Northern Gritstone Raises £215M To Back ‘Ip-Rich’ British University Spinouts
05/20/22, 12:00 AM
Location
Money raised
£215 million
Industry
financial services
professional services
University spinout investment company Northern Gritstone has raised £215m in funding, backed by local pension funds, to invest in British startups.
Company Info
Location
london, ontario, canada
Additional Info
Northern Gritstone is a ground-breaking new investment company based in the north of England, founded by the Universities of Leeds, Manchester and Sheffield, three of the UK’s leading educational research establishments.
It intends to be one of the largest investors into academic spin-outs in the UK dedicated to financing companies in some of the UK’s fastest growing sectors such as advanced materials, energy, health technology and cognitive computation.