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Oxford Nanopore Technologies raises £109.5m in investment and share sales

Oxford Nanopore Technologies raises £109.5m in investment and share sales

Oxford Nanopore Technologies raises £109.5m in investment and share sales with £29.3m of new capital and £80.2m from sale of secondary shares.

Oxford Nanopore Technologies has raised £29.3m ($38.6m) in new capital and additionally facilitated the sale of £80.2m ($105.9m) in secondary shares, resulting in total gross proceeds of £109.5m ($144.5m).

These funds have been raised internationally and include both new investors and existing shareholders, from the US, Europe and Asia/Pacific.

This brings the total primary investment in Oxford Nanopore to around £480m to date.

Further information on Oxford Nanopore’s fundraising will be made available in due course.

The Company made substantial progress in 2019; from scaling up to population-scale sequencing with PromethION, to accurate, rapid testing in cancer and infectious disease.

USD amounts assume an exchange rate of 1.32 at 31st December 2019.

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