4 February 2010

Oxford University spin-out raises £17.4M

Science|Business

Funding

Oxford Nanopore Technologies Ltd., an Oxford University spin-out that is commercialising technology for the label-free analysis of single molecules, has raised £17.4 million in a new funding round, bringing the total raised by the company to over £49 million.

The round was funded by existing investors including Lansdowne Partners and Invesco Perpetual, with the founding investor IP Group plc, the publicly-quoted technology transfer specialist, also following on. Oxford Nanopore’s US partner in the DNA sequencing market, Illumina, put in more money, while unnamed US institutions invested for the first time.

At the close of the round IP Group plc owns just short of 25 per cent of Oxford Nanopore, a stake it values at around £25...

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