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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, 2026•1 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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