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LTF makes first investment

Article Date:  Mar 30 2006


DeltaDOT, a developer of tools used in pharmaceutical and biotech research, has become the first firm to receive funding – to the tune of £600,000 – from the London Technology Fund.

A recent spin-out from Imperial College, deltaDOT has secured a total of £6 million, with the likes of Fleming Private Equity, Imperial College and Sitka VCT also investing. The company will use the cash to help commercialise its products, which are used by high-tech health firms to enhance the productivity of their research.

‘The growth of our business is accelerating as we transition from a research and product development company into a fully fledged commercial organisation,’ explains chief executive Anthony Baxter.

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