Imperial College London’s (ICL) tech transfer unit Imperial Innovations has led a consortium of investors in an £8m ($12.7m) series C for cleantech firm Plaxica.
Innovations provided £3.9m of the £8m total, and will hold a 35% stake in Plaxica upon completion of the investment. Existing backers US-based Invesco, which maintains a 45.6% stake in Innovations, contributed a further £3.9m and UK-based charity NESTA provided the remainder.
The three all contributed to a £5m series B round in Plaxica in…
