Cambridge Innovation Capital has returned a second time to back a $240m series C for CMR Surgical, helping bring the surgical robotics company's total funding to $386m.
CMR Surgical, a UK-based surgical robotics developer raised £195m ($240m) in series C funding yesterday from investors including Cambridge Innovation Capital (CIC), the patient capital fund affiliated with University of Cambridge.
Asset management group LGT, investment firm Watrium, private equity fund Zhejiang Silk Road Fund and Escala Capital also contributed to the round, together with unnamed US-based investors. The round valued CMR at more than $1.2bn, according to the Financial Times.
Founded in 2014, CMR has created a…
