Abcellute Holdings Ltd Raises £220,000

Abcellute Holdings Ltd, a cell preservation technology company, completed a £220,000 funding round from exisisting sharoholders Fusion IP (AIM: FIP) and Finance Wales.
Fusion IP and Finance Wales each invested £110,000 in the round, taking their shareholdings to 32% and 22% respectively.
The funding will enable Abcellute Holdings to expand and establish its new tissue bank, which is aimed to supply fresh tissue and cells to the global pharmaceutical industry and research organisations.
Founded in September 2001 as a spinout from the School of Biosciences, Cardiff University, the company  has an operational team in the Biopark, Welwyn Garden City, and a sales team based in Cardiff.

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