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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