Company Directory / Oxford Nanopore Technologies Limited

Business Description

Oxford Nanopore Technologies Ltd is a private company headquartered at the Oxford Science Park outside Oxford, UK, with satellite offices in Cambridge (UK), New York and Boston, and personnel also based in Japan and France.

The Company was founded in 2005 to develop a disruptive, electronic, single-molecule sensing system based on nanopore science. The first product, MinION, was introduced into early access in 2014 and made commercially available in 2015. The scaled-up GridION and PromethION appear in 2017. The Company has a rich development pipeline that includes the mobile-phone-compatible SmidgION.

The Company now has more than 300 employees from multiple disciplines including nanopore science, molecular biology and applications, informatics, engineering, electronics, manufacturing and commercialisation. The management team, led by CEO Dr Gordon Sanghera, has a track record of delivering disruptive technologies to the market.

Oxford Nanopore was founded on the science of Professor Hagan Bayley of the University of Oxford. In 2008 the Company created a series of collaborations with world-leading nanopore researchers at other institutions including Harvard, University of California Santa Cruz and Boston University. Further collaborations have since been added; these, in combination with in-house expertise and Intellectual Property give the company a leading position in nanopore technology.

The Company has raised £351m to date in the following fundraising rounds,:

• Seed funding was obtained in two rounds, from IP GROUP in 2005.
• June 2006 raised £7.75m.
• March 2008 raised a further £10m.
• January 2009 announced an $18m (£11.9m) investment from ILLUMINA and a separate commercialisation agreement with Illumina for the Company's exonuclease sequencing technology. In this round the Company also raised an additional £2.1m in private investment from other sources.
• February 2010 raised £17.4m from existing investors and new, undisclosed US-based investors.
• April 2011 raised £25m from existing and new institutional and independent investors
• May 2012 raised £31.4m ($50.8m), the majority … from existing investors.
• October 2013 raised £40m from new and existing investors.
• November 2013 performed a secondary placing and divested Illumina's stake in theCompany.
• August 2014 raised £35m from new and existing investors.
• July 2015 raised £70m from new and existing investors.
• December 2016 raised £100m from new and existing investors.

Registered Address

Gosling Building Edmund Halley Road
Oxford Science Park
Oxford
OX4 4DQ

Contact Details

Previous Names

NamePeriod
OXFORD NANOLABS LIMITED 2005-03-09 - 2008-05-19

Key Data

Sector
4573 Biotechnology
Company Number
05386273
Type
Private Limited Company
Company Age
14 years
Incorporated
March 9, 2005
Status
Active
Nature of Business
72190 - Other research and experimental development on natural sciences and engineering
Year End
December 31
Accounts Due
September 30, 2020
Latest Accounts
December 31, 2018

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