ellis w/ co-founding Science Partners incl. Nobel laureates. $400M+ dry powder on latest fund. Hands-on operators; co-found portfolio companies.
Investment Focus
Investment Thesis
Four investment domains: Brain & AI, Genetics & Platform Technologies, Space & Robotics, Efficient Energy. Pre-seed to pre-IPO, emphasis on university spinouts & founders w/ deep tech expertise. Patient + active capital; asymmetric risk philosophy. Europe-focused w/ offices Cambridge, London, Boston. Recent check: £1.8M (OutSee seed, Jun 2025). Avoids traditional SaaS; seeks transformative, category-defining companies.
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