Roslin Technologies, the UK’s specialist AgriTech venture builder, is embarking on a £50 million second round capital raise, valuing the Edinburgh-based company at more than £55m.
The four-year-old business, which partners closely with the Roslin Institute 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, the company has broadened its scope to build partnerships around the world investing both capital and expertise. Recent investments include a Singapore-based business which turns insects into animal feed and fertiliser in a single process.
Commenting on the announcement, Chief Executive Officer 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 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.”