Ziylo's co-founder launches a $100 million deep-tech venture fund in Bristol

SCVC will invest in deep tech sensibly priced around healthcare and climate activism.

Bristol-based entrepreneur Harry Destecroix has launched a $100 million deep-tech venture capital fund, Science Creates Ventures (SCVC). The fund has already achieved its first close with an undisclosed sum. The firm will focus on pre-seed and seed-stage investments of between $500,000 and $3 million, as well as follow-on funding of up to $7 million. Destecroix’s exit from biotech start-up Ziylo, sold to Danish firm Novo Nordisk for more than $800 million in 2020, was the springboard for his work on Science Creates, a tech ecosystem comprising incubator Unit DX, science-oriented Unit DY wet labs, and a £15 million investment arm that counts Bristol University and a number of affiliate partners among its backers.

SCVC will invest in deep tech sensibly priced around healthcare and climate activism. Seed funds have so far supported 12 companies across a range of technologies and sectors. Its first investment has been in VyperCore, a start-up developing modified processors based on reduced instruction set computing. The fund, whose first partners include investor Jon Craton and founder John Williams, will also be active in follow-on funding through Series A tickets.