uFraction8 Secures £3.4 Million to Advance Biotech Solutions
Exciting Investment Opportunity: Transforming Biotech with uFraction8
In a remarkable leap for the biotechnology sector, uFraction8, a pioneering company based in Falkirk, Scotland, has successfully secured £3.4 million in funding. This significant investment round was spearheaded by the esteemed Foresight Group, alongside contributions from credible partners such as the University of Edinburgh’s venture investment fund, Old College Capital, and additional support from Scottish Enterprise, Alwyn Capital, and Thia Ventures. Additionally, they received a grant from the Polish Agency for Enterprise Development, highlighting a collaborative effort in fostering biotech innovations.
The newly acquired funds will be strategically utilized to push the boundaries of technology originally developed within the prestigious University of Edinburgh’s School of Engineering.
Co-founded by the innovative minds of Dr. Brian Miller and Dr. Monika Tomecka, uFraction8 specializes in advanced microfluidics-based filter systems, offering a transformative solution for bio-manufacturers. By focusing on energy-efficient and scalable perfusion systems, they aim to revolutionize traditional methods, leveraging hydrodynamic phenomena that outmatch conventional filtration systems in critical areas.
Embracing the trends of BioTech and CleanTech, uFraction8 is dedicated to simplifying industrial processes related to cell culture production, which has vast applications in food, bio-pharmaceuticals, and other bio-based products. With a current team of seven talented professionals operating out of Scotland and Poznan, Poland, uFraction8 stands at the forefront of a booming market, set to attract further investment. As investors scout for opportunities in groundbreaking technologies that promise efficiency and sustainability, uFraction8 is poised to be a front-runner in shaping the future of biotech.
Key Terms Explained
- Investment Round
- A financing event or transaction in which funds are raised from investors, typically venture capitalists or angel investors. It is a significant milestone for a startup.
- Biotech
- A technology-based field that involves the use of living organisms or biological processes in the creation of new products and services. It has applications across sectors like agriculture, medicine, food production, and environment.
- Microfluidics-Based Filter Systems
- Technologies that control and manipulate fluids geographically restricted to a small, typically sub-millimeter, scale. It's been used for various biotech applications, like lab-on-a-chip technologies, due to its advantages in control, safety, speed, and cost.
Frequently Asked Questions
- Who are the founders of uFraction8?-uFraction8 was co-founded by Dr. Brian Miller and Dr. Monika Tomecka.
- Which investment entity spearheaded uFraction8 funding round?+
- How much funding has uFraction8 secured?+
- What is the focus of technology developed by uFraction8?+
- What is the mission of uFraction8 within the biotechnology sector?+
They've invested in uFraction8
Get to know these Biotech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Foresight Group | 13 investment(s) investment(s) | more info | |||
2 |  University of Edinburgh's venture investment fund | 1 investment(s) investment(s) | more info | |||
3 |  Old College Capital | 8 investment(s) investment(s) | more info | |||
4 |  Scottish Enterprise | 18 investment(s) investment(s) | 7 contacts contacts | |||
5 |  Alwyn Capital | 1 investment(s) investment(s) | more info | |||
6 |  Thia Ventures | 1 investment(s) investment(s) | more info | |||
7 |  Polish Agency for Enterprise Development | 1 investment(s) investment(s) | more info |
Click here for a full list of 6,908+ startup investors in the UK