British biotech startup Aelius Biotech raises £1.25M in funding

Aelius biotech specialises in the development of models of the mucosal surfaces of the human body. Here are details of Aelius biotech’s latest funding round :

🚀 Launch

2018

🏭 Industry

Biotechnology

🧠Management

Peter Chater (Co-founder), Matt Wilcox (Co-founder) and Jeff Pearson (Co-founder)

💸 Funding & Investors

INVESTMENT (Novembre 2023)$1.25 million
INVESTORS (Novembre 2023)led by North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures.

🎯 Funding purpose

Meet demand by relocating from the university into laboratories in Newcastle, and expand its five-strong team with the creation of ten new jobs in the next two years.

🌐 Country HQ

UK (Newcastle)

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