Syncona launches new portfolio company Slingshot Therapeutics
Life science investor Syncona (LON: SYNC) has announced the launch of its newest portfolio company, Slingshot Therapeutics, through the Syncona Accelerator initiative.
The London-based firm has committed an initial £12.5 million ($15 million) to Slingshot, with a 100% stake anticipated once the full investment is realized. The current holding value of Syncona’s initial tranche stands at $6.7 million.
Slingshot Therapeutics will focus on advancing early-stage programs identified in academia, offering a centralized structure to provide resources, funding, and operational support.
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