Aviva joins backers of university spinouts vehicle Northern Gritstone

Aviva joins backers of university spinouts vehicle Northern Gritstone

Chaired by former Treasury minister Lord O'Neill, Northern Gritstone will announce on Thursday that it has raised £50m from a syndicate of asset managers and pension funds, Sky News learns.

Northern Gritstone Raises £50m To Back Northern Innovation

Northern Gritstone has secured a further £50 million from major institutional investors, bolstering its mission to build globally competitive science and technology businesses in the North of England. The latest raise brings the firm’s total permanent capital to £362 million.

Northern Gritstone secures £50m to fuel Northern innovation - Business Link Magazine

Northern Gritstone has secured £50 million in new funding to expand its investments in early-stage life sciences and deep tech businesses in the North of England. The capital injection includes £35 million from Northern LGPS, the asset pool representing pension funds for Greater Manchester, Merseyside and West Yorkshire. The remaining £15 million comes from new […]

Leading institutional investors invest in Northern deep tech investment firm - portfolio institutional

Leading institutional investors have invested £50m in Northern Gritstone, a life sciences and deep-tech investment firm focused on Northern England, bringing its total capital investment to £362m. £35m of the new funding commitments comes from Northern LGPS, the collective asset pool for Greater Manchester, Merseyside and West Yorkshire Pension Funds, with a further £15m boost from new investors Fulcrum Asset Management and Aviva. Northern Grits…

Northern Gritstone raises £50m backed by Aviva and UK pension funds

Deep tech investor Northern Gritstone has raised £50m from institutional investors including the investment arm of insurer Aviva. The cash injection brings the Pragmatic Semiconductor and Optalysys investor’s total permanent capital to £362m. Northern Gritstone backs life science and deep tech firms in the north of England, typically at an early stage. “We are very grateful for this further support from investors in our journey to develop world…

Northern VC investor confirms LGPS backing

A life sciences and deeptech investment firm focused on place-based investments in the North of England has confirmed a £50m investment and appointed a senior Northern LGPS investor to its board. Northern Gritstone, a venture capital investor which supports the life sciences sector in the North of the UK, has confirmed a £35m commitment from Northern LGPS, alongside a further £15m from Fulcrum Asset Management and Aviva. Northern’s latest invest…