The fresh capital, anchored by University of Cambridge and its Endowment Fund, will enable patient capital-orientated vehicle Cambridge Innovation Capital to make new bets and sustain investments in its existing portfolio.
Cambridge Innovation Capital (CIC), the patient capital fund set up by University of Cambridge, has closed £150m ($196m) in funding, bringing its total corpus to $360m.
The funding was anchored by the university and its Endowment Fund, and was described by the fund as one of the largest private financing rounds held in Europe in 2019 so far.
CIC was formed in 2013 with $85.5m of capital to further the commercialisation of science and technology advances made…
