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IP Group Plc's Portfolio company Oxford Nanopore Announces £40 Million Fundraising

Wednesday, 9 Oct 2013 03:30am EDT 

IP Group Plc announced that portfolio company Oxford Nanopore Technologies Limited, a spin-out company from the University of Oxford that specialises in nanopore-based electronic molecular analysis systems, has raised GBP40 million in new funding via a private placement of ordinary shares. The investment was received from new and existing investors in the US, UK and mainland Europe. New investors include Odey Asset Management. Funds will be used to further develop Oxford Nanopore's commercial and manufacturing infrastructure, continue research and development in nanopore sensing, and for various corporate objectives including the building and defence of its broad intellectual property portfolio. 

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1.2 +0.55%
8:46am EDT