Investors bet $195 million on Cambridge University research
UK-based investment firm Cambridge Innovation Capital (CIC) has raised £150 million ($195 million) for investment in life science businesses in the Cambridge area.
The firm focuses on investing in technologies which stem from research at Cambridge University, one of the world’s leading academic centers. CIC has now raised a total of £275 million for this purpose.
The financing was supported by a range of new and existing investors, with the University of Cambridge and Cambridge University Endowment Fund making the cornerstone investment.
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