Advemto

Jun 9, 2022

Friday, 3 June 2022, 6:45 pm The newly formed company spun-out from WellingtonUniVentures has successfully closed their pre-seed venturecapital investment round led by Matū Karihi Fund. The $1.05Minvestment will support the company’s technologicaldevelopment and launch to customers in internationalacademic and research institutions. Advemto is aphotonics system company that has developed unique completeturnkey solutions for ultrafast spectroscopy. Time-resolvedspectroscopy is widely used across a range of disciplinesand industries, from academic research to commercial andindustrial applications in chemicals, biological,pharmaceutical, optical, and electronics development andmanufacturing. The technology seeks to address weaknesses incurrently available instrumentation in the market, providingimproved speed, sensitivity, reliability, and analysis. As aturnkey system, Advemto is further reducing the barriers tonext generation research in areas such as materials, energy,environmental sciences, healthcare, and much more. Thetechnology is developed out of specialist researchspearheaded by Dr Kai Chen and Professor Justin Hodgkiss inthe Ultrafast Spectroscopy Lab at Te Herenga Waka VictoriaUniversity of Wellington and the MacDiarmid Institute. Theyare joined by Peter Lai as CEO and Ronnie Tamming in theinitial team, which will grow as the company expands todifferent geographies. The investors look forward to workingclosely with the team to guide their development across arange of academic and industrial areas. AboutMatū Karihi Fund – Matū is a venture capitalfund investing in early-stage science and technologycommercialisation from education and research institutionsand the private sector. As an open and evergreen fund, Matūtakes a long-term investment view and is aimed at turningground-breaking ideas into globally focused, IP-richcompanies. Matū provides intelligent capital with activegovernance, executive management, operational support, andmentorship for founding and executive teams: www.matu.co.nz AboutQuidnet Ventures - Quidnet Ventures is an earlystage fund investing in New Zealand-based founders buildingimpactful companies. Quidnet Ventures focuses on taking NewZealand innovation to the world and takes an active role inhelping its portfolio companies succeed by leveraging itsteam’s global, multi-sector network as its portfoliocompanies position themselves to enter internationalmarkets. Quidnet Ventures provides unrivalled access to aglobal network across academia, government affairs, venturecapital, and industry. www.quidnetventures.com AboutSIP Innovation - SIP Innovation is the New Zealandarm of Suzhou Industrial Park, focused on facilitatingacademic and professional exchange opportunities, andproviding commercial, industrial, and cultural pathways forNew Zealand companies to engage with Chinesemarkets. About Booster - Booster isone of the six government-appointed default KiwiSaver schemeproviders with over 170,000 investos and $5 billion undermanagement across KiwiSaver, Superannuation and InvestmentSchemes. Booster has a focus on supporting New Zealandbusinesses through specialist investment funds including theBooster Innovation Fund and the New Zealand InnovationBooster, which help Kiwis share in the success of innovativeresearch and IP development by investing in thecommercialisation of early-stage technologies coming out ofNew Zealand. www.booster.co.nz AboutExponential Founders Fund - Exponential FoundersFund is an early-stage fund investing in innovativetechnologies across Aotearoa New Zealand. ExponentialFounders Fund has a strong interest in supporting foundersand growing their capabilities as promising and confidentleaders. www.danielbatten.co/exponential-founders-fund