About Undaunted
Undaunted, an accelerator and incubator program founded in 2012, is based in London, United Kingdom. With a presence in 7 countries, it has supported around 134 startups in sectors like Environment Tech, High Tech. As of Jun 2026, Undaunted has witnessed 2 portfolio exits. Most notable companies in
its portfolio include Addionics, Shellworks and Econic Technologies. The program is backed by a team of 14 people who primarily support Grant (prize money) startups based in United Kingdom. Its latest investment was a $1M Seed round in Planet Smart on Nov 18, 2025, which also saw participation from General Inception and Vertical Venture Partners.
Key Metrics
Founded Year
2012
Location
London, United Kingdom
Portfolio Companies
Sectors of Investment
Stages of Investment
Grant (prize money) & Seed
Locations of Investment
Undaunted's List of Top Investments
Undaunted has a portfolio of 134 companies. Their most notable investments include Addionics and Shellworks.Their portfolio spans across United Kingdom, United States, Spain and 4 more locations. They have invested in Environment Tech, High Tech, Food and Agriculture Tech and 26 other sectors, across stages such as Grant (prize money), Seed stages. Here is the list of top investments by Undaunted:1. Addionics
Manufacturer of three-dimensional current collectors designed for advanced battery performance. These collectors facilitate faster charging, lighter weight, and higher conductivity in batteries. The technology is designed for seamless integration into existing battery assembly lines. The current collectors are compatible with traditional coating processes, enabling use with existing and emerging battery chemistries.
Key facts about Addionics
2. Shellworks
Shellworks is a biotech startup that aims to eliminate plastic waste by creating sustainable bio-polymer products. They use waste crustacean shells to develop biodegradable and compostable alternatives to plastic packaging.
Key facts about Shellworks
- Founded Year: 2018
- Location: London (United Kingdom)
- Stage: Series A
- Total Funding till date: $22.1M
- Employee Count: 45 as on May 31, 2026
- Investors: JamJar Investments, Founder Collective and 11 Others
- Latest Funding Round: Series A, Oct 13, 2025, $*****
- Highlight: Editors' Pick
Developer of technology that transforms carbon dioxide into valuable raw materials. The technology licenses a process using a unique catalyst to replace fossil-based materials. This process enables manufacturers to create polyols and surfactants for various consumer products. The technology can be incorporated into existing supply chains. It offers an energy-efficient and cost-competitive alternative.
Key facts about Econic Technologies
- Founded Year: 2011
- Location: Macclesfield (United Kingdom)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $43.2M
- Employee Count: 52 as on May 31, 2026
- Investors: State Street Global Advisors, Climate Investment and 44 Others
- Latest Funding Round: Series E, Oct 15, 2024, $*****
- Highlight: Editors' Pick
4. Immaterial
Key facts about Immaterial
- Founded Year: 2015
- Location: Cambridge (United Kingdom)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $18.2M
- Employee Count: 9 as on Mar 31, 2022
- Investors: Chevron Technology Ventures, JERA and 12 Others
- Latest Funding Round: Series A, Feb 17, 2026, $*****
5. GrowUp Farms
Vertical farm growing fresh, sustainable leaves year-round with renewable energy. They cultivate crisp, pesticide-free leaves using vertical farming techniques powered by renewable energy. Their commitment extends beyond providing fresh produce to include positive environmental impact, community support, and improvement of the food supply chain. They are a certified B Corp, adhering to high standards of social and environmental performance. Their leaves are available in major supermarkets. They focus on sustainability, innovation, and creating a thriving environment for their team. They are dedicated to changing the world by growing better, offering fresh, flavorful leaves while minimizing waste and maximizing taste.
Key facts about GrowUp Farms
- Founded Year: 2013
- Location: Sandwich (United Kingdom)
- Annual Revenue: £1M - £10M as on Dec 31, 2024
- Stage: Series B
- Total Funding till date: $49.3M
- Employee Count: 54 as on May 31, 2026
- Investors: Future Fund, Flourish and 38 Others
- Latest Funding Round: Series B, Jul 17, 2024, $*****
- Highlight: Editors' Pick
Undaunted's Year-on-Year Investment Trends
Undaunted has invested in 134 companies over the last 4 years, with an average of 1 new investment annually in the last 3 years. In 2025, it made 1 investment. Its most recent first time investment was in Planet Smart.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 1 | 0 | 1 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
Undaunted's Investments by Stage
Undaunted has made 2 investments in Grant (prize money) stage with an average round size of $26.2K and 1 investment in Seed stage with an average round size of $1M.Stage of entry | No. of Investments |
|---|---|
Grant (prize money) | 2 |
Seed | 1 |
Note: We have considered here, only first round of investments
Undaunted's Investments by Sector
Undaunted has a diverse portfolio, with companies operating in the Environment Tech, Sustainability Tech, Chemicals and Materials Tech, Environment and High Tech. Notably, it has invested in 91 Tech companies, 88 Enterprise (B2B) companies, 33 Software companies and at least 23 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Environment Tech | 2 |
Sustainability Tech | 2 |
Chemicals and Materials Tech | 1 |
Environment | 1 |
High Tech | 1 |
Note: We have considered here, only first round of investments
Undaunted's Investments by Geography
Undaunted has made most investments in United Kingdom (3).Undaunted's recent investments
Undaunted has not made any investment in 2026 so far.Here are the most recent investments by Undaunted:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 18, 2025 | United Kingdom | Seed | 8584 | [+2] | |
Jul 01, 2024 | United Kingdom | Grant (prize money) | 8833 | - | |
2022 | United Kingdom | Grant (prize money) | 2667 | - |
Acquired companies in Undaunted's Portfolio
2 companies from Undaunted's portfolio have been acquired. The most recent acquisition was Brill Power in Sep 2025 by Palmer Energy Technology for $*****.Here are Undaunted's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 01, 2025 | - | - | 6276 | |
Nov 07, 2023 | - | - | 9497 |
Team profile of Undaunted
Undaunted has a team of 14 members including 2 Partners and 3 Principals located in United Kingdom. Undaunted's team does not sit on the board of any company as of now.Here is a list of top team members in Undaunted:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | London | - | - | |
Partner | - | - | - | |
Principal | London | - | - | |
Principal | London | - | - | |
Principal | London | - | - |
Co-investors of Undaunted
Over the past 4 years, 9 investors have co-invested in Undaunted's portfolio companies. This includes funds and angels.
- Invested before Undaunted: Innovate UK, Brunel University London and 1 other have invested in rounds before Undaunted. There is 1 company where Innovate UK has invested before Undaunted and 1 company where Brunel University London has invested before Undaunted.
- Top Co-investors of Undaunted: 4 investors entered a company along with Undaunted. These include investors like General Inception (1 company).
- Invested after Undaunted: Iuk-Business-Connect (1 company) and OnePlanetCapital (1 company) are the investors which have invested in Undaunted's portfolio after their investments.
Recent News related to Undaunted
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Planet Smart Secures $1M to Replace Plastics in Nappies and Sanitary ProductsStartup Rise EU•Nov 18, 2025•Planet Smart, Undaunted, General Inception, Ukri and 1 other
