Imperial Innovations makes largest investment to date

Investment

Imperial Innovations Group plc, the technology commercialisation and investment company based at Imperial College London, has made its largest investment to date. The UK company is putting £1.6 million into InforSense Limited, a provider of software to the life sciences, financial services and other industries, as part of a £5.3 million funding round, which was jointly led by Fleming Family and Partners Private Equity (FF&P).

InforSense will use the investment to expanding its marketing and to accelerate new product development. The company, one of Imperial Innovation’s early spin outs, was formed in 1999 around research by Yike Guo in the Department of Computing at Imperial College London. Imperial Innovations has continued to support the company since formation by introducing experienced management, providing access to industrial customers, as well as investing in the company.

Susan Searle, CEO, Imperial Innovations, said, “InforSense has shown tremendous growth in the last twelve months, with a rapidly growing customer base. We are delighted to be able to support them as they continue that growth with our largest single investment to date.”

Guo, InforSense’s CEO, said, “We are pleased to have completed this round of strategic fund raising and are grateful to FF&P, Imperial Innovations, Elaia Partners, Sitka Health Fund VCT Plc and all our other shareholders for their continued support. With these funds, we are well positioned to increase our growth rate and capitalise on the current success of our business.”