Roslin Technologies embarks on £50m capital raise
- animal health
Published: 13 July 2020
Roslin Technologies, the UK’s specialist AgriTech venture builder, is embarking on a £50 million second round capital raise, valuing their business at more than £55 million.
Our company, which partners closely with the Roslin Institute, creator of Dolly the Sheep, will use the funds to invest in a wide range of cutting-edge AgriTech initiatives and build valuable relationships through its growing number of portfolio companies. The investment round will be led by Milltrust International LLP and JBI Equity, two of the world’s leading AgriTech advisors, and both founding investors in the company.
Founded to help turn 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 has broadened its scope to build partnerships around the world investing both capital and expertise.
Whilst Covid-19 is weighing on certain investments, the company is likely to attract considerable interest due to its non-cyclical and defensive aspects, focused on improving food security and safety. Its sustainable qualities are also in demand — tackling the global food deficit and making agriculture more environmentally efficient.
“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.”
Glen Illing, Chief Executive Officer, Roslin Technologies
“We are truly delighted to reach this important marker of a Series B raise. The venture building approach Roslin Technologies is taking is unique in the industry, and we expect to see the partnership with Edinburgh University continue to develop and grow. The new projects are truly cutting edge and we are excited to see a period of accelerated growth ahead.”
Kristian Bennetsen, JBI Equity Partner
“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.”
Simon Hopkins, Milltrust Chief Executive Officer
Roslin Technologies is based in the Midlothian Science Zone at Roslin, near Edinburgh. The zone is one of the largest animal science innovation hubs in the world.
Source: Roslin Technologies
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Roslin Innovation Centre
- The University of Edinburgh
- Easter Bush Campus
- Midlothian EH25 9RG
Campus Operating Officer and Interim CEO Roslin Innovation Centre: Val Hughes-White
T: +44 (0)131 651 9000
The Roslin Institute
- The University of Edinburgh
- Easter Bush
- Midlothian, EH25 9RG
Enquiries: The Roslin Institute
T: +44 (0)131 651 9100