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Magnitude Biosciences secures €1.5 million investment to scale its in vivo drug discovery platform. The funding, led by Northstar Ventures, will accelerate the commercialisation of VivoScan TM.

PRIVATESep 15, 20261 day ago

Amount Raised

€1.5 Million

Round Type

Seed

North East DistrictFinancial ServicesFinanceLendingBanking

Investors

New Angel InvestorsMaven’s Regional FundsNorthstar Ventures

Description

Magnitude Biosciences has secured €1.5 million in funding to enhance its VivoScan TM platform for drug discovery. The investment was led by Northstar Ventures and is aimed at commercializing their proprietary high-throughput screening technology. CEO Dr. Fozia Saleem expresses ambition to revolutionize drug discovery

Company Information

Company

Magnitude Biosciences

Location

North East District, Botswana

About

The British Business Bank is a government-owned development bank aimed at improving access to finance for small and medium-sized enterprises across the UK. Its Northern Powerhouse Investment Fund II (NPIF II) focuses on supporting businesses in the North East by providing loans and equity investments. The fund has successfully completed over 315 deals, driving job creation, innovation, and expansion in the region.

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