Abcellute
Business profile
Location: south east Wales
Sector: life sciences
Web site: www.abcellute.com
Investment
Amount: £400,000 co-investment with Fusion
IP
Type: equity
Why we invested
Abcellute spun-out
from Cardiff University, planning to become a world-beating
company with its cell preservation technology.
The outcome
Abcellute will use the investment to develop its technology and
strengthen its client base.
Testimonials
"We’re thoroughly delighted with Finance Wales’ and Biofusion’s
co-investment. It will permit Abcellute to advance to the next
stage in the company’s evolution." Alex Watson, CEO, Abcellute
Ltd.
"Abcellute displays all the hallmarks of a successful spin-out
company with global potential. This investment demonstrates our
commitment to supporting the growth of early stage companies in
Wales." Steve Smith, head of early stage investments, Finance
Wales.