Business Life.Doctor Gordon Sanghera, CEO of Oxford Nanopore.

Oxford Nanopore secures £29.3 million Series H+ investment and share sale of £80.2 million

2 January 2020, Oxford, UK:  Oxford Nanopore Technologies has raised £29.3M ($38.6M) in new capital and additionally facilitated the sale of £80.2M ($105.9) 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 ~£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.; Read 19 highlights of 2019.

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

Funding history: Oxford Nanopore has raised a total of £451M.

  • Seed funding was obtained in two rounds, from IP Group in 2005.
  • In June 2006 the company raised £7.75m
  • In March 2008 the company raised a further £10m.
  • In January 2009 the Company announced an $18m (£11.9m) and a separate £2.1m investment
  • In February 2010 Oxford Nanopore raised £17.4m from existing investors and new, undisclosed US-based investors.
  • In April 2011 the Company raised £25m from existing and new institutional and independent investors based in the UK and US.
  • In May 2012 the Company raised £31.4m ($50.8m), the majority of which was from existing investors.
  • In October 2013 Oxford Nanopore raised £40m from new and existing investors in the US and Europe.
  • In August 2014 Oxford Nanopore raised £35m from new and existing investors in the US and Europe.
  • In July 2015 Oxford Nanopore raised £70m from new and existing investors in the US and Europe.
  • In December 2016 Oxford Nanopore raised £100m from new and existing investors worldwide.
  • In March 2018 Oxford Nanopore raised £100M ($140M) from global investors

Source: https://nanoporetech.com/about-us/news/oxford-nanopore-announces-ps1095m-1445m-investment-and-share-sales

Manoj Ranaweera

Manoj has founded, failed and successfully exited from a number of technology product companies as well as support organisations since 2004. Among them, Northern Tech Awards and edocr.com were acquired by GP Bullhound and Accusoft, Inc respectively. Today, Manoj is building a trusted support network for technology companies. He is working with founding teams to help them accelerate including raising investment and M&A.