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ECONOMIC IMPACT

To date, the 32 ventures in our portfolio of cohorts 1-3 have raised £27.9m and created 104 jobs. A large proportion of this has been directly enabled by the Oxford Foundry, through introductions to our exceptional network of investors, including Force over Mass, TrueSight, Charles Songhurst and Biz Stone.

  • £27.9m in investment raised
  • 104 jobs created
  • The ventures are valued at over £100m
  • 75% of ventures have gone on to raise investment in Europe and the US since joining the L.E.V8 accelerator
  • 80% of ventures are revenue generating
  • Venture teams have offices and team members in 17 cities around the globe, including New York, London, Kampala, Tallinn, Munich and Karachi
  • Ventures have been featured in the media over 100 times

Social Impact Grid pics

Making the world a better place

Our ventures are tackling some of the toughest societal, environmental and economic challenges - and they're making their impact felt, particularly during the COVID-19 pandemic. These are some examples of how they're making an impact under the Sustainable Development Goals (SDG) themes. 

SDG 2 - Zero Hunger

Boresha (cohort 1) have connected farmers and producers in East Africa to the modern economy, and reduced their need to go to loan-sharks when they have an emergency, saving them up to 300% APR on interest fees.

DeepPlanet's Vinesignal is helping grapegrowers waste less water and energy by making vine-growing more efficient.  

SDG 3 - Good Health and Wellbeing

Nye Health (cohort 2) have responded rapidly to the COVID healthcare crisis by rolling out an NHS-compliant and globally scalable way for GPs, nurses and doctors to hold their appointments remotely, with their 'NyePhone' software that works on any device. Currently covering 10 million patients across the UK.

INFOGRID's autonomous checks are helping make sure medicine is stored at the right temperature, bed occupancy can be monitored and NHS staff have more time and money to spend caring for patients. 

Myo (L.E.V8 cohort 3) are connecting care home residents directly with their families by offering their mobile app, free of charge, to support care providers, families and residents and to ensure crucial one-on-one human connections can remain intact during the COVID crisis.

SDG 4 - Quality Education 

Scoodle (cohort 1) has provided over 500,000 answers to studies-related questions, to over 100,000 students, and during the COVID crisis they have made their online tuition Q&A service entirely free for families in the UK and are supporting more teachers, tutors and pupils to connect directly online.

SDG 7 - Affordable and clean energy 

EcoSync (cohort 1) recently achieved a 66% saving in energy consumption for one of their clients.

Empower Energy (L.E.V8 cohort 2) have distributed solar lamps that have impacted the lives of 2100 individuals in rural India. The lamps enable schoolchildren to study for an extra 30 minutes each night and have helped double the income of women entrepreneurs in these communities. They’ve also reduced the use of polluting kerosene lamps by 70%.

SDG 10 - Reduced inequalities 

Globally, picture books from Lantana Publishing (L.E.V8 cohort 2) have allowed over 500,000 children of diverse backgrounds and heritage to see themselves represented in the books that they read.

SDG 11- Sustainable cities and communities 

OXWASH (L.E.V8 cohort 2) have saved over 2800 cubic tonnes of CO2 through their cleantech bike-laundry, and are now partnering with Deliveroo to address the issue of single-use plastic in the food delivery industry. During the COVID crisis, OXWASH are setting up a new 'paying it forward' campaign, fundraising to provide 5,000 free laundry washes for elderly and vulnerable people in Oxford. They also intend to expand to help NHS workers and GP practices launder the extra PPE protection they require.

SDG 15 - Life on land 

Archangel Imaging's cameras are helping prevent illegal poaching. 

WOW YOU! (cohort 2) has enabled the planting of over 10,000 mangrove trees in Madagascar by participating in the Green Friday 2019 initiative.