# Z Factor funding: rounds and investors

> Z Factor has raised $18M across 2 rounds since 2017. Investors include Cambridge Innovation Capital and Medicxi/ Cambridge Enterprise.

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

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

# Who invested in *Z Factor*

2 rounds we have observed, with the 2 investors 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 Healthcare

Funding summary Updated 26 Oct 2026

**$18M** raised across 2 rounds since 2017, from 2 sources

**$9.1M** Series A **$9.3M** Round

- **Latest round:** Round, $9.3M Mar 2022
- **Investors:** 2

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.

2018 2019 2020 2021 2022

**$9.1M** Series A

**$9.3M** Round

- **First round:** Series A, $9.1M
- **Biggest round:** $9.3M
- **Between rounds:** 4.8 years

## The rounds

- **Mar 2022** Round **$9.3M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **May 2017** Series A **$9.1M** *2 new* [Cambridge Innovation Capital](https://millionrounds.com/fund/cambridge-innovation-capital) Medicxi/ Cambridge Enterprise Reported by FinSMEs

## Funding filed with regulators

Z Factor filed one raise, $9.3M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Mar 2022 **$9.3M** UK share allotment

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2017 **Round** 2022 [Cambridge Innovation Capital](https://millionrounds.com/fund/cambridge-innovation-capital) Medicxi/ Cambridge Enterprise

## Everyone who backed them

[Cambridge Innovation Capital](https://millionrounds.com/fund/cambridge-innovation-capital) VC firm **1** round

Medicxi/ Cambridge Enterprise no record of our own yet **1** round

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

## Quick answers about Z Factor

### Who invested in Z Factor?

Z Factor's investors include Cambridge Innovation Capital and Medicxi/ Cambridge Enterprise.

### How much has Z Factor raised?

Z Factor has raised $18M across 2 rounds since 2017.

### When did Z Factor last raise?

Z Factor's most recent round, $9.3M, was in Mar 2022.

### What was Z Factor's biggest round?

Its most recent round, $9.3M in Mar 2022, is also its largest on record.

### Who backed Z Factor first?

Z Factor's first round on record, in May 2017, was backed by Cambridge Innovation Capital and Medicxi/ Cambridge Enterprise.

### What stage is Z Factor at?

Z Factor's latest named round is a Series A, in May 2017.

### Where is Z Factor based?

Z Factor is based in the United Kingdom.

## Companies like Z Factor

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

[**Coherence Neuro** $55M · Oct 2026](https://millionrounds.com/company/coherence-neuro)[**HydRegen** $12M · Oct 2026](https://millionrounds.com/company/hydregen)[**XRlabs** $8.4M · Oct 2026](https://millionrounds.com/company/xrlabs)[**OMass Therapeutics** $442M · Oct 2026](https://millionrounds.com/company/omass-therapeutics)[**CMR Surgical** $1.1B · Oct 2026](https://millionrounds.com/company/cmr-surgical)[**MintNeuro** $26M · Oct 2026](https://millionrounds.com/company/mintneuro)

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