# Cambridge Innovation Capital: portfolio, investments and team

> Cambridge Innovation Capital is a vc firm based in United Kingdom. 34 investments on record, 2 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/cambridge-innovation-capital (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Investor](https://millionrounds.com/investors)

# Cambridge Innovation Capital

Last cheque observed Oct 2026; 34 cheques on record.

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Deploying now New fund $1.4M, Oct 2021 VC firm

Pre-seed Seed Series A Biomarker Deep-tech Metabolites

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Deploying now

**100%** of best year **2** **cheques in 12 months**, 34 on record

Since the last cheque **16** days **00** hrs **00** min **00** sec

Median round **$17M** Cheque size, as they say **$1.0M – $10M** Rounds led **1 of 34** Sole investor **9 rounds** Mostly in **United Kingdom, 97%**

Pitch Cambridge Innovation Capital

## Cambridge Innovation Capital highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series A and Series B: 71% of its rounds
- 03 Sole investor in 9 rounds, median $4.3M

## What they do

> Cambridge Innovation Capital is a leading venture investor in the Cambridge ecosystem. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $10M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Biomarker Deep-tech Metabolites
- **Based in:** Cambridge, United Kingdom
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **34 appearances**

- **2026** 2 rounds
- **Oct** **[Salience Labs](https://millionrounds.com/company/salience-labs)** Series B · GB · Silicon Angle **$125M** With 8 others
- **Sept** **[Microbiotica](https://millionrounds.com/company/microbiotica)** Series C · GB · Cambridge Innovation Capital **$35M** With 5 others
- **2022** 1 round
- **Apr** **[Epitopea](https://millionrounds.com/company/epitopea)** Seed · GB · Firms' own news pages **$14M** With 5 others
- **2019** 10 rounds
- **Oct** **[Sense Biodetection](https://millionrounds.com/company/sense-biodetection)** GB · Telegraph **$16M** Sole investor
- **Sept** **[CMR Surgical](https://millionrounds.com/company/cmr-surgical)** Series C · GB · Businessweekly **$240M** With 4 others
- **Jun** **[Riverlane](https://millionrounds.com/company/riverlane)** Seed · GB · FinSMEs **$4.2M** *Led*
- **Jun** **[Audop Analytics](https://millionrounds.com/company/audop-analytics)** Series B · GB · Audioanalytic **$12M** With 2 others
- **May** **[Storm Therapeutics](https://millionrounds.com/company/storm-therapeutics)** Series A · GB · FinSMEs **$18M** With 4 others
- **May** **[Prowler.io](https://millionrounds.com/company/prowler-io)** Series B · GB · FinSMEs **$24M** With 9 others
- **Apr** **[Cytora](https://millionrounds.com/company/cytora)** Series B · GB · TechCrunch **$33M** With 2 others
- **Mar** **[Inivata](https://millionrounds.com/company/inivata)** Series B · US · FinSMEs **$53M** With 4 others
- **Jan** **[Imagen](https://millionrounds.com/company/imagen)** Series B · GB · FinSMEs **$8.5M** With 1 other
- **Jan** **[GeoSpock](https://millionrounds.com/company/geospock)** Series A · GB · FinSMEs **$13M** With 3 others
- **2018** 3 rounds
- **Jul** **[Undo](https://millionrounds.com/company/undo)** Series B · GB · FinSMEs **$14M** Sole investor
- **Jun** **[CMR Surgical](https://millionrounds.com/company/cmr-surgical)** Series B · GB · Businessweekly **$100M** With 3 others
- **Apr** **[Origami Energy](https://millionrounds.com/company/origami-energy)** GB · Businessweekly **$26M** With 1 other
- **2017** 4 rounds
- **Sept** **[Cambridge Medical Robots](https://millionrounds.com/company/cambridge-medical-robots)** Series A · GB · FinSMEs **$26M** With 4 others
- **May** **[Z Factor](https://millionrounds.com/company/z-factor)** Series A · GB · FinSMEs **$9.1M** With 1 other
- **Feb** **[Congenica](https://millionrounds.com/company/congenica)** Series B · GB · FinSMEs **$10M** With 2 others
- **Jan** **[Audio Analytic](https://millionrounds.com/company/audio-analytic)** Series A · GB · FinSMEs **$5.5M** Sole investor
- **2016** 2 rounds
- **Oct** **[PragmatIC Printing](https://millionrounds.com/company/pragmatic-printing)** GB · FinSMEs **$22M** With 1 other
- **Jun** **[Storm Therapeutics](https://millionrounds.com/company/storm-therapeutics)** Series A · GB · FinSMEs **$15M** With 1 other
- **2015** 7 rounds
- **Oct** **[GeoSpock Ltd.](https://millionrounds.com/company/geospock-ltd)** Series A · GB **$5.4M** With 1 other
- **Jun** **[Iceni Therapeutics](https://millionrounds.com/company/iceni-therapeutics)** Seed **Undisclosed** Sole investor
- **May** **[Imagen Ltd](https://millionrounds.com/company/imagen-ltd)** Series A · GB **$3.1M** Sole investor
- **May** **[Abcodia](https://millionrounds.com/company/abcodia)** Series B · GB **$8.3M** With 4 others
- **Apr** **[Undo Software](https://millionrounds.com/company/undo-software)** Series A **$2.0M** Sole investor
- **Apr** **[Congenica](https://millionrounds.com/company/congenica)** Series A · GB **$3.2M** With 1 other
- **Jan** **[PragmatIC Printing](https://millionrounds.com/company/pragmatic-printing)** Venture · GB **$8.1M** Sole investor
- **2014** 5 rounds
- **Dec** **[Congenica](https://millionrounds.com/company/congenica)** Venture · GB **$1.6M** Sole investor
- **Sept** **[Inivata](https://millionrounds.com/company/inivata)** Series A · GB **$6.5M** With 2 others
- **Sept** **[Origami Energy](https://millionrounds.com/company/origami-energy)** Venture · GB **$5.8M** With 1 other
- **Sept** **[Jukedeck](https://millionrounds.com/company/jukedeck)** Seed · GB **$830K** With 1 other
- **May** **[Imagen Ltd](https://millionrounds.com/company/imagen-ltd)** Series A · GB **$2.5M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **2 named**

DP **Daryl Pilcher** Director i Filing they signed

RS **Rob Sprawson** of the Issuer's General Partner i Filing they signed

We also hold **33** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$278M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Cambridge Innovation Capital Manager Limited
- **SEC number:** CRD 316698

Who backs their funds

## 2 LPs on record in Cambridge Innovation Capital's funds

- **Funds:** 2

The institutions that put money into its funds, which the firm then invests in companies. Source: fund news.

- [**Aviva Investors** 2 funds](https://millionrounds.com/fund/aviva-investors) Fund Vintage Committed Cambridge Innovation Capital Opportunity Fund - - Cambridge Innovation Capital (CIC) Opportunity Fund - -
- [**British Patient Capital** 2 funds](https://millionrounds.com/fund/british-patient-capital) Fund Vintage Committed Cambridge Innovation Capital Opportunity Fund - - Cambridge Innovation Capital (CIC) Opportunity Fund - -

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

Cookiedatabase

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$1.4M**

raised in Oct 2021

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$17M** the round, not its cheque Alone, median **$4.3M**

Led 1 of 34 rounds **3%**

- **Said size:** $1.0M – $10M
- **Sole investor:** 9 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Series A said *12*
- Series B said *10*
- Seed said *4*
- Venture *3*
- Series C *2*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Parkwalk](https://millionrounds.com/fund/parkwalk) 5
- [Amadeus Capital Partners](https://millionrounds.com/fund/amadeus-capital-partners) 3
- [IP Group](https://millionrounds.com/fund/ip-group) 3
- [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund) 2
- [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) 2

**Pitching Cambridge Innovation Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Cambridge Innovation Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Parkwalk** VC firm **5** rounds together](https://millionrounds.com/fund/parkwalk)[**Amadeus Capital Partners** VC firm **3** rounds together](https://millionrounds.com/fund/amadeus-capital-partners)[**IP Group** VC firm **3** rounds together](https://millionrounds.com/fund/ip-group)[**British Business Bank** Corporate VC **2** rounds together](https://millionrounds.com/fund/national-security-strategic-investment-fund)[**Tengxun Touzi** VC firm **2** rounds together](https://millionrounds.com/fund/tengxun-touzi)

## Recently backed

The latest companies Cambridge Innovation Capital put money into.

[**Salience Labs** $125M · Oct 2026](https://millionrounds.com/company/salience-labs)[**Microbiotica** $35M · Sept 2026](https://millionrounds.com/company/microbiotica)[**Epitopea** $14M · Apr 2022](https://millionrounds.com/company/epitopea)[**CMR Surgical** $240M · Sept 2019](https://millionrounds.com/company/cmr-surgical)[**Riverlane** $4.2M · Jun 2019](https://millionrounds.com/company/riverlane)[**Storm Therapeutics** $18M · May 2019](https://millionrounds.com/company/storm-therapeutics)

## Quick answers about Cambridge Innovation Capital

### What does Cambridge Innovation Capital invest in?

Cambridge Innovation Capital invests most often at Series A and Series B (71% of the rounds on record), in sectors such as Biomarker, Deep-tech and Metabolites.

### How active is Cambridge Innovation Capital?

34 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

### What has Cambridge Innovation Capital invested in recently?

Its most recent investments on record: Salience Labs (Series B, Oct 2026), Microbiotica (Series C, Sept 2026) and Epitopea (Seed, Apr 2022).

### How big are Cambridge Innovation Capital's cheques?

The median round it joins is $17M. It says it writes cheques of $1.0M to $10M.

### Does Cambridge Innovation Capital lead rounds?

Sometimes: it led 1 of its 34 investments on record (3%).

### Where does Cambridge Innovation Capital invest?

Most of the companies it backs are in the United Kingdom (97%).

### Is Cambridge Innovation Capital investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does Cambridge Innovation Capital invest alongside?

Most often Parkwalk (5 rounds together), Amadeus Capital Partners (3 rounds together) and IP Group (3 rounds together).

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