June 2024 Newsletter

Another month has flown by, and we are now officially into summer. Someone, please remind the sun ?.

?Before we dive into the Tech news, we are curious to know what other podcasts you listen to for business or pleasure. Leave a reply below or email us at [email protected]. Thanks in advance.

May's Cambridge Tech news highlights:

Moves

• Innovate Cambridge announced that Kathryn Chapman would be succeeding Tabitha Goldstaub as Executive Director. To learn more about Innovate Cambridge's mission, listen to Episode 56 of the podcast.

Deals

• Endomag, A Hologic Company is set to be acquired by Hologic, Inc. Inc – a NASDAQ-quoted firm based in Marlborough, Massachusetts – for $310 million. Endomag develops and sells breast surgery localisation and lymphatic tracing technologies.
• Camlab Ltd Ltd is to be acquired by Calibre Scientific for an undisclosed sum
• Our news partner Business Weekly newspaper believes ソフトバンク is in talks to buy another hi-tech business with Cambridge interests – Graphcore . Sale talks have been ongoing for months, and a sale could go through by the summer, Business Weekly understands.
• Raspberry Pi is floating on the Main Market of the London Stock Exchange – with a value of the? IPO? estimated to be around ￡500m. Listen to our interview with Raspberry Pi CEO Eben Upton from Episode 10.
• IQGeo , the listed geospatial software solutions firm, is set to be acquired by KKR in a private equity deal valued at ￡333 million.
• Martlet is under new management. EMV Capital plc , a VC investor specialising in high-growth DeepTech and Life Sciences companies has acquired Martlet Capital’s operational business.

Data

• KPMG released their Private Enterprise Venture Pulse report. Nearly ￡335 million ($423m) of VC cash was invested in businesses across East Anglia in Q1 2024, representing 24 deals completed across Cambridge, Essex, Suffolk and Norfolk according to data compiled by PitchBook . The largest raise came from Cambridge-based drug discovery company Apollo Therapeutics ($260m), which was ranked one of the top 10 largest financings in Europe during the quarter. Other stand out deals included Cambridge Mechatronics Ltd Limited ($40m), ￡25.2m for Mission Therapeutics and a ￡6.7m raise for Tagomics , the first company to occupy the new Illumina Ventures Labs space in Cambridge.
• The Cambridge tech ecosystem has a value of $191 billion, representing 18 per cent of the entire UK’s tech ecosystem and more than Spain and Italy combined, according to new analysis by Dealroom.co for Founders at the University of Cambridge .

We published four new episodes of the podcast in May, the recaps of which are down below in case you missed anything of interest. If you are enjoying the podcast, spread the word, and please give us a rating on your favourite podcasting app - ratings give us precious algorithm juice!

Thanks,

Faye & James

cambridgetechpodcast.com | [email protected]

May 5th, Episode 86 - Spring winners from Angels@Essex pitching event

We talk to the winners of the Angels@Essex Invest in Innovation event, along with organiser John Stenhouse FIOEE from the 英国埃塞克斯大学 .

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May 12th, Episode 87 - Find out about Cambridge Wide Open Day 2024

The second Cambridge Wide Open Day is on June 12th. To learn more, we are joined by its creators, Prashant Shah and Aline Charpentier .

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May 19th, Episode 88 - Showcase of the annual SciTechAwards

The SciTech Awards are a key part of the awards calendar for Cambridge. This week learn more about them and the 2024 nominees and winners.

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May 26th, Episode 89 - Fixing the broken food chain with Miha Pipan, Better Origin

Learn how Better Origin uses AI and the black soldier fly to tackle food waste and revolutionise our food chain.

Listen Now

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