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LifeArc

LifeArc

London, United Kingdom·Founded 1992··lifearc.org

LifeArc is a UK medical-research charity, formerly MRC Technology, incorporated in 1992 and registered as a charity in England and Wales under number 1015243. Its direct-equity ventures arm, LifeArc Ventures, invests seed-to-Series-B in biotech, medtech and healthtech companies off the charity's own balance sheet, which was seeded by a 2019 Keytruda royalty sale for USD 1.297 billion. LifeArc Ventures co-invests with mainstream life-sciences VCs and supports portfolio companies with in-house labs in Stevenage and Edinburgh. The charity holds no FCA AIFM authorisation.

AUM
Funds
1
vintages 1992
Portfolio
15
Exits
4
SectorsHealthcare

Key facts

HQLondon, United Kingdom
Founded1992

Recent exits

Surgery Hero
HealthTech2025 · 3yr hold
DJS Antibodies
Biotech2022 · 2yr hold
Ducentis BioTherapeutics
Biotech2022 · 3yr hold
Eliem Therapeutics
Biotech2021 · <1yr hold

Coverage notes

1 fund tracked, 19 portfolio companies (15 active · 4 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

19 companies
Biotech
13 · 68%
HealthTech
5 · 26%
MedTech
1 · 5%

Funds & portfolio

Every fund LifeArc has raised, with its portfolio companies. Hand-checked from public filings.

1 fund
LifeArc VenturesLife Sciences VC
1992 · 34yr€84M15 active · 4 realized

Unrealized

15 held
HealthTechUnited States· Entry 2023
AviadoBio
AviadoBioActive
BiotechUK· Entry 2020
HealthTechUK· Entry 2021
HealthTechUK· Entry 2021
BiotechUK· Entry 2023
ExcivaActive
BiotechGermany· Entry 2026
Fluid Biomed
Fluid BiomedActive
MedTechCanada· Entry 2024
GlycoEraActive
BiotechSwitzerland· Entry 2025
Hillstar BioActive
BiotechUnited States· Entry 2025
Ikarovec
IkarovecActive
BiotechUK· Entry 2020
BiotechUK· Entry 2023
Ozlo Sleep
Ozlo SleepActive
HealthTechUnited States· Entry 2023
BiotechUK· Entry 2020
BiotechUK· Entry 2022
BiotechSweden· Entry 2025

Realized

4 exits
DJS AntibodiesExited 2022
BiotechUK· Entry 2020
Trade Saleto
BiotechUK· Entry 2019
Trade Saleto
Eliem TherapeuticsExited 2021
BiotechUnited States· Entry 2021
IPO
Surgery HeroExited 2025
HealthTechUK· Entry 2022
Trade Saleto
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About LifeArc

LifeArc is a self-funded UK medical research charity with a £1.255 billion total investment portfolio as of December 2024, headquartered in London. The firm was founded in 2000 as MRC Technology (the translation arm of the UK Medical Research Council) before rebranding as LifeArc in 2017, with LifeArc Ventures launched in 2022 as the early-stage investment arm. LifeArc takes no external fundraising or grants, funded by investment returns and royalties (notably a former Keytruda royalty interest).

Investment thesis

LifeArc deploys capital through a single evergreen balance-sheet vehicle (LifeArc Ventures is a ring-fenced allocation, not a closed-end fund), targeting seed to Series B equity investments in life science companies with reserved follow-on capital for successful portfolio companies, taking an active scientific and commercial role. Sector focus spans therapeutics, medtech, healthtech, rare diseases, drug-resistant infections and immunology. Geographic deployment is UK-focused backing the UK science base, with the ability to invest globally and expansion into the US, Canada and Europe across 2024-2025. The platform pairs capital with in-house lab access and translational R&D expertise.

Recent activity

No exits were disclosed for 2024-2026, with the portfolio progressing to 20 companies at end-2025 (up from 17 at end-2024). Recent acquisitions include therapeutics investments (2025), a medtech investment (2024) and therapeutics investments (2024). The platform continues active deployment across the UK life sciences mandate. Detailed buyer names and multiple data available on Pro at €29/month.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Clare Terlouw
Managing Partner
Sohaib Mir
Partner
Olivia Cavlan
Partner
Deborah Harland
Chair, Investment Committee

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Last updated August 2026 · Sourced from public filings · Report an issue