Oxford Nanopore announces £70 million fundraising

22-Jul-2015 - United Kingdom

Oxford Nanopore Technologies Ltd has raised £70 million ($109 million) in new funding through a private placement of ordinary shares. Both new and existing investors in the UK, US and mainland Europe subscribed to the fundraising to support the Company’s development and commercialisation of electronic molecular analysis systems.

Funds will be used to support improvements to the Company’s existing range of products and services and to further develop and expand its innovative pipeline. Manufacturing and commercial activities will be expanded.

This transaction brings the total funds raised by the company to £251 million.

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