This article covers a fundraising round on 30 September 2025 by NoBACZ, a University of Cambridge spinout developing liquid bandage woundcare for horses and livestock, founded by Dr Jonathan Powell and Dr Nuno Faria. The company raised £4.8m in a round led by The Yield Lab, with participation from Adjuvo.

What does NoBACZ do?

NoBACZ produces a liquid bandage for veterinary wound care in livestock and horses. It provides a topical barrier to seal and protect wounds, reducing contamination and the need for cloth bandages.

Why is NoBACZ useful?

Problem

People caring for farm animals face persistent wound infections like digital dermatitis that resist topical antibiotics and contaminated cloth bandages.

Solution

NoBACZ explains that it makes a liquid bandage that seals wounds, reduces antibiotic use and prevents contamination in farm environments.

How much did NoBACZ raise?

NoBACZ secured £4.8m in a funding round led by The Yield Lab, with participation from Adjuvo alongside existing backers. This makes it the 36th largest funding round in September 2025 (60 recorded). It ranks 216th of the year (467 recorded) in the Startupmag database, as of 30 September 2025.

For details on how Startupmag compiles its rankings, view our Methodology.

Who invested in NoBACZ?

Key investors in the financing included:

The Yield Lab: A specialist investor in European agriculture and food technology businesses.
Adjuvo: An angel investor network with a focus on innovation in underserved sectors such as animal health.
ACF Investors: An investment firm that backs early-stage and growth-stage companies.
University of Cambridge: The university investing in and commercialising research-led spinouts and supporting their development.
Parkwalk: A UK venture investor focused on university spinouts and early-stage technology companies.
The FSE Group: A private investment group that provides capital to UK businesses across development stages.
Cambridge Enterprise Ventures: The University of Cambridge's commercialisation and investment arm, concentrating on supporting university spinouts and early-stage deep-tech ventures.

In the funding announcement, Mark Foster-Brown from Adjuvo said:

For too long, topical antibiotics and bandages have offered inadequate solutions for animal wound care. NoBACZ's patented platform technology sets a new benchmark, delivering ground-breaking results while aligning with Adjuvo's mission to back innovation in underserved sectors.

If you're researching potential backers in this space:

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Who founded NoBACZ?

The founders of NoBACZ are Dr Jonathan Powell and Dr Nuno Faria.

In the funding announcement, Dr Jonathan Powell, chief executive of NoBACZ said:

We founded NoBACZ Healthcare with the goal of transforming healthcare solutions for a more sustainable future whilst reducing antibiotic use. This new funding will fuel our expansion as we broaden our global product reach, launch our new range of products for the equine industry and continue to develop innovative veterinary healthcare solutions.

The company continued that in addition to its pipeline of veterinary products it was starting to define its human product opportunity.

Where is NoBACZ based?

NoBACZ is based in Cambridge, UK.

What sector is NoBACZ in?

NoBACZ operates in the Healthtech sector. Healthtech develops technologies and products to prevent, diagnose or treat health problems.

Key trends and challenges in Animal health:

Antibiotic reduction and resistance

Pressure to cut antibiotic use is rising to fight resistance; digital dermatitis affects about 25% of dairy cows.

Demand for non-antibiotic woundcare

Farmers and vets seek non-antibiotic topical solutions, such as liquid bandages, for wounds in cattle and horses.

Practical treatment and application challenges

Dirty barn conditions make traditional bandages ineffective and infection risk remains high, complicating treatment.

For a deeper look at innovation in this space, see the latest funded Healthtech startups in the UK

They've invested in NoBACZ

Get to know these Healthtech investors

Investor	Activity	Team
The Yield Lab	1 investment(s) investment(s)	more info
Adjuvo	8 investment(s) investment(s)	more info
ACFInvestors (ACF Investors)	10 investment(s) investment(s)	3 contacts contacts
Parkwalk	4 investment(s) investment(s)	more info
The FSE Group	4 investment(s) investment(s)	9 contacts contacts