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 |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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 |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Porotech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Porotech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| 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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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Porotech
Frequently Asked Questions about Porotech
When was Porotech founded?
Porotech was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Porotech located?
Porotech is headquartered in Cambridge, United Kingdom. It is registered at Cambridge, Cambridgeshire, United Kingdom.
Who is the current CEO of Porotech?
Tongtong Zhu is the current CEO of Porotech. They have also founded this company.
Is Porotech a funded 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.
How many employees does Porotech have?
As of Feb 28, 2023, the latest employee count at Porotech is 17.
What does Porotech do?
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.
Who are the top competitors of Porotech?
Porotech's top competitors include Diamond Foundry, GaN Systems and Comptek Solutions.
Who are Porotech's investors?
Porotech has 7 investors. Key investors include Speedinvest, Martlet Capital, University of Cambridge, Cambridge Angels, and IQ Capital.
What is Porotech's valuation?
The valuation of Porotech is $12.72M as of Jun 2021.
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