Midlands Mindforge makes first bet on Nottingham spin-out TextureJet
What's the deal? Midlands MindforgeDealroom has a profile for this one. Try Dealroom →, an investment fund backed by the eight Midlands Innovation universities, has made its first investment in TextureJetDealroom has a profile for this one. Try Dealroom →, a University of NottinghamDealroom has a profile for this one. Try Dealroom → spin-out. Law firm FreethsDealroom has a profile for this one. Try Dealroom → advised the fund on the deal, with a team led by corporate director Michael McMahon and corporate senior associate Christie Nelson.
What's the endgame? Midlands Mindforge provides patient capital to high-growth science and technology companies emerging from the Midlands' research and innovation ecosystem. It was set up to address historic underinvestment in university spin-outs and turn regional research into scalable businesses.
Why now? The investment follows TextureJet's recent move to a larger headquarters and manufacturing facility in Ripley, Derbyshire. The company has developed surface processing technology that offers manufacturers a cleaner, more efficient alternative to traditional machining.
The money will fund TextureJet's next phase of growth, including commercial expansion, technology development, and international growth. The new site adds production capacity and space for future recruitment.
The signal: "TextureJet is an excellent example of how innovative university research can be translated into a high-growth business with global potential," McMahon said. As Midlands Mindforge begins deploying capital, its debut deal signals fresh momentum for university spin-outs in a region it argues has long been underfunded.
Read more: freeths.co.uk
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