About Porotech
Porotech is a company based in Cambridge (United Kingdom) founded in 2018 by Yingjun Liu, Rachel Oliver, and Tongtong Zhu. 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 as of February 28, 2023. Porotech operates in a competitive market with competitors including Element Six, GaN Systems, Diamond Foundry, Tagore and Comptek Solutions, among others.
- Headquarter Cambridge, United Kingdom
- Employees 17 as on 28 Feb, 2023
- Founders Yingjun Liu, Rachel Oliver, Tongtong Zhu
- Stage Minicorn
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Sectors
Chemicals & Materials
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Poro Technologies Ltd
- Date of Incorporation 30 Apr, 2018
- Jurisdiction CAMBRIDGE, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$46.68 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series A
Feb 22, 2022
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Investors
Speedinvest
& 6 more
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Employee Count
17
as on Feb 28, 2023
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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 Total Funding
- Total Rounds 3
- Last Round Series A — $20.0M
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First Round
First Round
(11 Nov 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series A - Porotech | Valuation | Ameba Capital | |
| Jun, 2021 | Amount | Series A - Porotech | Valuation | Speedinvest | |
| Nov, 2020 | Amount | Seed - Porotech | Valuation | University of Cambridge |
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 |
|---|---|---|---|---|
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Early-stage venture capital and startup acceleration are provided.
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Founded Year | Domain | Location | |
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Deep tech venture capital firm investing in European and global startups.
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Founded Year | Domain | Location | |
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Venture capital funds focused on life sciences and tech startups
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Founded Year | Domain | Location |
Investments & Acquisitions by Porotech
Financial Statements - Porotech
Porotech Comparisons
Competitors of Porotech
Porotech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Element Six, GaN Systems, Diamond Foundry, Tagore and Comptek Solutions, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Synthetic diamonds are manufactured for industrial tools and technologies.
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| domain | founded_year | HQ Location |
Semiconductor and system solutions are manufactured for diverse applications.
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| domain | founded_year | HQ Location |
Technology company that specializes in creating diamonds using sustainable and eco-friendly methods
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| domain | founded_year | HQ Location |
GaN semiconductor technology is provided for RF and power applications.
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| domain | founded_year | HQ Location |
Provider of III-V compound semiconductor material
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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 current CEO of Porotech. 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 11, 2020.
As of Feb 28, 2023, the latest employee count at Porotech is 17.
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's top competitors include Diamond Foundry, GaN Systems and Comptek 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.