Atomik receives £125k investment from LYVA Labs
Deal News | Jan 28, 2025 | Business Cloud
Atomik AM, a spinout from the University of Liverpool, has secured a £125,000 investment from LYVA Labs. The innovative company focuses on engineering solutions within the advanced manufacturing sector and plans to use the funding to drive product commercialisation efforts. The investment aims to help Atomik AM develop new intellectual property, secure a new patent, and create several new positions, including a COO role. Founder and CEO Professor Kate Black, who previously sold Meta Additive Ltd, sees the investment as a validation of the company's groundbreaking work in additive manufacturing. Atomik AM has a track record of successful collaborations with prominent companies and intends to leverage this funding to expand their capabilities and push for further innovations. LYVA Labs' head of investments, Akshay Bhatnagar, expressed hope for additional collaborations with the university, highlighting the Liverpool City Region's commitment to supporting advanced manufacturing R&D. The investment by LYVA Labs is part of a broader initiative backed by the Liverpool City Region Combined Authority, which allocated £10.5 million to support innovators aiming to transform ideas into high-growth businesses, aligning with Mayor Steve Rotheram's goal to invest 5% of the regional GVA into R&D by 2030.
Sectors
- Advanced Manufacturing
- Research and Development
Geography
- United Kingdom – The University of Liverpool and LYVA Labs, key entities in this article, are based in the UK, specifically within the Liverpool City Region.
- Liverpool City Region – This area is highlighted due to its emphasis on fostering innovation and investment in R&D, exemplified by the support from the local combined authority.
Industry
- Advanced Manufacturing – Atomik AM operates within the advanced manufacturing industry, focusing on engineering innovative solutions and additive manufacturing processes.
- Research and Development – The investment supports the development of new technologies and intellectual property, which is a crucial part of R&D efforts emphasized by the Liverpool City Region.
Financials
- £125,000 – Investment amount received by Atomik AM from LYVA Labs.
- £10.5 million – Amount invested by Liverpool City Region Combined Authority into LYVA Labs for regional innovation support.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Atomik AM | Target Company | Company | A spinout from the University of Liverpool, focusing on advanced manufacturing solutions. |
| LYVA Labs | Investor | Company | An investment firm supporting innovators in the Liverpool City Region, funded in part by the local combined authority. |
| University of Liverpool | Parent Institution | Education | The parent institution of Atomik AM, providing the foundational environment for its innovations. |
| Professor Kate Black | Founder and CEO | Person | Founder of Atomik AM, with a background in exiting a previous advanced manufacturing business, Meta Additive Ltd. |
| Liverpool City Region Combined Authority | Funding Body | Government | Invests in regional R&D initiatives, including funding for LYVA Labs. |
| Akshay Bhatnagar | Head of Investments at LYVA Labs | Person | Responsible for overseeing investment activities at LYVA Labs. |
| Steve Rotheram | Mayor of Liverpool City Region | Government | Advocates for significant regional investment in R&D as a part of a broader economic strategy. |