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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

o2h Ventures Portfolio Company Atelerix Announces Strategic Partnership with JH Health to Expand into the Middle East
Apr 20 2026

Atelerix, an o2h Ventures portfolio company developing hydrogel-based solutions for ambient temperature cell and tissue preservation, has entered into a strategic partnership with JH Health to expand its presence in the Middle East. The collaboration marks a major leap in making life science research and clinical diagnostics more accessible by eliminating the dependency on complex cold-chain logistics.

Under the agreement, JH Health, a Saudi Arabia-based company dedicated to advancing opportunities within the medical, pharmaceutical and broader healthcare sector, will hold exclusive rights to use and distribute Atelerix’s non-cryogenic cell and tissue preservation solutions throughout the Middle East. 

Crucially, the partnership extends beyond distribution to include local high-volume manufacturing and regulatory collaboration, directly supporting the region’s rapidly growing biotech infrastructure.

Atelerix’s technology addresses a critical challenge in biological sample storage and transport. By enabling ambient temperature preservation for up to two weeks, it removes the need for costly cold-chain logistics, unlocking new efficiencies in clinical diagnostics, research, and biobanking.

o2h Ventures has supported Atelerix throughout its growth journey and played a key role in facilitating the strategic connections that led to this partnership. Beyond initial capital, o2h Ventures has leveraged its ecosystem to tap into global networks and bridge the gap between UK-based innovation and Saudi-based market leaders.

This expansion also paves the way for future regional investment, aligning with the surge of venture capital currently flowing into Saudi Arabia’s healthcare sector.

Sunil Shah, CEO, o2h Ventures, commented, “It’s exciting to see Atelerix reach this important milestone. Congratulations to the team for getting this across the line. We see strong potential for strategic collaborations in Saudi Arabia and the wider Middle East, as the region continues to invest in building a world-class life sciences ecosystem.” 

Alastair Carrington, CEO, Atelerix, commented: “By partnering with JH Health, we gain access to the deep market expertise and local support needed to establish our operations in the Middle East. Their strategic investment will enable us to build out our local manufacturing capabilities, ensuring we are equipped to deliver the future of biological transport logistics and meet the needs of the rapidly growing life science market in the region. This partnership is an integral next step in our strategy to bring our advanced cell preservation solutions to customers worldwide.”

About Atelerix 

Atelerix is transforming how the world preserves and transports biology – without cryopreservation.

Atelerix provides patented alginate hydrogel technology to stabilise cells, tissues, blood products, viruses and vectors at room temperature. From discovery research to clinical logistics, the Company helps scientists preserve viability, cut costs and simplify global transport. Often referred to as ‘the hedgehog guys’, Atelerix is known for making cell and tissue preservation radically simpler.

About o2h Ventures

o2h Ventures is a Cambridge-based specialist biotech fund manager focused on building and scaling science-led companies that address significant unmet medical needs. Through its Human Health funds, including SEIS, EIS, and KI EIS Growth, o2h backs high-conviction opportunities across therapeutics, enabling technologies, and AI/ML-driven healthcare.

Alongside supporting its existing portfolio through continued investment and active involvement, o2h Ventures also participates selectively in early-stage opportunities, reflecting an evolving strategy that spans company creation through to growth and scale. o2h Ventures combines capital, infrastructure, and ecosystem support to help develop and grow innovative UK biotechs.

For more information, please visit www.o2hventures.com 

About JH

JH Health is dedicated to advancing opportunities within the medical, pharmaceuticals, and broader healthcare sectors. With a strong focus on innovation and sustainable growth, the company supports and develops initiatives that contribute to improving global health outcomes. By backing companies in medical technologies, pharmaceutical advancements, and healthcare services, JH Health plays an active role in driving progress across the industry. Its approach combines deep sector insight with a commitment to excellence, positioning the company as a contributor to the future of health and wellness. For more information email us on: info@jh-health.com 

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Please refer to the relevant fund’s full risk warnings contained in their Information Memorandums.
Your capital is at risk. Investing in early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. o2h Ventures’ funds are targeted exclusively at sophisticated or high net worth investors who understand these risks and make their own investment decisions. Tax relief depends on an individual’s circumstances and may change in the future. In addition, the availability of tax relief depends on the company invested in maintaining its qualifying status. Past performance is not a reliable indicator of future performance. You should not rely on any past performance as a guarantee of future investment performance.
o2h Ventures Limited is regulated and authorised by the Financial Conduct Authority (FRN 812245). Capital at risk, only suitable for high net worth and sophisticated investors.
© 2026 o2h ventures
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Risk Information

Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk

What are the key risks?

1 – You could lose all the money you invest

• If the business you invest in fails, you are likely to lose 100% of the money you invest. Most start-up businesses fail.

2 – You are unlikely to be protected if something goes wrong

• Protection from the Financial Services Compensation Scheme (FSCS), in relation to claims against failed regulated firms, does not cover poor investment performance. Try the FSCS investment protection checker here. (https://www.fscs.org.uk/check/investment-protection-checker)

• Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA-regulated firm, FOS may be able to consider it. Learn more about FOS protection here. (https://www.financial-ombudsman.org.uk/consumers)

3 – You won’t get your money back quickly

• Even if the business you invest in is successful, it may take several years to get your money back. You are unlikely to be able to sell your investment early.

• The most likely way to get your money back is if the business is bought by another business or lists its shares on an exchange such as the London Stock Exchange. These events are not common.

• If you are investing in a start-up business, you should not expect to get your money back through dividends. Start-up businesses rarely pay these.

4 – Don’t put all your eggs in one basket

• Putting all your money into a single business or type of investment for example, is risky. Spreading your money across different investments makes you less dependent on any one to do well.

• A good rule of thumb is not to invest more than 10% of your money in high-risk investments (https://www.fca.org.uk/investsmart/5-questions-ask-you-invest)

5 – The value of your investment can be reduced

• The percentage of the business that you own will decrease if the business issues more shares. This could mean that the value of your investment reduces, depending on how much the business grows. Most start-up businesses issue multiple rounds of shares.

• These new shares could have addition rights that your shares don’t have, such as the right to receive a fixed dividend, which could further reduce your chances of getting a return on your investment.

If you are interested in learning more about how to protect yourself, visit the FCA’s website here (https://www.fca.org.uk/investsmart)