The Opportunity

Illumion Limited (“the Company” or “Illumion”) is revolutionising battery material R&D, making breakthroughs 10x faster and 100x cheaper.

• Developing new types of chemistries to improve the performance and reduce the cost of batteries is critical to decarbonising the global economy.
• The limiting factor in battery materials research is the use of instruments that are large, complex and expensive or cheap but offer limited functionality.
• The IllumionONE is a compact, desktop-sized device that revolutionises battery material research to unlock faster charging, higher energy densities and longer lifespans.
• £284k in orders have been received from early-adopter academic customers.
• The team bring decades of battery R&D experience from Cambridge, Oxford and Harvard.
• Backed by UK venture investors Foresight, Cambridge Enterprise Ventures (the University’s venture arm) and Refeyn, an Oxford-based life sciences microscopy pioneer.
• £2.5m is being raised to convert a £3.6m qualified sales pipeline and develop a second product for industry customers.

The Fundraise

• £2.5m (£3.45m Growthdeck pre-money valuation).
• £2.1m already invested from VCs.
• £400,000 opportunity for Growthdeck Investors (6% stake).
• Exit targeted from 2029 at £65m valuation (5x sales).
• EIS-qualifying.