Roslin Technologies looks to the future

Roslin Technologies is embarking on a £50 million second round capital raise, valuing the Midlothian-based company at more than £55m.

Friday, 17th July 2020, 6:50 am
Roslin Technologies is an innovative AgriTech venture builder company based in the Midlothian Science Zone, near Penicuik. Photo by Andrew Smith.

The four-year-old business, 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 relationships through its growing number of portfolio companies.

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.”

The investment round will be led by Milltrust International LLP and JBI Equity.

JBI Equity partner Kristian Bennetsen said: “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 the University of Edinburgh continue to develop and grow. The new projects are truly cutting edge and we are excited to see a period of accelerated growth ahead.”

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.”