About SmartKem
SmartKem is a company based in Manchester (United Kingdom) founded in 2009.. 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 as of December 31, 2024. SmartKem offers products and services including TRUFLEX Materials, EDA Tools, and Foundry Services.
- Headquarter Manchester, United Kingdom
- Employees 29 as on 31 Dec, 2024
- Stage Public
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Sectors
TechnologyChemicals & Materials
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Smartkem, Inc.
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Annual Revenue
$82 K203.7as on Dec 31, 2024
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Net Profit
$-10.33 M-21.54as on Dec 31, 2024
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EBITDA
$-10.88 M-5.27as on Dec 31, 2024
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Total Equity Funding
$55.03 M (USD)
in 23 rounds
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Latest Funding Round
$7.65 M (USD), Post-IPO
Dec 20, 2024
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Investors
BASF
& 19 more
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Employee Count
29
as on Dec 31, 2024
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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.
Products & Services of SmartKem
SmartKem offers a comprehensive portfolio of products and services, including TRUFLEX Materials, EDA Tools, and Foundry Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Advanced inks for organic thin-film transistors in electronics
Software for developing flexible electronic circuits
Prototyping and testing for electronic products
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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 Total Funding
- Total Rounds 23
- Last Round Post-IPO — $7.6M
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First Round
First Round
(19 May 2009)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Post-IPO - SmartKem | Valuation |
investors |
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| Dec, 2024 | Amount | Grant - SmartKem | Valuation |
investors |
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| Sep, 2024 | Amount | Post-IPO - SmartKem | Valuation |
investors |
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| 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 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. 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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Venture capital investment and support for founders in technology and health sectors.
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Founded Year | Domain | Location | |
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Early-stage investments in US tech and life sciences are targeted.
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Founded Year | Domain | Location | |
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Tech & life science focused stage agnostic VC firm investing primarily in Western Europe
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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 SmartKem
| 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 - SmartKem
| 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 |
Smartkem Comparisons
Competitors of SmartKem
| 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 Smartkem
Frequently Asked Questions about SmartKem
When was SmartKem founded?
SmartKem was founded in 2009.
Where is SmartKem located?
SmartKem is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
Who is the current CEO of SmartKem?
Ian Jenks is the current CEO of SmartKem.
Is SmartKem a funded company?
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 Post-IPO of $152.4K, raised on May 19, 2009.
How many employees does SmartKem have?
As of Dec 31, 2024, the latest employee count at SmartKem is 29.
What is the annual revenue of SmartKem?
Annual revenue of SmartKem is $82K as on Dec 31, 2024.
What does SmartKem do?
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.
What products or services does SmartKem offer?
SmartKem offers TRUFLEX Materials, EDA Tools, and Foundry Services.
Is SmartKem publicly traded?
Yes, SmartKem is publicly traded on NASDAQ under the ticker symbol SMTK.
Who are SmartKem's investors?
SmartKem has 20 investors. Key investors include BASF, Development Bank of Wales, UK Research and Innovation, European Union, and Zaz Ventures.
What is SmartKem's ticker symbol?
The ticker symbol of SmartKem is SMTK on NASDAQ.
What is SmartKem's valuation?
The valuation of SmartKem is $14.13M as of Jul 2014.
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