Mercia Technologies PLC has made a follow-on investment of £1.0million into Oxford Genetics, a synthetic biology company with significant expertise in DNA design. The investment follows the recent expansion of Oxford Genetics' Board and its relocation to new, state-of-the-art facilities at Oxford Science Park.
Oxford Genetics first received seed investment via Mercia's third party managed funds in 2013 as a founding investor before transitioning it to Mercia's direct investment portfolio of 'Emerging Stars' in December 2015. Mercia has now invested £2.2million to date and holds 47.2% of the total issued share capital. This further capital support will enable Oxford Genetics to continue licensing its proprietary technology, SnapFast™, which makes DNA assembly significantly more efficient for research and production purposes within the rapidly expanding markets of Cell and Gene Therapy.
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