NPIF II (Maven) and Finance Durham Fund Back Magnitude Biosciences

May 27, 2025

Magnitude Biosciences, a County Durham–based contract research organisation, secured over £700,000 in growth funding led by NPIF II - Maven Equity Finance alongside the Finance Durham Fund with continued support from Northstar Ventures. The funding, matched by an Innovate UK grant, will scale the company's WormGazer high-throughput in vivo screening platform, expand robotics, machine‑learning and biological capabilities, and create skilled jobs at NETPark in Sedgefield.

Targets
Magnitude Biosciences
Industry
Biotechnology
Location
County Durham, United Kingdom
Transaction Type
Growth capital

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