Cambridge University innovation investor raises 75 million pounds

Cambridge Innovation Capital, which commercializes technology and healthcare research from Cambridge University, has raised 75 million pounds from investors, including for the first time Woodford Investment Management. CIC, founded in 2013, has already invested 33 million pounds in 13 technology and healthcare innovations, such as a company building robots to do keyhole surgery and a drug developer that targets RNA-modifying enzymes to treat cancer. The new capital has come from fund manger Neil Woodford's company, Winton Ventures and the Oman Investment Fund as well as existing shareholders including Cambridge-based chip designer ARM Holdings and IP Group, CIC said on Friday. Read More http://ift.tt/2b2sDLc

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