UK - Close Ventures leads £2m follow-on funding of Xceleron

Close Ventures has invested ТЃ1.5m as part of a ТЃ2m follow-on funding round in Xceleron Ltd, a provider of early-stage drug development and assessment services to the biotechnology and pharmaceutical industries. The balance was provided by Foursome Investments, as well as directors and management. This additional investment brings the total investment in Xceleron to over ТЃ4m following a ТЃ2m funding round provided by the same investors in May 2005. The new capital will fund the companyт€™s expansion in its core UK and US markets.