About Nesta
Nesta, established in 1998, is a social impact fund primarily based in London, United Kingdom. It primarily finances Seed rounds for companies based in United Kingdom. Its portfolio includes 36 firms, spanning the Enterprise Applications, HealthTech sectors.
As of Sep 2026, Nesta has witnessed 7 portfolio exits. Its most notable investments include companies like BibliU, Third Space Learning and Anaphite.
Its latest investment was a $535K Seed round in Gaia Learning on Jul 14, 2026 along with GC Angels.
Key Metrics
Founded Year
1998
Location
London, United Kingdom
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed, Series A & 3 more
Locations of Investment
Nesta's List of Top Investments
Nesta has a portfolio of 36 companies. Their most notable investments are in BibliU and Third Space Learning.Their portfolio spans across United Kingdom, Scotland, Sweden and 1 more locations. They have invested in Enterprise Applications, HealthTech, High Tech and 16 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Nesta:1. BibliU
Provider of digital learning content and campus store management solutions. The platform offers institutions tools to automate content workflows and improve learning outcomes. It provides digital textbooks, monographs, and courseware. The platform integrates with existing systems to deliver an interactive learning experience. It supports diverse academic needs of students and faculty.
Key facts about BibliU
- Founded Year: 2014
- Location: Greenville (United States)
- Annual Revenue: £50M - £100M as on Oct 31, 2024
- Stage: Series C
- Total Funding till date: $102M
- Employee Count: 196 as on Jul 31, 2026
- Investors: Oxford Science Enterprises, GSP Capital and 27 Others
- Latest Funding Round: Series C, Jun 02, 2026, $*****
- Highlight: Editors' Pick
Third Space Learning is an online platform which provides one to one tutoring for primary school students who need help in maths. Teachers choose the students who need one on one tutoring and are provided with a maths tutor who gives individual lessons, feedback, and encouragement to the student. This is done through an online medium to make it economical and to provide the best educators from around the globe. Provides support to 300+ primary schools all over England.
Key facts about Third Space Learning
- Founded Year: 2013
- Location: London (United Kingdom)
- Stage: Public
- Total Funding till date: $22.3M
- Employee Count: 87 as on Jul 31, 2026
- Investors: UCL Technology Fund, Foresight Group and 14 Others
- Latest Funding Round: Series B, Apr 29, 2026, $*****
- Highlight: Public
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3. Anaphite
Developer of dry coating precursor technology for battery electrode manufacturing. The technology facilitates dry material mixing and processing for battery manufacturers. It designs composite powders optimized for electrode film formation and electrochemical performance. The technology formulates powders containing active material, binder, and conductive additives. Powders are manufactured using scalable, energy-efficient chemical engineering approaches.
Key facts about Anaphite
- Founded Year: 2016
- Location: Bristol (United Kingdom)
- Stage: Series A
- Total Funding till date: $22.6M
- Employee Count: 48 as on Aug 31, 2026
- Investors: Maniv Mobility, Oxford and 79 Others
- Latest Funding Round: Series A, Dec 09, 2025, $*****
- Highlight: Editors' Pick
4. CellCentric
Developer of oral small molecule inhibitors for treating blood cancers. This pharmaceutical entity focuses on creating therapeutic agents that target specific proteins involved in tumor progression. The research involves modulating gene expression by disrupting the interaction of transcription co-activation factors within cancer cells. The primary therapeutic candidate is designed to address multiple myeloma and other hematological malignancies by binding to bromodomains. This approach aims to reduce the production of proteins that drive tumor growth. The development process includes clinical evaluation to assess safety and efficacy across various patient populations.
Key facts about CellCentric
- Founded Year: 2003
- Location: Cambridge (United Kingdom)
- Stage: Series D
- Total Funding till date: $430M
- Employee Count: 64 as on Aug 31, 2026
- Investors: RA Capital Management, Takeda and 50 Others
- Latest Funding Round: Series D, May 06, 2026, $*****
- Highlight: Editors' Pick
Provider of smartphone-based skin cancer detection. The company has developed is a cloud-based solution that helps in the early detection of skin cancer by analyzing any change in the size or shape of a mole. It consists of a mobile camera attachment which takes clinical-quality images and processes them using image algorithms for diagnosis. Skin Analytics warns the user of any changes detected and produce a report that can be shared with an appropriate medical professional.
Key facts about Skin Analytics
- Founded Year: 2012
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $32.6M
- Employee Count: 125 as on Jul 31, 2026
- Investors: Intrepid Growth Partners, London Co-Investment Fund and 258 Others
- Latest Funding Round: Series B, Apr 16, 2025, $*****
- Highlight: Editors' Pick
Nesta's Year-on-Year Investment Trends
Nesta has invested in 37 companies over the last 24 years, with an average of 1 new investment annually in the last 10 years. As of Jul 2026, it has made 2 investments in this year. Its most recent first time investment was in Descycle and most recent follow-on round was in Gaia Learning.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 2 | 2 |
2025 | 0 | 0 | 0 |
2024 | 4 | 0 | 4 |
2023 | 1 | 0 | 1 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
2020 | 3 | 0 | 3 |
2019 | 1 | 0 | 1 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
Nesta's Investments by Stage
Nesta has made 9 investments in Seed stage with an average round size of $1.56M, 8 investments in Series A stage with an average round size of $7.05M, 4 investments in Grant (prize money) stage with an average round size of $151K, 3 investments in Series B stage with an average round size of $83.5M and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Seed | 9 |
Series A | 8 |
Grant (prize money) | 4 |
Series B | 3 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Nesta's Investments by Sector
Nesta has a diverse portfolio, with companies operating in the Enterprise Applications, Sustainability Tech, EdTech, Education and Energy Tech. Notably, it has invested in 26 Tech companies, 24 Enterprise (B2B) companies, 12 Software companies and at least 10 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
Sustainability Tech | 4 |
EdTech | 3 |
Education | 3 |
Energy Tech | 3 |
Others | 19 |
Note: We have considered here, only first round of investments
Nesta's Investments by Geography
Nesta has made most investments in United Kingdom (22), followed by Japan where it has made 1 investment.Country | No. of Investments |
|---|---|
United Kingdom | 22 |
Japan | 1 |
Scotland | 1 |
Sweden | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Nesta's recent investments
Nesta has made 2 investments in 2026 so far - Gaia Learning and Third Space Learning.Here are the most recent investments by Nesta:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 14, 2026 | United Kingdom | Seed | 7217 | ||
Apr 29, 2026 | United Kingdom | Series B | 3655 | ||
Nov 19, 2024 | United Kingdom | Series A | 3134 | [+3] | |
Oct 07, 2024 | United Kingdom | Seed | 1248 | ||
Sep 27, 2024 | United Kingdom | Series A | 2797 | [+4] |
IPOs and Publicly Listed companies in Nesta's Portfolio
1 of Nesta's portfolio company became public - Third Space Learning.Here are Nesta's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | Jul 09, 2015 | Series A | 5327 |
Acquired companies in Nesta's Portfolio
6 companies from Nesta's portfolio have been acquired. The most recent acquisition was Oomph! Wellness in Jan 2023 by Person Centred Software for $*****.Here are Nesta's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 31, 2023 | Feb 22, 2017 | Seed | 6080 | |
Nov 09, 2022 | Jan 2009 | Grant (prize money) | 4252 | |
May 25, 2021 | - | - | 7432 | |
Sep 30, 2015 | Jul 31, 2006 | Seed | 6987 | |
Oct 20, 2010 | Jun 01, 2005 | Seed | 2278 |
Team profile of Nesta
Nesta has a team of 7 members including 3 Partners located in United Kingdom. Nesta's team does not sit on the board of any company as of now.Here is a list of all team members in Nesta:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | London | - | ||
Partner | London | - | ||
Partner | London | - |
Co-investors of Nesta
Over the past 24 years, 163 investors have co-invested in Nesta's portfolio companies. This includes funds and angels.
- Invested before Nesta: Wayra, Oxford University Innovation and 34 others have invested in rounds before Nesta. There are 2 companies where Wayra has invested before Nesta and 1 company where Oxford University Innovation has invested before Nesta.
- Top Co-investors of Nesta: 44 investors entered a company along with Nesta. These include investors like YFM Equity Partners (3 companies).
- Invested after Nesta: A total of 83 investors have invested in Nesta's portfolio after their investments. Top Investors include Nesta Impact Investments (2 companies) and Spartech Ventures (1 company).
Recent News related to Nesta
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Gaia Learning Raises $720k in New Funding to Support Neurodivergent StudentsEdTechReview•Oct 10, 2024•Gaia Learning, Nesta, GC Angels
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Bristol University spin-out raises $13.7m in Series A round - funding to help battery technology firm scale-upInsider Media•Oct 02, 2024•Anaphite, World Fund, Maniv Mobility, Edison Electric Institute and 3 others
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Frontier IP investee company secures £500,000 convertible loanProactive Investors•Aug 27, 2024•Frontier IP, Nesta, Scottish Enterprise, Nandi Proteins
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Sheffield based Swedish clean-tech startup secures £125m investment boostBdaily•Jan 19, 2024•Altor Equity Partners, Kinnevik, Temasek, Collab Fund and 13 others
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Heat pump specialist raises £124m in funding roundTheBusinessDesk.com•Jan 18, 2024•Aira, Altor Equity Partners, Kinnevik, Temasek and 5 others
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Electron secures £4M with its approach to electricity flexibility and distributionTech.eu•Sep 19, 2023•Electron, Innovate East, Riverstone Holdings, Nesta and 1 other
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Mixergy secures €8.5 million to make home heating more efficient and cost effectiveEU-Startups•Mar 27, 2023•Mixergy, EDP, Nesta, Mixergy and 4 others
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Mixergy wants you to only heat what you need and is now armed with an additional £9.2 millionTech.eu•Mar 27, 2023•Mixergy, EDP, Nesta, Oxford Science Enterprises and 3 others
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Naked Energy raises £1m from Nesta for solar thermalenergyvoice.com•Dec 05, 2022•Naked Energy, Nesta