South West News #10
Our South West tech news round-up aims to give you an insight into the latest tech news specifically in the South West. If you enjoy this, make sure to sign up to our email list to receive updates on more content like this!
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Bristol tech firm Graphcore named among UK’s top scale-ups driving record investment into sector
Bristol-based Graphcore has been named on a list of the country’s top-performing scale-up firms which have helped propel the UK’s tech sector to new heights. Grapchore, the artificial intelligence chip maker, was one of the 10 companies who between them secured a firth of the entire sector’s venture capital investment total of £2.5billion last year. Graphcore attracted £159.8million of investment, while London fintech firm Revoult and sustainable power firm Octopus Energy topped the list.
A report from industry analysts Tech Nation found that the UK was pulling away from other European tech hubs, including France and Germany, in terms of investment, despite the uncertainty presented by the global pandemic.
Source: Business Live, 2021
Spin-Out Completes £3.5M Seed Round
A University of Bristol spin-out has raised a £3.5m seed round to develop new cell therapies to treat solid tumours in cancer patients.
CytoSeek was founded in November 2017 by Professor Adam Perriman – also Professor of Bioengineering in the School of Cellular and Molecular Medicine at the University of Bristol – and is led by experienced biotech chief executive Dr Carolyn Porter.
The funding is led by Science Creates Ventures (SCV), Bristol’s new deep tech EIS fund for science and engineering start-ups, and is the its first investment since announcing its venture capital fund last December.
Source: Insider Media, 2021
Bristol & Bath the 3rd largest hub for tech investment in the UK with businesses raising $414m
The Tech Nation Report 2021 has arrived. The report opens with the key statistic that UK tech VC investment is third in the world, hitting a record high of $15bn in 2020 in the face of challenging conditions. And where Bristol and Bath is concerned, we have ranked third in the UK for tech investment, after London and Oxford, with businesses cumulatively raising $414m.
Tech Nation says investment in UK nations and regions has remained strong through the pandemic with the South West posting a record year, alongside the South East and West Midlands. Bristol & Bath is also ranked 12th across Europe for investment in tech, ahead of places such as Barcelona, Cambridge & Madrid.
Source: TechSPARK 2021
Made Tech continues to celebrate its growth and expansion
The pandemic has created a certain anxiety around the future of business in the UK, but the tech cluster in Bristol and Bath continues to fly the flag for recovery.
The latest is tech company celebrating continued growth and expansion is Made Tech – the public sector technology delivery experts providing Digital, Data and Technology services across the UK market. Made Tech has announced an array of new roles across the South West as it becomes another example of a company defying the current odds.