UCL Technology Fund
UCL's venture fund that invests directly in spinouts rather than licensing IP for royalties.
UCL Technology Fund co-invested in Gigaton's $26m (£19.3m) Series A on 3 June 2026 alongside Cambridge Enterprise Ventures and lead investor Plural, backing the former Carbon Re's machine-learning work on industrial decarbonisation.
Last refreshed: 31 July 2026 · Appears in 1 active topic
Timeline for UCL Technology Fund
Mentioned in: Dealroom projects $34.2bn for UK tech
UK Startups and InnovationClosed a £22.2m Series C for herbicide research
UK Startups and Innovation: Moa raises £22.2m to outrun resistanceco-invested in Gigaton Series A as equity shareholder rather than royalty licensor
UK Startups and Innovation: Gigaton lands $26m for plant autonomyBackground
The UCL Technology Fund is University College London's dedicated venture vehicle for commercialising intellectual property generated by UCL researchers. It is jointly managed by UCL and AlbionVC, a London-based specialist in university and institutional spinout investing, and is headquartered in London.
The fund takes equity in UCL spinouts from seed or early Series A stage and provides capital and mentorship through the growth journey, with the goal of keeping UCL-originated IP embedded in the UK innovation economy rather than licensing it out or allowing early exits to overseas acquirers. This patient-capital model, holding through institutional VC stages, contrasts with simpler licensing arrangements that would generate earlier but smaller returns.
UCL fund co-led a decarbonisation round
UCL Technology Fund co-invested in the $26m (£19.3m) Series A for Gigaton, formerly Carbon Re, alongside Cambridge Enterprise Ventures and lead investor Plural, in a round with roots in both UCL and Cambridge research on machine-learning applications for industrial decarbonisation .
The fund's participation alongside another university's venture vehicle on the same cap table illustrates a growing pattern of cross-institutional co-investment in UK spinouts, with UCL Technology Fund holding its equity position through to this growth round rather than exiting at an earlier, smaller stage.
