# SMi Systems funding: rounds and investors

> SMi Systems has raised $7.6M across 1 round since 2023. Investors include Innovate UK. Every round with its source.

Source: https://millionrounds.com/company/smi-systems (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Seed startup](https://millionrounds.com/companies)

# Who invested in *SMi Systems*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Pharma

Funding summary Updated 26 Oct 2026

**$7.6M** raised across 1 round since 2023, from 1 source

- **Latest round:** Seed, $7.6M Jun 2023
- **Investors:** 1

See who backed them

## The rounds

- **Jun 2023** Seed **$7.6M** [Innovate UK](https://millionrounds.com/fund/innovate-uk) Source recorded

## Founders and team

From SMi Systems's own website: 3 founders, 4 on the team.

**Dr Andrew Thompson** Chief Executive Officer & Co-Founder

**James Clark** Chief Financial Officer & Co-Founder

**Professor James Brozik** Chief Scientific Officer & Co-Founder

- **Dr Stefan Hamill** Vice President Strategy
- **Stephen Reeder** Chief Operating Officer
- **Dr Stephen Little** Non-Executive Director
- **Ron Andrews** Non-executive Director

## Everyone who backed them

[Innovate UK](https://millionrounds.com/fund/innovate-uk) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=smi-systems).

## Quick answers about SMi Systems

### Who invested in SMi Systems?

SMi Systems's investors include Innovate UK.

### How much has SMi Systems raised?

SMi Systems has raised $7.6M across 1 round since 2023.

### When did SMi Systems last raise?

SMi Systems's most recent round was a Seed of $7.6M in Jun 2023.

### What was SMi Systems's biggest round?

Its most recent round, $7.6M in Jun 2023, is also its largest on record.

### Who backed SMi Systems first?

SMi Systems's first round on record, in Jun 2023, was backed by Innovate UK.

### What stage is SMi Systems at?

SMi Systems's latest named round is a Seed, in Jun 2023.

### Where is SMi Systems based?

SMi Systems is based in the United Kingdom.

## Companies like SMi Systems

In the same sector, and raised in the last eighteen months.

[**HydRegen** $12M · Oct 2026](https://millionrounds.com/company/hydregen)[**OMass Therapeutics** $442M · Oct 2026](https://millionrounds.com/company/omass-therapeutics)[**MAXWELLIA** $9.6M · Sept 2026](https://millionrounds.com/company/maxwellia)[**FLIP THERAPEUTICS** $676K · Sept 2026](https://millionrounds.com/company/flip-therapeutics)[**ViaNautis** $52M · Sept 2026](https://millionrounds.com/company/vianautis)[**PhaSER Biomedical** $2.5M · Aug 2026](https://millionrounds.com/company/phaser-biomedical)

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