📝 Cambridge Innovation Capital launches $126M fund

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Cambridge Innovation Capital (CIC) has launched a £100 million ($126 million) "Opportunity Fund" to support later-stage deep tech and life sciences startups in the Cambridge ecosystem, addressing the UK's long-standing growth funding gap. Anchored by Aviva Investors and British Patient Capital, the fund will invest up to £20 million per company, with initial investments in chipmaker Pragmatic Semiconductor and quantum computing firm Riverlane. The move aligns with the UK government's AI Action Plan, which aims to strengthen the "Golden Triangle" of London, Oxford, and Cambridge with £14 billion in funding to build Europe’s “Silicon Valley.”

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