ARTICLE | Finance

Imperial Ambitions

Imperial Innovations: L140M to invest at U.K. universities, later-stage deals

December 13, 2010 8:00 AM UTC

Imperial Innovations Group plc (LSE:IVO) has been spinning out companies based on inventions from Imperial College London and taking part in early stage financing of the newcos. The investment firm is now raising £140 million ($219.9 million) to branch out, both into other U.K. universities, as well as into later stages of the investment cycle.

Previously, the group had raised £66 million in three rounds: £10 million in a private placement in 2005; £26 million in an IPO on the LSE in 2006; and £30 million in a follow-on in 2007...