Maven backs Magnitude Biosciences in £1.3 million follow-on funding round

• Maven Capital Partners backed a £1.3 million follow-on funding round for Magnitude Biosciences, a Durham University spinout based at NETPark.
• Magnitude is developing VivoScan, a high-throughput drug screening platform using C. elegans worms, imaging, machine learning, automation, robotics.
• Proceeds earmarked to scale the screening platform, expand commercial activity with global pharma clients, add equipment, hire staff.
• Maven previously invested in Magnitude in May last year through NPIF II - Maven Equity Finance, alongside the Finance Durham Fund.

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