Milvus valuation, funding and investors
Milvus works in nanomaterials manufacturing, based in Oxford, United Kingdom. Founded in 2021, it has about 15 employees.
- Last round
- Seed · $6.90M · Oct 2025
- Valuation at last round
- $42.2M · implied
- Headcount
- 15 · growing
- Grade
- C
- Founded
- 2021
Milvus valuation today
VCMC values Milvus at $88.7M today, with a range of $29.1M to $135M and a grade of C. The valuation starts from its last funding round, a seed round in Oct 2025.
Valuation by date (72 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2021 | $11.4M | $4.14M – $31.2M | $12.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $11.5M | $4.18M – $31.5M | $12.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $11.6M | $4.21M – $31.8M | $12.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2021 | $11.7M | $4.25M – $32.1M | $12.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2021 | $11.8M | $4.29M – $32.4M | $13.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2021 | $11.9M | $4.33M – $32.7M | $13.1M (+10%) | before first round | – | unknown | D | 0% |
| 1 Jul 2021 | $12.0M | $4.37M – $33.0M | $13.2M (+10%) | before first round | – | unknown | D | 0% |
| 1 Aug 2021 | $12.1M | $4.41M – $33.3M | $13.3M (+10%) | before first round | – | unknown | D | 0% |
| 1 Sep 2021 | $12.2M | $4.45M – $33.6M | $13.4M (+10%) | before first round | – | unknown | D | 0% |
| 1 Oct 2021 | $12.3M | $4.49M – $33.9M | $13.5M (+10%) | before first round | – | unknown | D | 0% |
| 1 Nov 2021 | $12.4M | $4.53M – $34.2M | $13.6M (+10%) | before first round | – | unknown | D | 0% |
| 1 Dec 2021 | $12.5M | $4.57M – $34.5M | $13.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2022 | $12.7M | $4.61M – $34.8M | $13.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2022 | $12.8M | $4.65M – $35.1M | $13.9M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2022 | $12.8M | $4.68M – $35.3M | $14.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2022 | $12.9M | $4.71M – $35.6M | $14.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2022 | $13.0M | $4.75M – $35.8M | $14.2M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2022 | $13.1M | $4.78M – $36.1M | $14.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2022 | $13.2M | $4.82M – $36.3M | $14.5M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2022 | $13.3M | $4.85M – $36.6M | $14.6M (+9%) | before first round | – | unknown | D | 0% |
| 1 Sep 2022 | $13.4M | $4.89M – $36.9M | $14.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 Oct 2022 | $13.5M | $4.92M – $37.2M | $14.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Nov 2022 | $13.6M | $4.96M – $37.4M | $14.9M (+9%) | before first round | – | unknown | D | 0% |
| 1 Dec 2022 | $13.7M | $5.00M – $37.7M | $15.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2023 | $13.8M | $5.04M – $38.0M | $15.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2023 | $13.9M | $5.07M – $38.3M | $15.2M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2023 | $14.0M | $5.11M – $38.5M | $15.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2023 | $10.1M | $3.68M – $27.8M | $11.0M (+9%) | before first round | 2 | unknown | D | 0% |
| 1 May 2023 | $10.2M | $3.71M – $28.0M | $11.1M (+9%) | before first round | 2 | unknown | D | 0% |
| 1 Jun 2023 | $10.3M | $3.74M – $28.2M | $11.2M (+9%) | before first round | 2 | unknown | D | 0% |
| 1 Jul 2023 | $10.3M | $3.76M – $28.4M | $11.3M (+9%) | before first round | 2 | unknown | D | 0% |
| 1 Aug 2023 | $10.4M | $3.79M – $28.6M | $11.3M (+8%) | before first round | 2 | unknown | D | 0% |
| 1 Sep 2023 | $10.5M | $3.82M – $28.8M | $11.3M (+8%) | before first round | 2 | unknown | D | 0% |
| 1 Oct 2023 | $11.3M | $4.11M – $31.0M | $12.1M (+7%) | before first round | 3 | unknown | D | 0% |
| 1 Nov 2023 | $11.4M | $4.14M – $31.2M | $12.1M (+6%) | before first round | 3 | unknown | D | 0% |
| 1 Dec 2023 | $11.5M | $4.17M – $31.5M | $12.1M (+5%) | before first round | 3 | unknown | D | 0% |
| 1 Jan 2024 | $11.5M | $4.20M – $31.7M | $12.1M (+5%) | before first round | 3 | unknown | D | 0% |
| 1 Feb 2024 | $11.6M | $4.23M – $31.9M | $12.1M (+4%) | before first round | 3 | unknown | D | 0% |
| 1 Mar 2024 | $13.7M | $4.99M – $37.7M | $14.1M (+3%) | before first round | 8 | unknown | D | 0% |
| 1 Apr 2024 | $13.8M | $5.03M – $37.9M | $14.1M (+2%) | before first round | 8 | unknown | D | 0% |
| 1 May 2024 | $13.9M | $5.06M – $38.2M | $14.1M (+1%) | before first round | 8 | unknown | D | 0% |
| 1 Jun 2024 | $14.0M | $5.10M – $38.5M | $14.1M (+1%) | before first round | 8 | unknown | D | 0% |
| 1 Jul 2024 | $14.1M | $5.14M – $38.8M | $14.1M (0%) | before first round | 8 | unknown | D | 0% |
| 1 Aug 2024 | $14.1M | $5.14M – $38.8M | $14.1M (0%) | before first round | 8 | unknown | D | 0% |
| 1 Sep 2024 | $14.1M | $5.14M – $38.8M | $14.1M (0%) | before first round | 8 | unknown | D | 0% |
| 1 Oct 2024 | $14.1M | $5.14M – $38.8M | $14.1M (0%) | before first round | 8 | unknown | D | 0% |
| 1 Nov 2024 | $20.2M | $8.67M – $40.2M | $20.2M (0%) | before first round | 10 | growing | C | 0% |
| 1 Dec 2024 | $20.2M | $8.67M – $40.2M | $20.2M (0%) | before first round | 10 | growing | C | 0% |
| 1 Jan 2025 | $20.2M | $8.67M – $40.2M | $20.2M (0%) | before first round | 10 | growing | C | 0% |
| 1 Feb 2025 | $20.2M | $8.67M – $40.2M | $20.2M (0%) | before first round | 10 | growing | C | 0% |
| 1 Mar 2025 | $20.2M | $8.67M – $40.2M | $20.2M (0%) | before first round | 10 | growing | C | 0% |
| 1 Apr 2025 | $20.2M | $8.67M – $40.2M | $20.2M (0%) | before first round | 10 | growing | C | 0% |
| 1 May 2025 | $17.9M | $5.90M – $40.2M | $17.9M (0%) | before first round | 10 | up | C | 0% |
| 1 Jun 2025 | $17.9M | $5.90M – $40.2M | $17.9M (0%) | before first round | 10 | up | C | 0% |
| 1 Jul 2025 | $17.9M | $5.90M – $40.2M | $17.9M (0%) | before first round | 10 | up | C | 0% |
| 1 Aug 2025 | $20.6M | $8.80M – $40.8M | $20.6M (0%) | before first round | 11 | growing | C | 0% |
| 1 Sep 2025 | $20.6M | $8.80M – $40.8M | $20.6M (0%) | before first round | 11 | growing | C | 0% |
| 1 Oct 2025 | $20.6M | $8.80M – $40.8M | $20.6M (0%) | before first round | 11 | growing | C | 0% |
| 21 Oct 2025 | $42.3M | $27.7M – $128M | $84.4M (+100%) | after a round | 11 | growing | C | 0% |
| 1 Nov 2025 | $43.2M | $27.7M – $128M | $84.4M (+95%) | after a round | 12 | growing | C | 0% |
| 1 Dec 2025 | $45.7M | $27.7M – $128M | $84.4M (+85%) | after a round | 12 | growing | C | 0% |
| 1 Jan 2026 | $48.5M | $27.7M – $128M | $84.4M (+74%) | after a round | 12 | growing | C | 0% |
| 1 Feb 2026 | $51.4M | $27.7M – $128M | $84.4M (+64%) | after a round | 12 | growing | C | 0% |
| 1 Mar 2026 | $54.9M | $28.7M – $133M | $87.3M (+59%) | after a round | 14 | growing | C | 0% |
| 1 Apr 2026 | $58.4M | $28.7M – $133M | $87.3M (+50%) | after a round | 14 | growing | C | 0% |
| 1 May 2026 | $61.4M | $28.2M – $131M | $85.9M (+40%) | after a round | 13 | up | C | 0% |
| 1 Jun 2026 | $65.3M | $28.2M – $131M | $85.9M (+32%) | after a round | 13 | up | C | 0% |
| 1 Jul 2026 | $69.2M | $28.2M – $131M | $85.9M (+24%) | after a round | 13 | up | C | 0% |
| 1 Aug 2026 | $74.4M | $28.7M – $133M | $87.3M (+17%) | after a round | 14 | up | C | 0% |
| 1 Sep 2026 | $79.2M | $28.7M – $133M | $87.3M (+10%) | after a round | 14 | up | C | 0% |
| 1 Oct 2026 | $85.2M | $29.1M – $135M | $88.7M (+4%) | after a round | 15 | growing | C | 0% |
| 24 Oct 2026 | $88.7M | $29.1M – $135M | $88.7M (0%) | after a round | 15 | growing | C | 0% |
Key facts about Milvus
- Founded
- 2021
- Headquarters
- Oxford, United Kingdom
- Employees
- about 15 +36% in a year
- Total raised
- $6.9M
- Funding rounds
- 1
- Last round
- Seed Oct 2025
Milvus was founded in 2021 by Assia Kasdi.
Milvus funding history
Milvus has 1 funding round on record, from Oct 2025 to Oct 2025, $6.9M in total. None disclosed a valuation.
Seed 20 Oct 2025
Led by Hoxton Ventures; with LQD, Übermorgen, Tuesday Capital, Mark Leslie Enterprises, van Den Bosch Dynasty Fund, Bluebirds, MD One Ventures, EQT, Lowercarbon Capital.
Sources: md-one.com, prnewswire.com, finsmes.com and 4 more
$6.9M
Milvus investors
10 investors have backed Milvus; Hoxton Ventures led at least one round.
- Hoxton Ventures lead
- Bluebirds
- EQT
- Lowercarbon Capital
- Mark Leslie Enterprises
- Übermorgen
- van Den Bosch Dynasty Fund
What Milvus does
Milvus works in chemicals, with 9 recorded offerings and customers in clean energy and sustainable technology.
Milvus Advanced Limited is a British private limited company engaged in the development and manufacturing of nanomaterials, with a focus on platinum-group substitutes for catalysis and clean energy applications. The company also operates as a chemical manufacturer, producing materials that replicate the functional properties of platinum-group metals at a lower cost. Milvus is involved in research and consulting activities, including collaborations with academic institutions and international organizations.
Description from Veridion's company data.
Products and services
- Nanomaterials Manufacturing
- Platinum-Group Metal Substitute Development
- Catalysis Solutions Development
- Clean Energy Technology Solutions
- Hydrogen Electrolyser Hardware Manufacturing
- Green Fuel Technology Development
- Sustainable Technology Consulting
- Frontier Technology Research Services
- Chemical Product Manufacturing
Markets
- Clean Energy
- Sustainable Technology
Technology
- Nanomaterials for Catalysis
- Nanomaterials for Hydrogen Electrolysis
Business model
- Business-to-Business
- Manufacturing
Industry codes (NAICS)
- 325180 Other Basic Inorganic Chemical Manufacturing 100% match
Questions about Milvus
What is Milvus worth?
Valuation $88.7M (range $29.1M to $135M), as of 24 Oct 2026.
Has Milvus raised money?
Milvus has 1 funding round on record, from Oct 2025 to Oct 2025, $6.9M in total. None disclosed a valuation.
Who has invested in Milvus?
Hoxton Ventures, Bluebirds, EQT, Lowercarbon Capital, LQD and Mark Leslie Enterprises, and 4 more. Lead investors include Hoxton Ventures.
How many people work at Milvus?
About 15, up 36% over the last year. Headcount grew from 2 in Apr 2023 to 15 in Sep 2026.
What does Milvus do?
Milvus works in chemicals, with 9 recorded offerings and customers in clean energy and sustainable technology. Its main offerings are nanomaterials manufacturing, platinum-group metal substitute development and catalysis solutions development.
When was Milvus founded, and where is it based?
Milvus was founded in 2021 and is based in Oxford, United Kingdom. It has about 15 employees, up 36% over the last year.