Cambridge fund raises more than $196M in the UK's heftiest 2019 funding round
Less than two years after its last funding round, the venture fund associated with the University of Cambridge has raised a meaty £150 million ($196.4 million) — in the UK’s largest funding round of 2019 — more than doubling the financial resources available to the entity, Cambridge Innovation Capital (CIC).
Since its inception in 2013, CIC has raised £275 million to invest in a web of life science and tech companies — including those focused on surgical robotics, flexible electronics, microbiome science, genomics and AI software — within the tapestry of Cambridge, including but not limited to University of Cambridge spin-offs.
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