UK - Aquarius Origin invests in Conformetrix
Newly-launched Aquaris Origin Fund has acquired a minority stake in drug development company Conformetrix in a deal of undisclosed value.
Though no financial details have been disclosed, the fund typically invests a maximum of £750,000 at one time.
Manchester-based Conformetrix specialises in analysing natural molecules to help discover new drug treatments. The Manchester University spin-out was founded in 2008 and employs five people.
The Aquarius Origin Fund was launched less than six months ago with the aim of raising £7.5m to invest in high growth potential unlisted companies based predominately in the north of England. Its fund is made up of cash from high net worth individuals.
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