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IP Group : Oxford Nanopore Technologies Raises £195 Mln In New Investment

IP Group plc (IPO.L) said that portfolio company Oxford Nanopore Technologies Ltd has raised 195 million pounds in new capital including 125 million pounds from new investors Temasek, Wellington Management, M&G Investments and Nikon with existing shareholders investing 70 million pounds.

IP Group noted that it committed 18.7 million pounds to the round. Following completion of the round, IP Group has a 14.5% undiluted beneficial stake in Oxford Nanopore, valued at 359 million pounds.

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