The University is delighted with what CIC has achieved to date and so has decided to participate in this funding round. We look forward to continuing our close relationship with the CIC team.
Victor Christou, CEO of CIC, commented, “The Cambridge ecosystem holds one of the richest seams of scientific knowledge and technological innovation in the world. Since our inception in 2013, CIC has invested over £125 million in IP-rich technology and life science companies among which are leaders in fields as diverse as surgical robotics, flexible electronics, microbiome science, genomic diagnosis and edge intelligence and AI decision making software.
“We are delighted by the support CIC has received from our existing shareholders and new investors in this financing round. The additional capital will enable us to fund our existing portfolio companies and invest in promising new companies in the Cambridge ecosystem. Our relationship with the University of Cambridge, including our privileged position as a preferred investor for the University, goes from strength to strength. We look forward to continuing to work with both the University and our wider network in the Cambridge area.”
Professor Stephen Toope, Vice Chancellor of the University of Cambridge, added, “CIC has grown since its launch to become a key part of the Cambridge ecosystem. It has provided support and investment to a portfolio of leading-edge businesses, each of which has the potential to substantially improve people’s lives. The University is delighted with what CIC has achieved to date and so has decided to participate in this funding round. We look forward to continuing our close relationship with the CIC team.”
In the first quarter of 2019, companies in CIC’s portfolio have achieved several notable milestones, including:
CIC participated in all of the funding rounds referred to above.
Goldman Sachs International acted as sole and exclusive placement agent in connection with this fundraising.
This announcement is not an offer to sell securities in the United States.
Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority, is acting exclusively for CIC and for no one else in relation to this fundraising and will not be responsible to anyone other than CIC for providing the protections afforded to its clients or for providing advice in relation to the financing or any other matters referred to or described in this announcement.