Oxford Nanopore Raises $64 Million

Oxford Nanopore In the News Again

Oxford Nanopore Raises $64 Million

Oxford Nanopore is in the news again after a long hiatus. No, this is not about the sequencing data or expected date of its launch.  Oxford Nanopore announced that it has raised  £40 million ($64 million) from new and existing investors from US and Europe.

Oxford Nanopore did make a splash at last year’s ASHG by showing off its MinION and GridION prototypes.  ASHG 2013 is just a couple of weeks away. Will we get to see more from Oxford Nanopore this year? There is a good chance for that. Earlier this year, Nick Loman blogged from AGBT 2013 that Oxford Nanopore got delayed due to unexpected problems and expect to start  “stuff this year, including data from our early-access programme.” As Nick puts it,

even if the MinIon is a year, two years late, if it’s half as good as he says it is, all will be forgotten.

Here is the press release from Oxford Nanopore.

Oxford Nanopore Technologies Ltd, the UK-based technology company specialising in nanopore-based electronic molecular analysis systems, has raised £40 million in new funding through a private placement of ordinary shares.  The investment was received from new and existing investors in the US, UK and mainland Europe.  New investors include Odey Asset Management.
Funds will be used to further develop the Company’s commercial and manufacturing infrastructure, continue innovative research and development in nanopore sensing and for various corporate objectives including the building and defence of the Company’s broad intellectual property portfolio.
This transaction brings the total funds raised by Oxford Nanopore since its foundation in 2005 to £145 million.

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  1. […] Income Fund managed by Woodford Investment Management LLP. In its last fund raising round in 2013, Oxford Nanopore raised $64 million. With this fresh round of fund raise, Oxford Nanopore has raised £180 million so far since […]

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