About Porotech
Porotech is a Chemicals & Materials company based in Cambridge (United Kingdom) founded in 2018 by Yingjun Liu, Rachel Oliver, and Tongtong Zhu. GaN-based microLED displays for AR and wearables are developed. Porotech has raised $46.68 million across 3 funding rounds from investors including Speedinvest, Martlet Capital and University of Cambridge. The company has 17 employees. Porotech was last valued at $12.72 million in June 2021. Its chief executive, as recorded, is Tongtong Zhu. Its focus areas include High Tech, Advanced Materials, Semiconductors and Gallium Nitride Based. Its legal entity is PORO TECHNOLOGIES LTD.
Company details
Porotech was founded in 2018 in Cambridge, United Kingdom, within the semiconductor sector. MicroLED chips utilizing a single GaN material system are developed for near-eye applications in AR and MR, as well as wearables and consumer electronics. Additional applications encompass lasers, power electronics, quantum computing, and communication technologies. Operations focus on advancing display and optoelectronic solutions.
- Headquarters Cambridge, United Kingdom
- Employees 17
- Founders Yingjun Liu, Rachel Oliver, Tongtong Zhu
- Stage Minicorn
- SectorsChemicals & Materials
- Email••••••••
- Phone•••• ••••
- Website porotech.com
- Social LinkedIn X
- Legal Name Poro Technologies Ltd
- Date of Incorporation 30 Apr, 2018
- Jurisdiction CAMBRIDGE, ENGLAND
- Total Equity Funding$46.68M (USD)
in 3 rounds
- Latest Funding Round$20M (USD), Series A
Feb 2022
- InvestorsSpeedinvest
& 6 more
- Employee Count17
Funding Insights of Porotech
Porotech has successfully raised a total of $46.68M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $46.68M
- Total Rounds 3
- Last Round Series A — $20M
- First Round $1.84M
(Nov 2020)
- Investors Count 7
All 3 funding rounds of Porotech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2022 | $20M | Series A | – | Ameba Capital | |
| Jun 2021 | $24.84M | Series A | – | Speedinvest | |
| Nov 2020 | $1.84M | Seed | $4.2M | University of Cambridge |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2021 | $12.72M | •••••••• |
| Nov 2020 | $4.2M | •••••••• |
Last known valuation $12.72M (Jun 2021). 7 investors in total: 7 institutional.
Investors in Porotech
Porotech has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Speedinvest, Martlet Capital and University of Cambridge.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital and startup acceleration are provided. | 2011 | speedinvest.com | Vienna, Austria | |
Deep tech venture capital firm investing in European and global startups. | iqcapital.vc | |||
Venture capital funds focused on life sciences and tech startups | 2011 | martletcap.com | Cambridge, United Kingdom | |
Angel network investing in the UK | 2002 | cambridgeangels.com | Cambridge, United Kingdom | |
Angel investment network focused on technology startups in the UK. | 2001 | cambridgecapitalgroup.co.uk | Cambridge, United Kingdom | |
Early and growth stage tech-focused VC firm investing primarily in China | amebacapital.com | Shanghai, China | ||
Multiple courses and degrees are offered across diversified academic streams. | 1209 | cam.ac.uk | Cambridge, United Kingdom |
Investor details for Porotech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Porotech
3 people are tracked at Porotech (3 in leadership); the tracked headcount is 17.
| Name | Role | Group |
|---|---|---|
Yingjun Liu | Co-Founder & CTO | Leadership |
Rachel Oliver | Co-Founder & CSO | Leadership |
Tongtong Zhu | Co-Founder & CEO | Leadership |
Complete people profiles for Porotech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Verified entity values are shown only after access is granted.
Timeline of Porotech
4 dated milestones of Porotech across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Porotech is founded.
- Funding First funding round of $1.8M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $20.0M.
Web traffic of Porotech
The website of Porotech (porotech.com) receives about 2.6K visits a month.
- Monthly visits2.6K
▼ 60.1% vs previous month
Websites whose visitors overlap most with Porotech. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| microled-info.com | 100% | #970,637 | View details | ||
hihub.info | hihub.info | 93% | #3,192,979 | – | |
businessinthemidlands.co.uk | businessinthemidlands.co.uk | 87% | #7,363,083 | – |
Top companies in Battery & Advanced Material Systems
2 companies that operate in the same segment as Porotech (Battery & Advanced Material Systems) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Technology is developed to convert carbon dioxide into raw materials. | 2011 | Macclesfield, Cheshire, United Kingdom | USD 43.19 M | |||
Radiation detection solutions are developed for diverse applications. | 2003 | Sedgefield, County Durham, United Kingdom | USD 1.8 M | USD 36.62 M | 165 |
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Frequently Asked Questions about Porotech
Porotech was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Porotech is headquartered in Cambridge, United Kingdom. It is registered at Cambridge, Cambridgeshire, United Kingdom.
Tongtong Zhu is the CEO of Porotech, as recorded in our data. They have also founded this company.
Porotech is a funded company, having raised a total of $46.68M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.84M, raised on Nov 2020.
Porotech has 17 employees.
Porotech was founded in 2018 in Cambridge, United Kingdom, within the semiconductor sector. MicroLED chips utilizing a single GaN material system are developed for near-eye applications in AR and MR, as well as wearables and consumer electronics. Additional applications encompass lasers, power electronics, quantum computing, and communication technologies. Operations focus on advancing display and optoelectronic solutions.
Porotech has 7 investors. Key investors include Speedinvest, Martlet Capital, University of Cambridge, Cambridge Angels, and IQ Capital.
The valuation of Porotech is $12.72M as of Jun 2021.
Porotech operates through Poro Technologies Ltd.