Oxford Science Enterprises, the investment company backing businesses spun out of Oxford university’s academic research, has completed a £250mn fundraising to support breakthroughs focused on science and technology.
The OSE rights issue involving existing and new shareholders cements the company as one of the biggest of its kind in the UK, with assets worth more than £1bn and investments in 80-plus spinout businesses.
Existing OSE shareholders include Huawei, the Chinese telecoms equipment maker that the UK government in 2020 banned as a supplier of kit for Britain’s 5G mobile networks.
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