GIC Investment Part of Oxford Nanopore’s £100 Million Fundraising

London – March 27, 2018 – Cooley advised GIC of Singapore on its investment in Oxford Nanopore Technologies as part of the £100 million raised from global investors, including China Construction Bank International, Hostplus and existing investors. Cooley London managing partner Justin Stock led the team advising GIC.

Oxford Nanopore has developed the world’s only portable, real-time DNA/RNA sequencer, the MinION. The funds raised will be used for the company’s expansion, including a new manufacturing facility in Oxford, UK, development of the global team and further research and development.

“Oxford Nanopore has a unique business model of providing accessible, real-time DNA-analysis technologies that can be applied to pocket-sized or industrial installations,” said Bryan Yeo, chief investment officer of public equities at GIC, in a news release. “This investment reflects our confidence in the global demand outlook for DNA information across many industries over the long term.”

GIC is a leading global investment firm established in 1981 to manage Singapore’s foreign reserves. It is a disciplined long-term value investor with more than $100 billion in assets in 40+ countries worldwide. 

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. 

Cooley has 900+ lawyers across 13 offices in the United States, China and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.