Northern Gritstone

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.