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Pencil Biosciences Raises £5.6M To Advance Gene Editing For Rare Diseases

Sep 28, 2023about 2 years ago

Amount Raised

£5.6 Million

Alderley Park

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'.

Company Information

Company

Pencil Biosciences

Location

Alderley Park, United Kingdom

About

Pencil Biosciences is developing a truly innovative gene modulation technology that can have an impact across a range of applications, including new therapeutic options for patients with rare diseases.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers