Value Add VC tracks 3 companies M&G Catalyst Fund has invested in and 2 venture rounds it took part in (1 as lead).
M&G Catalyst Fund key facts (as of )
| Fact | Value | Source |
|---|---|---|
| Type | Venture capital firm | Value Add VC classification |
| Venture rounds tracked | 2 (led 1, joined 1) 2 in the last 12 months | Recent deals table on this page (each round cites its source) |
| Portfolio companies tracked | 3 | Portfolio list on this page |
Recent deals we track
2Track record: led 1 and participated in 1 of 2 tracked venture rounds · 2 in the last 12 months · led 1 Series D
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Oct 22, 2026 | Tractian | Series D | Led | $130M | $1.4B | Sapphire VenturesLeadunverifiedM&G Catalyst FundLeadunverifiedGeneral CatalystunverifiedMonasheesunverifiedEndeavor CatalystunverifiedY CombinatorunverifiedN47Bosch Ventures53 StationsNorte Ventures | PR Newswire |
| Sep 7, 2026 | Pixxel | Series C | Participated | $100M | — | TemasekLeadSeraphim CapitalLead360 ONE AssetRadical VenturesM&G Catalyst FundunverifiedIMM InvestmentgrowX ventures | Pulse story |
Is something wrong on this page?
We track M&G Catalyst Fund but have little verified detail yet.
At a glance
M&G Catalyst Fund appears in 2 funding rounds tracked by ValueAddVC since 2026, leading 1. Its most recent tracked deal was Tractian's $130M Series D round (Oct 22, 2026).
M&G Catalyst Fund profile
written 2026-10-31M&G Catalyst Fund is the growth-equity strategy M&G Investments uses to back founders, investing in companies like Form Energy, Pixxel and Oxford Nanopore.
Strategy
M&G's Catalyst backs purpose-driven founders building what the firm calls the most innovative companies looking to solve critical challenges for society and the planet. M&G Investments' own Catalyst page says the strategy invests equity capital into impactful private growth-stage companies across the globe through four investment themes: planetary health, human health, access & inclusion, and enabling technologies.[1]
M&G's own Catalyst page says the strategy leverages M&G's scale and network across both international private and public markets to steward portfolio companies through what it calls a critical stage of their growth journey. The page sits under M&G Investments' Private Markets > Impact and Private Equity section.[1]
Notable investments
M&G Catalyst Fund co-led Tractian's $130 million Series D, announced October 22, 2026, alongside lead investor Sapphire Ventures. The round valued the industrial-AI monitoring company at $1.4 billion and also drew N47, General Catalyst, Bosch Ventures, Fifty Three Stations, Monashees and Y Combinator, according to Tractian's own announcement.[2]
M&G Catalyst was named as an existing investor in Pixxel's $100 million Series C, announced September 7, 2026, a round co-led by Temasek and Seraphim with new investors 360 ONE Asset and IMM Investment. Pixxel's own release says the round brought the space-data company's total funding to $195 million; M&G's own Catalyst portfolio page separately lists Pixxel among its enabling-technologies investments.[3],[1]
M&G Catalyst Fund is named among existing investors supporting Form Energy's $750 million Series G, announced August 12, 2026 and led by T. Rowe Price. Form Energy's own release says the round brought the iron-air battery maker's total equity raised to date to over $2 billion; M&G's own Catalyst page separately lists Form Energy among its planetary-health investments.[4],[1]
M&G's Catalyst invested EUR 75 million into Biobest, which its own page describes as a global leader of natural pollination and biological control, under its planetary-health theme.[1]
M&G led a new £25 million round into Reactive Technologies, a UK tech grid-measurement company, which its own Catalyst page describes as powering the company's international growth.[1]
M&G invested £40 million into Pragmatic, a UK semiconductor company, through Catalyst, which M&G's own page describes as backing British tech advancement in the North of England; M&G's own Catalyst portfolio page separately describes Pragmatic as pioneering a flexible semiconductor chip enabling low-cost, low-carbon intelligence in smart objects.[1]
M&G made a $25 million investment into NoTraffic, and invested in sustainable housebuilder Greencore Construction while pledging up to £500 million of investment in UK climate-positive homes, according to M&G's own Catalyst page. The same page also lists an investment to revolutionise the environmental impact of data centres and an investment in cancer-screening and detection biotechnology company Harbinger Health.[1]
M&G's own Catalyst portfolio page lists additional named investments including Climeworks (Direct Air Capture carbon removal), Boston Metal (electrochemical recovery of precious metals from mining waste and green steel production), Amboss (AI-enabled medical knowledge platform), CytoReason (AI platform for precision computational disease models), Raisin (savings and investment platform), Sun King (off-grid solar energy across Africa and Asia) and Tyme Bank (digital banking for South Africa and Southeast Asia).[1]
M&G's own Catalyst page also lists Barinthus Biotherapeutics, Oxford Nanopore Technologies, Plastic Energy, Storegga and Tier Mobility as portfolio companies, alongside Brusa HyPower, Gradiant, Montra Electric, Submer, Svante, UBQ, Innovaccer, Nuritas, Osler, SkyCell, Livpure, Udaan, Nearfield, Nuclera and Relativity Space.[1]
Recent changes
- Oct 22, 2026Oct 22, 2026Invested in Tractian (Series D, $130M) PR Newswire
- Sep 7, 2026Sep 7, 2026Invested in Pixxel (Series C, $100M) Tech Startups
Portfolio
3 totalSector / Stage Activity
Co-Investors
12M&G Catalyst Fund FAQ
What stage does M&G Catalyst Fund invest at?
In the rounds Value Add VC tracks, M&G Catalyst Fund's deals were most often Series D (1) and Series C (1); it led 1 Series D.
What companies has M&G Catalyst Fund backed?
Companies Value Add VC tracks as M&G Catalyst Fund investments include Tractian, Pixxel and Form Energy.
Who does M&G Catalyst Fund co-invest with most?
In the rounds Value Add tracks, M&G Catalyst Fund most often invests alongside Aramco Ventures (1 shared deal), Breakthrough Energy Ventures (1 shared deal), Coatue Management (1 shared deal), Endeavor Catalyst (1 shared deal), Energy Impact Partners (1 shared deal).
Sources & methodologyshow
- PR Newswireprimary source1 fact
- Tech StartupsValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.