KUALA LUMPUR, April 5 (Bernama) -- Cambridge Innovation Capital plc (CIC) has completed a funding round of £150 million, raising the total capital to date, to £275 million. (£1=RM5.34).
CIC is the venture capital investor focused on intellectual property rich technology and life science businesses in the Cambridge ecosystem.
The funds raised will be used to support CIC’s current portfolio of 25 companies and enable investment in new opportunities arising from both the University of Cambridge and the wider Cambridge ecosystem.
The financing was supported by a geographically diverse range of new institutional and strategic investors, with the University of Cambridge and Cambridge University Endowment Fund contributing to the cornerstone investment.
It is one of the largest private financing rounds in Europe this year and more than doubles the financial resources available to CIC.
Goldman Sachs International acted as sole and exclusive placement agent in connection with this fundraising.
CIC chief executive officer, Victor Christou said the Cambridge ecosystem held one of the richest seams of scientific knowledge and technological innovation in the world.
“Since our inception in 2013, CIC has invested over £125 million in IP-rich technology and life science companies among which are leaders in fields as diverse as surgical robotics, flexible electronics, microbiome science, genomic diagnosis and edge intelligence and AI decision making software.”
-- BERNAMA
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