Heraeus is investing in the Nottingham spin-out.

Locate Therapeutics, a spin-out from Nottingham University, has secured equity investment from Heraeus Holding, a precious metal and technology business. Although the amount is undisclosed, the investment is part of a multi-million-pound funding package secured by Locate. That package includes a £1.4m ($2.35m) grant from the Technology Strategy Board, the UK’s innovation agency.

Locate Therapeutics specialises in regenerative medicine and devices. The company was previously awarded funding and financial assistance from the Wellcome Trust and the university, which it used…