UK - Shakleton makes follow-on investment into NanoSight

Nanosight, which is headquarted in Amesbury, Wiltshire, was founded in 2002 by the current chief technical officer, Bob Carr. The business develops novel instruments for the optical detection and real time analysis of sub-micron particles based on a suite of patents, which can be used across a range of applications. The client base comprises 150 companies and universities developing nano materials such as catalysts, viruses, magnetic and pharmaceutical particles, including 3M Corp, BP, GlaxoSmithKleine and Unilever.

Shackleton first invested in NanoSight around a year ago, with the company being one of the first investments from the firms second fund, Shackleton Secondaries II LP. NanoSight has performed strongly since this initial investment: sales increased by over 70% in 2008 and the business recently completed a £1m funding round.

Shakleton specialises in direct secondary venture capital investments, buying both portfolio of existing investments and individual assets. The firms second fund was formed in November 2007 and has £25m in committed capital, with the principal backer being a single fund-of-funds manager with EUR 1.5bn in assets under management.

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