Albion News

Close Ventures the leading Venture Capital Trust Manager, is pleased to announce that it has invested £1.5 million into PSE. Close Ventures has now made 16 investments in 2007 with a total value of £40 million. 11 of these were new investments making up £36 million of the total amount invested. PSE was founded 10 years ago as a spin out from Imperial College London and is the creator of market leading gPROMS® process modelling software. gPROMS® is used by process industry organisations to increase profitability by maximising product quality and minimising production cost. In addition, it... read more
Close Venture Management (“Close”) is pleased to announce it has invested £2.0 million in RFI Global Services Limited (“RFI”). Close is the sole investor in RFI, which provides third party testing of sophisticated electronic and wireless devices and sub systems. The investment was made across a number of Close’s funds. Founded in 1987, RFI now operates internationally in three business areas: Cellular, Smart Cards and Wireless Communications. The largest area, Cellular, provides conformance testing services predominantly to the manufacturers of mobile phones. RFI’s clients in this area... read more
Close Venture Management is pleased to announce it has made a £1.5 million investment in Xceleron Limited (“Xceleron”) a contract research company providing specialist services to the pharmaceutical industry. Close was joined in the funding round by Foursome Investments who contributed a further £0.5 million, bringing the total invested to £2.0 million. The new funding will be used to provide working capital and to finance a significant growth phase in Xceleron’s development. Xceleron, a spin out from the University of York, is the world’s foremost company using the nanotechnology of... read more