Blacktrace
Life sciences technology specialist
Sector
LIfe Sciences
Location
Cambridge
Return
2.74x
About Blacktrace
Blacktrace is a scientific company which designs, develops and manufactures cutting-edge technologies and products for many applications used in chemistry, microfluidics, biology, nanomaterial sciences and more.
Maven’s investment supported the company’s world-class innovation in microfluidics as well as the continuous development and launch of advanced scientific products for a wide range on international markets.
In July 2023, Maven exited Blacktrace via a sale to Unchained Labs, a U.S. corporate backed by the Carlyle Group delivering a 2.74x return for Maven Investor Partners.
Why we invested
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Established, high tech and profitable high growth business
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Significant spend in R&D with range of products ready to go to market
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Highly skilled workforce, led by experienced and ambitious management team
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Established global sales and distribution network
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High forecasted CAGR for the sector
"We are delighted to see the Blacktrace team enter the next phase of their journey after a highly successful partnership with Maven. The team’s ability to constantly innovate and create novel, high value life science products is remarkable, and Unchained is acquiring a recognised name in applications as varied as microfluidics, vaccines, gene therapy and single-cell genomics analysis."
David Milroy, Partner at Maven