Pencil Biosciences Raises £5.6M To Advance Gene Editing For Rare Diseases
Sep 28, 2023•about 2 years ago
Amount Raised
£5.6 Million
Investors
Syndicate Room’s AccessO2h VenturesJonathan MilnerUki2 SCatapult VenturesGreater Manchester And Cheshire Life Science FundMartlet CapitalNorthern GritstoneOctopus Ventures
Description
UK-based gene editing and modulation tech startup Pencil Biosciences has raised £5.6 million in Seed funding. Funds will fuel the development of its platform which is designed to assist the transformation of the gene editing landscape in therapeutic solutions for those with rare diseases and cancer. Pencil Biosciences will be 'deepening and widening the capabilities of its proprietary editing and modulation technology, which is modular in design, non-CRISPR in composition and significantly smaller than any Cas-based gene editing technologies'.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers