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May 21, 2024

Drug discovery biotech LabGenius raises a £35m Series B

It’s robotic platform is using machine learning to create new molecules to tackle cancer

Mimi Billing

4 min read

UK drug discovery startup LabGenius, which uses machine learning to find and design antibody therapies to treat cancer, has raised a £35m Series B led by the VC arm of pharma company Merck, M Ventures, with participation from Octopus Ventures, LG Corp, Atomico, Kindred Capital, Lux Capital and Obvious Ventures. The investment brings LabGenius’s total funding to date to £58m.

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Picture of drug discovery startup LabGenius' founder and CEO James Field.
LabGenius' founder and CEO James Field.
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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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