logo
logo

Northern Gritstone Raises £215M To Back ‘Ip-Rich’ British University Spinouts

May 20, 2022•over 3 years ago

Amount Raised

£215 Million

LondonFinancial ServicesProfessional Services

Description

University spinout investment company Northern Gritstone has raised £215m in funding, backed by local pension funds, to invest in British startups.

Company Information

Company

Northern Gritstone

Location

London, Ontario, Canada

About

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.

Related People

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech