Cambridge Innovation raises £150M

Cambridge Innovation raised £150 million ($196 million) to back its portfolio of 25 companies and invest in spinouts from the University of Cambridge and Cambridge area.

Cambridge Innovation Capital plc CEO Victor Christou told BioCentury the funding will enable the firm to invest for the next two to three years. University of Cambridge and Cambridge University Endowment Fund were cornerstone investors, with Goldman Sachs as the placement agent (see “Backing Cambridge’s AI Boom”)...