A roundup of exits, including IPOs and acquisitions, across the tech transfer ecosystem.
Gelion, a UK-based battery technology developer spun out of University of Sydney, is set to begin trading on the London Stock Exchange’s Alternative Investment Market on November 30, 2021 after raising £16m ($21m) in an initial public offering at a $205m valuation. Gelion’s energy storage technology relies on a zinc-bromide gel that uses low-cost, abundant raw materials and makes the batteries highly fire resistant. The spinout had raised nearly £12.3m in total equity funding since being incorporated in 2015.
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
