Spinout raises £2m for new gene editing tool - Mercia
Summary
Forge Genetics raised £2m from the Midlands Engine Investment Fund II via Mercia Ventures. The university spinout develops a gene-editing tool that it says can outperform CRISPR in certain bacterial applications and may also support safer human-cell editing. The company will use the money to expand its commercial work with pharmaceutical customers and adapt the platform for human and animal cells. It also plans to grow its team as it pushes further into broader commercial use cases.
Funding
Amount
None
Total raised
Date
January 1, 2023
Announcement date
Investors
University of Nottingham
Lead investors
Company
forgegenetics.com
Funded company
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