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CIC Raises £150M To Reinforce Cambridge Ecosystem

 
• By Mike Ward

Cambridge Innovation Capital completes £150m fundraising to give it more firepower to reinforce Cambridge, UK’s pre-eminent status as Europe’s leading life sciences and tech hub.

CIC secures funds to nurture Cambridge ecosystem • Source: Shutterstock

Despite uncertainty associated with the torturous discussions around the UK’s planned exit from the European Union, Cambridge Innovation Capital has secured an additional £150m ($196m) to finance the foundation and growth of high tech and life science companies in and around Cambridge, UK. This new fundraise brings the total capital raised since 2013 to £275m. “The new funds will be used to support the further development of the existing portfolio and help establish new businesses in the Cambridge cluster,” Victor Christou, CIC’s CEO, told Scrip.

Joining the existing shareholder base -- which includes Woodford Investment Management, Winton Ventures, the Oman Investment Fund, the University of Cambridge Endowment Fund, Lansdowne Partners, ARM and IP Group plc -- is a broad range of undisclosed pension funds, family offices and two corporate investors from across the globe

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