The capital raising round values Roslin Technologies at more than £55m
Roslin secures second round of funding. (Credit: Roslin Technologies Ltd.)
Roslin Technologies, a UK-based AgriTech venture company, has announced that it raising £50m in second round capital raise.
The capital raising round values the company at more than £55m.
The investment round will be led by Milltrust International and JBI Equity, which are the two leading AgriTech advisors and the founding investors in Roslin Technologies.
Roslin Technologies is engaged in supporting the conversion of the scientific discoveries of the University of Edinburgh’s Roslin Institute and Royal (Dick) School of Veterinary Studies into marketable solutions for the agricultural and veterinary sectors.
Roslin Technologies CEO Glen Illing, said: “The capital raise is a significant milestone for us, demonstrating our huge potential. Our clients are eagerly embracing technology solutions that our scientists are making, and we’re confident that our new key initiatives in the fields of insect, shrimp and in cultivated meat technology will become large-scale commercial ventures that make a positive difference to world markets.
“Building on this incredible work, we believe Roslin Technologies will become one of the world’s leading AgriTech venture businesses.”
Roslin to invest the funds in AgriTech initiatives
The firm, which closely partners with the Roslin Institute, said that it will utilise the funding to invest in a wide range of cutting-edge AgriTech initiatives and build relationships through its growing number of portfolio companies.
Despite the impact of Covid-19 on certain investments, the firm expects to attract significant interest due to its aspects focused on improving food security and safety.
Milltrust CEO Simon Hopkins said: “As one of the founding investors in Roslin Technologies, it is very exciting to help the company take its next key growth step.
“We always knew the commercial potential for a business working with these leading scientists was excellent, and the next compelling pipeline of projects, along with the current portfolio growth, is tremendous to see.
“I look forward to sharing what has to this point been a well-kept secret to the widest range of investors – institutions, pension funds, family offices – about the considerable potential of Roslin Technologies.”