Strathdon Investments Plc has announcedthat it has made an initial investment of £100,000 for a 5% equity interest in Oxsensis, a spinout from the CCLRC (Council for the Central Laboratory of the ResearchCouncils) Rutherford Appleton Laboratory (RAL). The total funding round raised £890,000 with Strathdon co-investing alongside Seven Spires Investments, RainbowSeed Fund and prominent private investors to accelerate the development of the Company'sextreme environment sensors.
CIC is also fundraising for CIC Mezzanine & Unitranche 5, which launched in September and held a first closing on €150m
Round is one of the largest venture capital deals in Germany this year
Berthoux and Desmottes join as operating partners, while Philips becomes a strategic partner
Vitrulan has acquired the business for its broader product range and to expand internationally