Empirical Ventures, founded by former members of Bristol spinout Ziilo, has secured £8.25m for its deep science fund, S/EIS. The ultimate goal is to reach £10 million in funding to provide greater support to early-stage deep science startups. Products supported by Empirical range from brain implants to robotic harvesters to vaccine temperature management. The company’s deep science criteria cover areas as diverse as life sciences, advanced materials, photonics and quantum hardware, robotics and automation, agchem/tech and deeptech.

The firm aims to advance deep technology in the UK by looking after potential deep science investments, reducing risk for its investors and co-investors. The British Business Investments Regional Angels Program awarded £5m to the fund, with the remaining £3.25m coming from other investors. Co-founders and experienced investors Dr Jonathan Matlock and Dr Ben Miles have a history of scaling and investing in deep science in the UK. They originally met at the University of Bristol, Ziilo, in 2016, where they were part of the core science team.

Dr Matlock expressed his excitement about the increase in funding, emphasizing the importance of supporting innovative startups that address future challenges such as climate change and healthcare accessibility. He also highlighted the focus on new technologies driven by fundamental research and Empirical Ventures’ role in validating and funding early-stage new technologies to help founders navigate their path to success.

By Samantha Johnson

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