Tekcapital plc (AIM:TEK) is raising funding for acquisitions. Tekcapital announced its intention to conduct a placing of new ordinary shares to raise a total of up to approximately £2.4 million (before expenses) and not less than £1 million. The Placing is expected to allow Tekcapital to continue to fund acquisitions of additional new potentially disruptive university intellectual properties, and complete further out-licenses of intellectual properties that are already under exclusive license to Tekcapital, several of which are currently in negotiation.