About SmartKem
SmartKem is a publicly listed company based in Manchester (United Kingdom) founded in 2009. Application-specific organic materials for thin-film transistors are developed. It operates in the Technology and Chemicals & Materials sectors. SmartKem has raised $55.03 million across 23 funding rounds from investors including BASF, Development Bank of Wales and UK Research and Innovation. The company has 29 employees. SmartKem was last valued at $14.13 million in July 2014. Its chief executive, as recorded, is Ian Jenks. SmartKem offers products and services including TRUFLEX Materials, EDA Tools, and Foundry Services. Its focus areas include High Tech, Advanced Materials, Semiconductors and Material for TFT. Its legal entity is Smartkem Ltd.
Company details
SmartKem was established in 2009 in Manchester, United Kingdom, within the organic semiconductors sector. Organic materials tailored for thin-film transistors are created to support flexible displays and electronics production. Transistor backplanes for smartwatch displays are among the targeted applications. Inks and coatings designed for integration into electronic devices are supplied as well. Operations center on advancing materials for display and electronics manufacturing.
- Headquarters Manchester, United Kingdom
- Employees 29
- Stage Public
- SectorsTechnologyChemicals & Materials
- Email••••••••
- Phone•••• ••••
- Website smartkem.com
- Social LinkedIn X Facebook
- Legal Name Smartkem, Inc.
- Annual Revenue$697 K (USD)750as on Dec 31, 2025
- Net Profit-$10.51 M (USD)-1.73as on Dec 31, 2025
- EBITDA-$13.55 M (USD)-24.54as on Dec 31, 2025
- Total Equity Funding$55.03M (USD)
in 23 rounds
- Latest Funding Round$7.65M (USD), Post-IPO
Dec 2024
- InvestorsBASF
& 19 more
- Employee Count29
Products & Services of SmartKem
SmartKem offers a comprehensive portfolio of products and services, including TRUFLEX Materials, EDA Tools, and Foundry Services.
Advanced inks for organic thin-film transistors in electronics
Software for developing flexible electronic circuits
Prototyping and testing for electronic products
Funding Insights of SmartKem
SmartKem has successfully raised a total of $55.03M across 23 strategic funding rounds. The most recent funding activity was a Post-IPO round of $7.65 million completed in December 2024. 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 $55.03M
- Total Rounds 23
- Last Round Post-IPO — $7.65M
- First Round $232,100
(May 2009)
- Investors Count 20
Latest 10 of 23 funding rounds of SmartKem 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 |
|---|---|---|---|---|---|
| Dec 2024 | $7.65M | Post-IPO | – | – | – |
| Dec 2024 | $1.14M | Grant | – | – | |
| Sep 2024 | $152,400 | Post-IPO | – | – | – |
| Mar 2024 | $347,500 | Post-IPO | – | – | – |
| Jun 2023 | $14.33M | Post-IPO | – | – | – |
| Jul 2022 | $720,000 | Post-IPO | – | – | – |
| May 2022 | $100,000 | Post-IPO | – | – | – |
| Jan 2022 | $2M | Series B | – | – | |
| Aug 2021 | $120,000 | Series B | – | – | – |
| May 2021 | $100,000 | Series B | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2014 | $14.13M | •••••••• |
| Oct 2012 | $5.42M | •••••••• |
| Mar 2011 | $••••• | •••••••• |
Full valuation and stage history of SmartKem
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $14.13M (Jul 2014). 20 investors in total: 10 institutional and 10 angel.
Investors in SmartKem
SmartKem has secured backing from 20 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include BASF, Development Bank of Wales and UK Research and Innovation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investment and support for founders in technology and health sectors. | octopusventures.com | |||
Early-stage investments in US tech and life sciences are targeted. | montrosecapital.com | Miami, United States | ||
Tech & life science focused stage agnostic VC firm investing primarily in Western Europe | entrepreneursfund.com | London, United Kingdom | ||
Provider of equity funding and business & property development loans | 2001 | developmentbank.wales | Wrexham, United Kingdom | |
| portongroup.com | ||||
Government agency and accelerator focusing on innovative startups and SMEs | eicfund.eu | Brussels, Belgium | ||
Research and innovation funding is managed for UK advancement. | 2018 | ukri.org | Swindon, United Kingdom | |
Chemicals and related products are produced and marketed globally. | 1865 | basf.com | Florham Park, United States | |
Management consulting and fundraising services are provided by Zaz Ventures. | 2002 | zazventures.com | Brussels, Belgium | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for SmartKem
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People of SmartKem
9 people are tracked at SmartKem (6 in leadership, 2 in board & advisors, 1 in team); the tracked headcount is 29.
| Name | Role | Group |
|---|---|---|
Ian Jenks | CEO | Leadership |
Christine Padula | Vice President Finance | Leadership |
Barbra Keck | Chief Financial Officer | Leadership |
Selena Kirkwood | Head Of Communications | Leadership |
Simon Ogier | CTO | Leadership |
Steven Tsai | Head Of Technology Transfer | Leadership |
Sri Peruvemba | Board Director | Board & advisors |
Steve Denbaars | Member Board Of Directors | Board & advisors |
Tim Pease | Design & FA Engineer | Team |
Complete people profiles for SmartKem
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IPO & Listings of SmartKem
SmartKem is a publicly listed company on the NASDAQ with ticker symbol SMTK in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date04 Feb 2022
- Listed onOTCMKTS: SMTK
- Listed entitySmartKem, Inc.
- Exchange sectorElectronic technology
- ISINUS83193D3026
- Share price$0.74 (-30.3% on the day) · 2026-10-13
- Market capitalisation$765,248.00
- EPS (diluted, trailing year)$-111.35
- Volume (last session)1,388,550
Financials of SmartKem
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $697,000 | -$10.5M | -$13.6M |
| 2024 | $82,000 | -$10.3M | -$10.9M |
| 2023 | $27,000 | -$8.5M | -$10.3M |
| 2022 | $40,000 | -$11.5M | -$10.4M |
| 2021 | $18,000 | -$17.1M | -$15.8M |
Detailed financial statements for SmartKem
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Timeline of SmartKem
5 dated milestones of SmartKem across 15 years, from founding to its latest funding, stage changes and deals.
- Founded SmartKem is founded.
- Funding First funding round of $232K.
- Milestone Reaches Minicorn status.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $7.6M.
Web traffic of SmartKem
The website of SmartKem (smartkem.com) receives about 2.6K visits a month.
- Monthly visits2.6K
▲ 4.6% vs previous month
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Frequently Asked Questions about SmartKem
SmartKem was founded in 2009.
SmartKem is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
Ian Jenks is the CEO of SmartKem, as recorded in our data.
SmartKem is a funded company, having raised a total of $55.03M across 23 funding rounds to date. The company's 1st funding round was a Series B of $100K, raised on May 2009.
SmartKem has 29 employees.
Annual revenue of SmartKem is $697K as on Dec 31, 2025.
SmartKem was established in 2009 in Manchester, United Kingdom, within the organic semiconductors sector. Organic materials tailored for thin-film transistors are created to support flexible displays and electronics production. Transistor backplanes for smartwatch displays are among the targeted applications. Inks and coatings designed for integration into electronic devices are supplied as well. Operations center on advancing materials for display and electronics manufacturing.
SmartKem offers TRUFLEX Materials, EDA Tools, and Foundry Services.
Yes, SmartKem is publicly traded on NASDAQ under the ticker symbol SMTK.
SmartKem has 20 investors. Key investors include BASF, Development Bank of Wales, UK Research and Innovation, European Union, and Zaz Ventures.
The valuation of SmartKem is $14.13M as of Jul 2014.
SmartKem operates through Smartkem Ltd.