Fusion IP, a UK-based commercialisation company, has raised £20m for new and existing ventures, as well as signing Memorandum of Understanding (MOU) agreements with the University of Nottingham and Swansea University.
The funds were raised through the issue of 36,363,637 shares of 1p in the firm at a price of 55p a share to both new and existing shareholders. The firm plans to use the funds to continue investment in its portfolio companies, whilst simultaneously providing financing for new start-ups.
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