United Kingdom · Investor

Innovate UK

Last cheque observed Oct 2026; 704 cheques on record.

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Deploying nowVC firm

GrantVentureSeedBlockchainManufacturing

Deploying now
78%of best year141cheques in 12 months, 704 on record
Since the last cheque9days00hrs00min00sec
Median round$1.2MRounds led1 of 704Sole investor198 roundsMostly inUnited Kingdom, 98%
Pitch Innovate UK

Innovate UK highlights

  1. 01

    141 cheques in the last 12 months

  2. 02

    Mostly Grant and Venture: 56% of its rounds

  3. 03

    Sole investor in 198 rounds, median $634K

What they do

Type
VC firm (from a list, unverified)
Cheque size
Not stated
Sectors
BlockchainManufacturing
Based in
Swindon, United Kingdom
Cold pitches
Not stated

The record

Every round we can evidence, newest first704 appearances

  1. 2026

    113 rounds

  2. Oct
    MoniRailGrant · GB · Google News search$67MLed
  3. Oct
    AdaptavateGB · Turquoise International$5.4MWith 2 others
  4. Oct
    Go EveGrant · IE · Tech.eu$1.0MSole investor
  5. Oct
    StrideSeed · GB · Tech.eu$6.1MWith 4 others
  6. Oct
    Affinity LabsPre-seed · GB · Pulse 2.0$2.0MWith 13 others
  7. Oct
    Alchera TechnologiesSeed · GB · Tech.eu$3.6MWith 6 others
  8. Sept
    52NorthSeed · GB · Startups Magazine$4.3MWith 6 others
  9. Sept
    OneClickComplySeed · GB · Mercia Asset Management$1.3MWith 5 others
  10. Sept
    Dragonfly Advanced MaterialsSeed · GB · Northstar Ventures$1.3MWith 1 other
  11. Sept
    RyftSeries B · GB · Gresham House Ventures$27MWith 7 others
  12. Sept
    Magnitude BiosciencesSeed · GB · EU-Startups$1.8MWith 4 others
  13. Sept
    KVectorSeed · GB · Mercia Asset Management$5.1MWith 4 others
  14. Sept
    OdorPiPre-seed · GB · Ventureburn$950KWith 2 others
  15. Sept
    Big Picture BioPre-seed · GB$2.0MWith 1 other
  16. Sept
    AstronauTxGrant · GB$1.2MWith 2 others
  17. Sept
    SolarSubSeed · GB$1.8MWith 4 others
  18. Sept
    SageTechSeed · GB$3.3MWith 2 others
  19. Sept
    StrolllDebt · GB · Firms' own news pages$4.9MWith 5 others
  20. Sept
    Ki 13Seed · GB · Carbon13$5.0MWith 7 others
  21. Sept
    Fuse DiagnosticsPre-seed · GB$1.3MWith 1 other
  22. Sept
    Dragonfly Advanced MaterialsPre-seed · GB$669KWith 1 other
  23. Sept
    Anemo LabsVenture · GBUndisclosedWith 1 other
  24. Sept
    Cloud CycleVenture · GB$3.1MWith 1 other
  25. Sept
    Productive MachinesVenture · GB$1.7MWith 3 others
  26. Sept
    Pure Capture InnovationsPre-seed · GB$718KWith 4 others
  27. Sept
    Athernal BioGrant · GB$949KSole investor
  28. Aug
    BreedrSeries B · GB · Ventureburn$27MWith 5 others
  29. Aug
    Advanced Electric Machines (AEM)Growth · GB · Northstar Ventures$22MWith 6 others
  30. Aug
    Kubos SemiconductorsGrant · GB · Turquoise International$2.1MWith 4 others
  31. Aug
    EcoNomad SolutionsVenture · GB$311KWith 2 others
  32. Aug
    Medly AISeed · GB$8.0MWith 2 others
  33. Aug
    ClimingoPre-seed · GB · Carbon13$394KWith 3 others
  34. Aug
    Versatile RobotXPre-seed · GB$1.3MWith 1 other
  35. Aug
    Dragonfly Technology LimitedGrant · GB$955KWith 3 others
  36. Jul
    PolyBoxSeed · GB · Northstar Ventures$936KWith 1 other
  37. Jul
    Dogtooth TechnologiesGrowth · GB · Firms' own news pages$19MWith 6 others
  38. Jul
    Perceptual RoboticsVenture · GB$5.3MWith 1 other
  39. Jul
    Adamo FoodsGrant · GB$12MWith 3 others
  40. Jul
    PolyBox.appPre-seed · GB$535KWith 1 other
  41. Jul
    BugBiomeGrant · GB$672KWith 2 others

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

We hold 6 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.

Who they invest alongside

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

SFC CapitalAngel network54rounds togetherScottish EnterpriseGovernment26rounds togetherFuture Planet CapitalVC firm23rounds togetherNorthstar VenturesVC firm23rounds togetherCrowdcubeVC firm22rounds togetherParkwalkVC firm22rounds togetherDevelopment Bank of WalesGovernment18rounds togetherUK Research and InnovationVC firm18rounds togetherMassChallengeAccelerator15rounds togetherMercia Asset ManagementVC firm14rounds togetherOxford Science EnterprisesVC firm14rounds togetherSBRI HealthcareGovernment14rounds together

Recently backed

The latest companies Innovate UK put money into.

Adaptavate$5.4M · Oct 2026Go Eve$1.0M · Oct 2026Stride$6.1M · Oct 2026Affinity Labs$2.0M · Oct 2026Alchera Technologies$3.6M · Oct 202652North$4.3M · Sept 2026

Mentioned on podcasts

Episodes that name Innovate UK in their description, not their title.

Quick answers about Innovate UK

What does Innovate UK invest in?

Innovate UK invests most often at Grant and Venture (56% of the rounds on record), in sectors such as Blockchain and Manufacturing.

How active is Innovate UK?

704 investments on record, 141 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

What has Innovate UK invested in recently?

Its most recent investments on record: MoniRail (Grant, Oct 2026), Adaptavate (Undisclosed round, Oct 2026) and Go Eve (Grant, Oct 2026).

How big are Innovate UK's cheques?

The median round it joins is $1.2M.

Does Innovate UK lead rounds?

Sometimes: it led 1 of its 704 investments on record (0%).

Where does Innovate UK invest?

Most of the companies it backs are in the United Kingdom (98%).

Is Innovate UK investing now?

Yes: it is actively investing, with 141 investments in the last 12 months.

Who does Innovate UK invest alongside?

Most often SFC Capital (54 rounds together), Scottish Enterprise (26 rounds together) and Future Planet Capital (23 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it