- Founded
- 2024
- Shareholding
- 100%
- Stage
- Pre-clinical
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Unless stated all financials at 30 September 2024.
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Percentage holding reflects Syncona's ownership stake at the point full current commitments are invested.
Slingshot, the Syncona Accelerator, is focused on accumulating a pipeline of early-stage programmes, identified from world-leading academic institutions, and accelerating their development towards the clinic.
Slingshot benefits from Syncona’s expertise in creating and building companies from early-stage science. Through a high-quality management team, Slingshot offers academic founders access to development expertise that is rarely available to singular early-stage programmes, as well as centralised resource, funding and operational support. This enables Slingshot to rapidly advance its programmes and create a variety of options to further progress them through the clinic and ultimately to patients.
Slingshot is led by Managing Partner Edward Hodgkin, as Executive Chair of the company, and Executive Partner Richard Wooster, as Chief Scientific Officer of the company.
Syncona added Slingshot to the portfolio with an initial commitment of £12.5 million. These proceeds will be used to support Slingshot’s operational build and platform development, as well as advance its first programme, Apini, a small molecule programme targeting inflammatory disease that was sourced from The University of Manchester.
Investment thesis
- Slingshot provides a capital efficient way to gain exposure to the returns available from translating highly innovative science into promising biotech assets
- Allows Syncona to accelerate multiple pre-clinical programmes under one pipeline, supporting the early and efficient de-risking of leading science before clinical entry