Polish-founded biotech engineering company uFraction8 has secured £3.4m in new investment following the completion of a funding round led by Foresight Group. The round also was backed by University of Edinburgh’s in-house venture investment fund and a grant from the Polish Agency for Enterprise Development. uFraction8 shared the news on their Linkedin page.
About uFraction8
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uFraction8, a UK-based company, founded in 2017 by Brian Miller and Monika Tomecka, created microfiltration technology that is designed to optimise cell and biomass production, offering a sustainable, energy-efficient alternative to traditional methods used in the production of food, feed, and bio-based products.
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uFraction8 builds products around a disruptive new liquid particle processing technology. Maintaining an unobstructed flow path allows technology to continue operation in even high suspended solid applications, with operation up to 46% volume fraction maintaining 99.6% +/-0.3% efficiency.
“We are delighted to be supporting Monika and the uFraction8 team in bringing this breakthrough technology to market. At Foresight, we’re committed to supporting pioneering technologies for a sustainable future. uFraction8’s advancements in continuous bioprocessing present transformative opportunities across multiple industries and we are excited to help the company achieve further impact in their important work”, says Rubina Singh, Senior Investment Manager at Foresight Group.
Investment details
The round was led by Foresight Group. The latest investment round also includes funding from the University of Edinburgh’s in-house venture investment fund Old College Capital, Scottish Enterprise, Alwyn Capital, Thia Ventures and a grant from the Polish Agency for Enterprise Development.
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Foresight Group is an independent investor headquartered in the United Kingdom, specializing in infrastructure, private equity, and environmental sectors. The company operates across Europe, Australia, and the United States.
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Foresight Group actively builds and grows investment solutions to support the energy transition, decarbonise industry, enhance nature recovery and realise the economic potential of ambitious companies.
The funds will be used to further commercialise uFraction8’s technology, originally developed at the University of Edinburgh’s School of Engineering. The investment capital will also support further technology development to help transform microalgae industry production processes and drastically reduce the cost of products.
