Cambridge Innovation raises L75M

Cambridge Innovation Capital plc raised L75 million ($97 million) in a private placement that included new investors Woodford Investment Management, Winton Ventures and the Oman Investment Fund. Existing shareholders including the University of Cambridge Endowment Fund, Lansdowne Partners, ARM Holdings plc (LSE:ARM; NASDAQ:ARMH) and IP Group plc (LSE:IPO) also participated.

Launched in 2013 with L50 million ($79.9 million), Cambridge Innovation is an evergreen fund that invests in life sciences and tech companies. The fund invests primarily in businesses in the University of Cambridge's community, including university spinouts (see BioCentury, Nov. 24, 2014). ...