Tissue Regenix Ltd to Create Jobs with £25 Million Fundraising
12/9/2011 9:37:58 AM
University of Leeds spin-out Tissue Regenix has revealed it is looking to raise £25m through a placing. The regenerative medical device maker, an IP Group portfolio company, said the move could support the creation of 30 skilled jobs in Yorkshire. Following completion of the placing, IP Group and its managed funds will hold a 17.6 per cent stake in the regenerative medical device maker. IP Group will hold a 13.8 per cent shareholding, while IP Venture Fund, a specialist venture capital fund managed by the group, will hold a further 3.8 per cent.