Cambridge Research BioVentures (CRB) and Cambridge Research and Innovation Ltd (CRIL) have led a £1m investment in Spirogen, which develops gene technology.
The financing will be used to develop technology, sales in Europe and expansion into Southeast Asia and Australia.
The internet currency firm is reported to have put itself up for sale though investor Apax would not confirm or deny it is to sell its stake.
The buyout firm has bought eight companies as part of the Swedish telco's restructuring.
The private equity website hopes the deal for its competitor will power it towards critical mass.
The UK government says the new UK Financial Services and Markets Act (FISMA) of 2000 will come into force by the end of November 2001.
The European investment group has announced an increase of 70 per cent in profits from last year.
Fondazione Cariplo, Fondazione Cariverona and Cassa Forense have made commitments to the E160m fund.
The private equity house will seek to increase LM Glasfiber’s turnover with a view to IPO-ing within a five-year period.
The size of the investment has not been disclosed but it's reported that the deal values Comstock at "a substantial premium" over its first round valuation.