Elanco makes investment in Stonehaven Incubate to create 'best start-ups'

摘要

Stonehaven Incubate will be able to expand its portfolio and workforce after gaining capital backing from Elanco.While the exact amount of investment was not disclosed, the incubator's chief executive Mark Heffernan told Animal Pharm it is a "sizeableinvestment" relative to previous funding. The firm's first fundraising was at the end of last year.Elanco's investment came alongside funding from insiders at Stonehaven Incubate. No investor has received preferential rights as part of this latest transaction.