Mode Labs Secures £3M Investment to Transform Chemical Sensing
Deal News | Apr 16, 2025 | oxford sciences innovation
Mode Labs, an innovative spinout from the University of Oxford, has developed a groundbreaking chemical sensing platform with improved sensitivity, longer deployments, and reduced costs. The company's technology, which originated from quantum computing research, offers 10,000 times the sensitivity of existing solutions while using significantly less reagent and power. With a £3M investment from Oxford Science Enterprises and UOIF, Mode Labs aims to scale its engineering team and bring its products to market, with initial focus on monitoring phosphorus and ammonia in water bodies. This funding supports Mode Labs' mission to deliver low-cost, real-time chemical monitoring solutions that cater to the tightening global environmental regulations. Legal assistance was provided by Mills & Reeve and Oxford University Innovation.
Sectors
- Chemical Sensing and Monitoring
- Environmental Technology
- Venture Capital and Private Equity Investment
Geography
- United Kingdom – Mode Labs is based in Oxfordshire, UK, and the investment activity involves UK-based entities.
- Global – The article mentions a global market opportunity for chemical sensors, indicating potential worldwide impact.
Industry
- Chemical Sensing and Monitoring – The article discusses the development and commercialization of advanced chemical sensing technologies by Mode Labs.
- Environmental Technology – Mode Labs’ focus on real-time water monitoring solutions aligns with the environmental technology sector, driven by regulatory demands.
- Venture Capital and Private Equity Investment – The article highlights the investment activities led by Oxford Science Enterprises and others, thus relating to the investment industry.
Financials
- £3M – Investment secured by Mode Labs to scale operations and bring products to market.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mode Labs | Target Company | Company | A spinout from the University of Oxford focused on revolutionary chemical sensing solutions. |
| Oxford Science Enterprises | Investor | Company | A UK-based private equity firm that led the funding round for Mode Labs. |
| University of Oxford Investment Fund (UOIF) | Investor | Company | A fund associated with the University of Oxford participating in Mode Labs' funding round. |
| GK Goh Ventures | Investor | Company | An investment firm that participated in the £3M funding round for Mode Labs. |
| Mills & Reeve | Legal Advisor | Company | A law firm providing expert legal, investment, and IP advice during the funding round. |
| Oxford University Innovation | Technology Transfer Office | Company | The University of Oxford's office facilitating technology transfer and innovation management. |