Northern Gritstone leads £3 million seed funding round for Silvia Bio

• Northern Gritstone led a £3 million seed funding round for Silvia Bio, a University of Sheffield biotechnology spinout.
• Silvia Bio develops cell-profiling technology and manufacturing additives to help biopharmaceutical companies produce complex medicines more reliably at lower cost.
• Other investors included Parkwalk Northern Universities Venture Fund, UK Innovation & Science Seed Fund, Wren Capital and angel investors.
• The funding will enable Silvia Bio to triple its headcount, automate processes and accelerate development of licensable products.
• Silvia Bio will also expand internationally and move into dedicated laboratory space at Sheffield's Innovation Centre.

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