Project Ventures hit first close on a £5 million fund for deeptech and Science companies rooted at Imperial College London on 21 September, with more than 80% of its limited partners, the investors whose money a fund spends, drawn from Imperial alumni 1. American universities have run this loop for decades, where graduates who did well fund the next cohort out of the same institution. British ones have generally not, and the absence shows up as spinouts hunting for a first cheque from strangers while deal counts fall . A fund this size writes small tickets and will not move the market. What it tests is whether an alumni base can be organised into an investor base at all, and a first close answers that question before the returns do.
21SEP
Imperial alumni fund hits £5m close
1 min read
16:52UTC
Project Ventures reached first close on a £5 million Imperial-linked fund on 21 September, with more than 80% of its limited partners drawn from Imperial College London alumni.
TechnologyDeveloping
Key takeaway
Imperial alumni have been organised into an investor base for the college's own spinouts.
Deep Analysis
In plain English
Project Ventures has raised its first £5m toward a new investment fund, with more than 80% of the money coming from people who studied at Imperial College London. This is a different funding model from a typical venture fund: instead of raising money mainly from institutions like pension funds or banks, it draws on alumni who want to put money back into companies founded by people from their own university.
Sources:Tech.eu
First Reported In
Update #15 · Nscale takes $103.4bn of contracts to NYSE
Tech.eu· 21 Sept 2026
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