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Arcis Biotechnology raises £1.25 million and opens further £0.5 million investment opportunity through Capital Cell

Arcis Biotechnology logo 25.10.18Capital Cell logo 15.11.18UK-based nucleic acid sample preparation specialist Arcis Biotechnology has closed a £1.25 million investment round and made a decision to overfund by an additional £0.5 million via specialist life sciences equity crowdfunding platform Capital Cell. Arcis will use the funds to expand its innovative product range and to support the continued growth of the company.

The £1.25 million in funding was secured from existing and new investors, based on a pre-money valuation of £18.2 million. Following its recent development successes in the isolation and preservation of microRNA (miRNA) and oncology biomarkers, Arcis is now looking to invest further in R&D and product development, and to drive international business expansion. Arcis has stated tthat the additional £0.5 million from the Capital Cell funding round will underpin the company’s projected revenue growth and its associated working capital requirements over the next two years. Previous investments in Arcis include an over-subscribed £2.5 million investment round in January 2016, and £160,000 under Innovate UK’s Biocatalyst programme.

For further information about Arcis Biotechnology visit www.arcisbio.com and for further information about Capital Cell visit https://capitalcell.co.uk

Last modified onThursday, 15 November 2018 08:48