NEWS14 May 2021

Businesses supported by University of Surrey raise £13.2m despite global pandemic

SETsquared has released data which shows that companies supported by the University of Surrey, including SETsquared Surrey, have raised £13.2m worth of investment from private and public sources in 2020.

This is also reflected in the national picture whereby SETsquared member companies raised a record level of investment totalling £616m, which represents a 40% increase on 2019.

These companies will have received support through a range of different programmes including through the SETsquared Surrey Innovation Centre, ICURe innovation to commercialisation programme, research commercialisation services and student enterprise support.

“The record-setting £616m raise reflects the hard work of hundreds of committed founders and innovators across the SETsquared ecosystem who are developing technologies which will transform the future, from the way we live, travel and learn to the way we care for each other and our environment” said Simon Bond, Innovation Director at SETsquared.

“It shows that even during a global pandemic, strong ventures with good university connections, ambitious teams and the right support, will continue to raise investment.”

SETsquared Surrey member Playwaze raised £400k in 2020 for its digital sports technology platform used by organisations and activity providers to manage sport and physical activity online and using solutions #PoweredByPlaywaze.

SETsquared, the global no. 1 university business incubator and enterprise partnership of research-intensive universities Bath, Bristol, Exeter, Southampton and Surrey, supports tech-based businesses from start-up to scale-up with a range of specialist programmes to help companies grow and raise investment.