Abu Dhabi venture capital IHC invested $51 million in UK firm Oxford Nanopore

UAE investors of International Holding Company announced investment of $51 million in Oxford Nanopore Technologies, a UK-based firm that specializes in DNA sequencing technology.

Abu Dhabi's IHC, listed on Abu Dhabi Securities Exchange, has operations in the UAE, Middle East, Europe, and North America through its 12 subsidiaries. The company invests in a number of sectors such as real estate, manufacturing and financial services. (Oxford Nanopore has developed and commercializes a new generation of DNA/RNA sequencing technology. The palm-sized portable MinION device, and desktop GridION and PromethION devices. Most recently, Oxford Nanopore has developed the LamPORE COVID-19 test).

IHC is listed in the Middle East Investors Directory with the code MJ97.