Cambridge Innovation Capital has hauled in $1.3bn for the local ecosystem since 2013 as the fund marks a $52.2m portfolio gain for its latest six-month reporting period.
Cambridge Innovation Capital (CIC), the university’s affiliate patient capital fund, has helped local businesses attract a total of £1bn ($1.3bn) in investment since the initiative was founded in 2013.
The milestone was reached as CIC’s portfolio gained $52.2m in net fair value terms over the six months to September 30, 2019, bringing its overall worth to about $309m from $243m at the beginning of the period.
The fund equipped 14 portfolio companies with $28.1m over the six months,…
