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.
- Buyers
- NPIF II - Maven Equity Finance (managed by Maven Capital Partners), Finance Durham Fund, Northstar Ventures
- Targets
- Magnitude Biosciences
- Industry
- Biotechnology
- Location
- County Durham, United Kingdom
- Transaction Type
- Growth capital
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