Plexal

Plexal, founded in 2016 and located in London, is Europe’s largest innovation ecosystem, situated at Queen Elizabeth Olympic Park. It operates as a mini-city that integrates civic spaces and community services with flexible private offices, fostering a vibrant community of innovators and collaborators focused on enhancing life through technology. Plexal offers a comprehensive range of business services, including innovation and accelerator programs, in-house professional services, and a makers lab for rapid prototyping. The organization also provides entrepreneurship training, mentorship, and hosts industry-leading events, all designed to support and nurture the development of new ideas and technologies.

Saj Huq

Chief Commercial Officer and Director of Innovation Services

Andrew Roughan

CEO

11 past transactions

CyberCyte

Non Equity Assistance in 2024
CyberCyte is a UK based cybersecurity company that provides a framework of solutions based on the concept of Circle of Zero Trust for identity, network, and end-point security. CyberCyte products have become the preferred technology in major international banks, enterprises and government agencies to protect their users and digital assets seamlessly with minimum operational overhead. CyberCyte is consolidating its solutions in a new platform called CloudCyte. CloudCyte is a multi-tenant SaaS platform designed to provide 360° Security for End-Users. The system allows organisations and MSSP's to deploy the solution on their premise or any cloud platform in minutes.

Angoka

Non Equity Assistance in 2024
Angoka is an IoT security company based in Belfast, with additional offices in London and The Hague, specializing in the protection of machine-to-machine communications for smart cities and mobility solutions. The firm focuses on safeguarding device identities and ensuring the integrity of critical communications and data provenance in an increasingly insecure IoT landscape. By managing cybersecurity risks associated with connected and autonomous vehicles, Industry 4.0, and various IoT devices, Angoka enables clients to transmit and process information securely, thereby significantly reducing the likelihood of cyber-attacks on their systems and infrastructures. The company has gained recognition for its technology through participation in prestigious programs such as Zenzic’s CAM Scale-Up Programme and the NCSC’s Cyber Accelerator, and it has received funding for multiple R&D projects aimed at securing quantum communications and drone technology.

Magdrive

Seed Round in 2024
Magdrive Limited, founded in 2019 and based in Didcot, United Kingdom, focuses on developing advanced spacecraft propulsion systems specifically for small satellites. The company has created a next-generation plasma thruster technology that merges the high thrust capabilities of chemical rockets with the efficiency of electric thrusters. This innovation allows spacecraft to achieve faster speeds and extend mission durations while minimizing the amount of propellant needed for various maneuvers. By improving fuel efficiency, Magdrive aims to provide satellite operators and manufacturers with a more cost-effective means of accessing space, particularly for missions in Low Earth Orbit.

Physical Mind London

Non Equity Assistance in 2024
Physical Mind London specializes in designing and manufacturing exercise hardware solutions for astronauts and parastronauts. Their products include advanced microgravity and terrestrial multi-exercise countermeasures, equipment, training solutions, astronaut monitoring systems, and exercise programming. The company aims to enhance clients' clinical bone and muscle health.

BioOrbit

Non Equity Assistance in 2024
BioOrbit is a space manufacturing company that specializes in developing hardware for large-scale protein drug crystallization. It operates a pharmaceutical factory in microgravity, aiming to produce more perfect and smaller protein crystals, ideal for pharmaceutical use. This process enables a shift from hospital-based intravenous administration to convenient at-home subcutaneous injection, aligning with the increasing demand for home-based care.

Yondar

Non Equity Assistance in 2024
Yondar provides unique and accessible STEM-focused instructional tools to students worldwide.

D-RisQ

Non Equity Assistance in 2024
D-RisQ Ltd. is a company based in Malvern, United Kingdom, that specializes in IT consulting services with a focus on enhancing system safety through the development of automated software verification tools. Founded in 2011, D-RisQ offers products such as Kapture, which helps users formulate clear and verifiable software requirements, and Modelworks, which automates the verification of designs created in Simulink and Stateflow. The company's innovative approach employs formal methods of mathematical technology, enabling efficient verification of software from design to object code. This reduces the reliance on extensive testing and highly trained engineers, allowing businesses in diverse sectors, including aerospace, automotive, and security, to meet stringent regulatory standards more cost-effectively and swiftly than traditional methods.

Aquark Technologies

Non Equity Assistance in 2024
Aquark Technologies specializes in the development of compact cold-atom systems aimed at advancing quantum applications such as atomic clocks, sensors, and navigation systems. The company employs a unique laser geometry technique, stemming from over a decade of proprietary research at the University of Southampton, to miniaturize these systems to the size of a matchbox. This innovation enables the creation of plug-and-play quantum devices that offer portability and support the integration of quantum technologies into everyday life, paving the way for the next generation of quantum sensing and computing solutions.

LIA Aerospace

Non Equity Assistance in 2024
LIA Aerospace specializes in developing and commercializing green, non-toxic bi-propellant spacecraft propulsion systems. Their innovative solutions enable NewSpace companies to rapidly achieve commercial operation, accelerating growth and facilitating more ambitious missions. By offering propulsion systems that are more efficient, safer, and environmentally friendly than traditional options, LIA Aerospace helps reduce the environmental impact of space launches, making space more accessible and affordable.

Calnex Solutions

Non Equity Assistance in 2024
Calnex Solutions is a leading provider of test and measurement solutions specifically designed for the telecommunications sector. The company specializes in creating instrumentation that verifies and monitors the performance and reliability of various network synchronization and operations, including technologies such as 1588v2, NTP, Sync-E, CES, E-OAM, and MPLS-TP OAM. Calnex's products cater to a diverse clientele, including network operators, systems suppliers, and laboratories across multiple regions, with significant revenue generated from the Americas. The company's focus on quality and innovation positions it as a key player in ensuring optimal network performance and reliability.

Applied Atomics

Non Equity Assistance in 2024
Applied Atomics is a company focused on sustainable aerospace components aimed at advancing space propulsion technologies. It is currently developing a novel hybrid thruster designed for small satellite propulsion. Additionally, Applied Atomics has a long-term vision that includes the exploration of nuclear electric propulsion and deep space services. Through these innovations, the company seeks to enable humanity to explore the universe while emphasizing sustainability in its operations.
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