OGI Bio Secures £650k in Follow-Up Funding to Expand Market Presence

OGI Bio, a leading Scottish biotechnology company, has secured follow-on funding of £650,000 in a deal led by TRICAPITAL Angels and supported by Scottish Enterprise, Merleview, Apollo, and Old College Capital to accelerate the company’s growth and expansion in the UK, EU, and US biotechnology sectors.

OGI Bio is a Scottish biotechnology company dedicated to developing advanced microbial growth and analysis solutions. The company’s products include bioreactors and automated systems designed to enhance efficiency and precision in microbial research and development. 

By integrating cutting-edge technology, OGI Bio helps customers accelerate product development, optimise workflows, reduce labour costs, and increase reproducibility.

OGI Bio specialises in developing innovative solutions for microbial growth and analysis. The company focuses on creating advanced bioreactors and automated systems that enhance the efficiency and precision of microbial growth.

By integrating cutting-edge technology and automation, OGI Bio facilitates product development in fields such as health and beauty, food manufacturing, feedstock, and green alternatives to petrochemicals. The company’s solutions optimise microbial workflows, reduce labour costs, and increase reproducibility from the earliest stages of product development.

OGI Bio was founded to overcome the challenges of time-consuming manual microbial growth. Unable to afford expensive automation solutions, the founders created and built their own systems from scratch

Alex McVey, CEO of OGI Bio said: “With this investment, we will be launching additional modules to complement our existing market offerings and an enhanced software package that provides our customers with greater flexibility in process control. This will allow them to view, measure, and control their culturing processes from anywhere in the world.” 

He added: “TRICAPITAL Angels has been a crucial partner for OGI Bio since March 2022, leading the company’s first pre-seed raise alongside partners, including long-term backers Apollo Informal Investments. 

Over the past two years, TRICAPITAL Angels has continued to provide unwavering support, participating in two further financing rounds.” 

TRICAPITAL Angels Limited is a leading Scottish angel syndicate of like-minded entrepreneurs, CEOs and business leaders who have themselves founded, funded and built successful companies. TRICAPITAL works in partnership with Scottish Enterprise to support early-stage Scottish companies from start up through to Series A and beyond. 

TRICAPITAL Angels CEO Moray Martin commented, “TRICAPITAL Angels is proud to continue our support for OGI Bio. Their innovative approach to microbial growth and analysis is transforming the biotechnology industry, and we believe they are well-positioned for significant growth.”

Scottish Enterprise (SE) is Scotland’s national economic development agency and a non-departmental public body of the Scottish Government. It supports businesses to innovate and scale to transform the Scottish economy by focusing on new market opportunities through targeted investment, innovation and internationalisation.