Cambridge University may reveal late-stage investment fund over the coming month.
The University of Cambridge may smash its own investment record set this past year as it prepares to make an announcement on its late-stage investment fund.
As reported yesterday, the university’s tech transfer unit Cambridge Enterprise made a record amount of investments in its spin-outs for the fiscal year ending July 31st, totalling $3.62m over 10 investments.
CE chief executive Tony Raven told Cambridge news provider Cabume that the new fund would need to be at least £30m to be economically viable and to provide it with the opportunity to invest in its own companies, and potentially others, beyond seed stage.
An announcement is expected over the coming month.
