Imperial Innovations Says Aqdot Raises GBP5.0 Million

LONDON (Alliance News) - Investment company Imperial Innovations Group PLC on Monday said portfolio company Aqdot Ltd has raised GBP5.0 million from a series A funding round.

Imperial had invested GBP3.0 million in the round, with other investors including the University of Cambridge's commercialisation arm Cambridge Enterprise Ltd, investment management firm Parkwalk Advisors Ltd, and Providence Investment Company.

Innovations first invested in the company in November 2013 and has now invested a total of GBP4.6 million, meaning it holds a 47% interest in Aqdot.

Aqdot is a specialist chemical company which is working on encapsulation technology, enabling the production of tiny droplets to carry active materials such as cleaning enzymes for domestic cleaning products or agricultural chemicals for crop treatments.

By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland

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