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Downing Ventures, BGF, Mercia and Calculus make joint investment in MIP Diagnostics

Downing Ventures, BGF, Mercia and Calculus make joint investment in MIP Diagnostics

Nanotechnology business, MIP Diagnostics, has completed a GBP5.1 million funding round to accelerate its global expansion. The co-investment has come from Mercia Asset Management, a founding investor and the largest shareholder in the company, and was led by Downing Ventures (GBP1.4m), BGF (GBP2m) and Calculus Capital.