# Tozaro funding: rounds and investors

> Tozaro has raised $16M across 3 rounds since 2022. Investors include Mercia Asset Management. Every round with its source.

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

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

# Who invested in *Tozaro*

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

Biotech

Raised 9 months ago

Funding summary Updated 26 Oct 2026

**$16M** raised across 3 rounds since 2022, from 3 sources

**$5.8M** Round **$2.3M** Round **$8.2M** Venture

- **Latest round:** Venture, $8.2M Feb 2026
- **Step-up i:** 3.5×
- **Investors:** 1

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2022 2023 2024 2025 2026

**$5.8M** Round

**$2.3M** Round

**$8.2M** Venture

- **First round:** Round, $5.8M
- **Biggest round:** $8.2M
- **Usual gap between rounds:** 2.1 years

## The rounds

- **Feb 2026** Venture **$8.2M** *1 new* [Mercia Asset Management](https://millionrounds.com/fund/mercia-ventures) Source recorded
- **Mar 2024** Round **$2.3M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Mar 2022** Round **$5.8M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet

## Funding filed with regulators

Tozaro filed 3 raises, $8.1M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Apr 2024 **$1.6M** UK share allotment
- Mar 2024 **$737K** UK share allotment
- Mar 2022 **$5.8M** UK share allotment

## Founders and team

From Tozaro's own website: 6 on the team.

- **Jason Slingsby** Chief Executive Officer
- **Alan Thomson** Chief Scientific Officer
- **Bea Burke** Chief Commercial Officer
- **Daniel Smith** Chief Technical Officer
- **Guy Leaver** Chief Financial Officer
- **Michele Pedrocchi** Chair of the Board

Advisers *Carl Schoellhammer* *Nicholas Clarkson* *Phil Vanek*

## Everyone who backed them

[Mercia Asset Management](https://millionrounds.com/fund/mercia-ventures) VC firm **1** round

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

## Quick answers about Tozaro

### Who invested in Tozaro?

Tozaro's investors include Mercia Asset Management.

### How much has Tozaro raised?

Tozaro has raised $16M across 3 rounds since 2022.

### When did Tozaro last raise?

Tozaro's most recent round was a Venture of $8.2M in Feb 2026.

### What was Tozaro's biggest round?

Its most recent round, $8.2M in Feb 2026, is also its largest on record.

### Who backed Tozaro first?

Tozaro's first round on record, in Feb 2026, was backed by Mercia Asset Management.

### What stage is Tozaro at?

Tozaro's latest named round is a Venture, in Feb 2026.

### Where is Tozaro based?

Tozaro is based in the United Kingdom.

## Companies like Tozaro

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)[**CMR Surgical** $1.1B · Oct 2026](https://millionrounds.com/company/cmr-surgical)[**Living Optics** $61M · Oct 2026](https://millionrounds.com/company/living-optics)[**Bactobio** $18M · Oct 2026](https://millionrounds.com/company/bactobio)[**RHYTHM AI** $23M · Sept 2026](https://millionrounds.com/company/rhythm-ai)

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