MILLTRUST INTERNATIONAL
 

Roslin Technologies Embarks on £50m Capital Raise

July 14, 2020

BY Alexander Kalis
MANAGING PARTNER

I am pleased to share with you the exciting news that the British Innovation Fund’s portfolio company, Roslin Technologies, the UK’s specialist AgriTech venture builder, is embarking on a £50 million second round capital raise, valuing the business at more than £55m.

Roslin Technologies, 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.

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 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.”

Commenting on the announcement, Milltrust Chief Executive Officer, 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.

British Innovation Fund Chief Investment Officer, Griff Williams, said: “We are delighted to have supported Roslin Technologies over the last 3 years as it has integrated the leading-edge science of the Roslin Institute to develop a core base of profitable revenue streams. We look forward to being part of the next phase of growth and consolidation as the Company further strengthens its position as a major agri-science innovator, delivering ever greater efficiencies to the provision of protein for global consumers”.

For further information, please contact us.

Alexander Kalis
Managing Partner
Portfolio Manager
Milltrust International LLP

About Milltrust International Group
With a unique multi-local multi-affiliate structure, Milltrust is an FCA authorised asset manager providing innovative impact investment solutions and delivering genuinely differentiated alpha to our investors around the globe.

About the British Innovation Fund
The British Innovation Fund recognises the world-class science and technology development that is being carried out in many of Britain’s top universities. The Fund invests in and nurtures impactful, early-stage companies – helping them reach their full potential and guiding them to world-wide recognition and success.

Now, more than ever, the university spinouts which form the British Innovation Fund’s investment universe require our support and funding to ensure that the cutting-edge science and technology being developed in British universities continue to progress in these challenging times.

About Roslin Technologies
Roslin Technologies, an investee company of Milltrust’s British Innovation Fund, is the technology commercialisation company of the University of Edinburgh’s Roslin Institute. Based at Easter Bush Campus, the largest concentration of animal science expertise in Europe, Roslin Technologies exists to deliver breakthrough commercial solutions in the Animal Health, Breeding/Genetics and Animal Nutrition space based on the expert agricultural research of the Institute

Intro to Roslin Technologies

Glen Illing, CEO, gives an overview of Roslin Technologies