Sheffield spin-out Magnomatics raises $4m for its magnetic gear technology.

University of Sheffield (UoS) spin-out Magnomatics has successfully raised £2.5m ($4m) from university investment firm Fusion IP, UoS and Yorkshire Finance. The UK-based firm will receive £1.06m ($1.7m) from both Fusion IP, which provides backing for spin-outs from UoS and Cardiff University, and Yorkshire Finance, a Joint European Resources for Micro to medium Enterprises initiative.…

The rest of this content is only accessible to Global Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.