Northern Gritstone

Investor: British Business Bank

British Business Bank has invested £20m in Northern Gritstone's rolling close. Summary of transaction details: Value: £20m Sector: Life sciences and deeptech Advisor: Key Entities: British Business Bank, Northern Gritstone Location: Note: This investment will help Northern Gritstone raise additional capital and expand its business.

Investor: British Business Bank

Northern Gritstone, a venture capital group based in Manchester, has successfully secured £20 million in new funding commitments from its existing shareholders, with a significant cornerstone investment from the British Business Bank. Summary of transaction details: Value: £20,000,000 Sector: Business Services Advisor: Not specified Key Entities: Northern Gritstone (Target), British Business Bank (Lead Investor) Location: Manchester, UK (Target) Note: This funding round strengthens Northern Gritstone's capacity to continue backing innovative life science and deep tech businesses emerging from universities across the North of England, contributing to regional economic growth and technological advancement.

Investor: Existing Northern Gritstone shareholders

Northern Gritstone, a life sciences and deeptech venture capital firm, has confirmed a £20m investment from its existing shareholders, taking its permanent capital to £382m. Summary of transaction details: Value: £20m Sector: DeepTech & AI Advisor: Not disclosed Key Entities: Northern Gritstone, Existing Northern Gritstone shareholders Location: North of England Note: This investment will support Northern Gritstone's ambition to create global life science and technology businesses in the North of England, driving growth and innovation in these sectors.

Investor: British Business Bank

Northern Gritstone, a venture capital firm, has secured £20 million in the first tranche of a one-year rolling close. Summary of transaction details: Value: £20 million Sector: DeepTech & AI Advisor: null Key Entities: Northern Gritstone, British Business Bank Location: null Note: The commitment is part of a wider thesis on the spinout economy, with the British Business Bank backing nearly a quarter of all university spinout deals in the UK.