British Business Bank invests £5m in IMU Biosciences
Press release
The British Business Bank has invested £5m in IMU Biosciences (IMU), a UK biotech company specialising in immune-powered precision medicine, as part of $53m (£40 million) Series A financing round.
The round was led by IQ Capital and Molten Ventures and supported by Meltwind alongside existing investors.
Founded by researchers from the Francis Crick Institute and King’s College London, IMU has built the world’s largest immune datasets. Its platform combines deep immune profiling with analytics to advance precision medicine offering new ways to understand immune function and transform how diseases are diagnosed and treated.
To date, IMU has raised $60 million (£45 million). The proceeds from this latest round will be used to support its expansion and advance its clinical programmes including its Stem Cell Transplant and Solid Organ Transplant Programmes in addition to MANIFEST, a UK research consortium investigating patient response to cancer immunotherapies.
Dr Carmine Circelli, Senior Investment Director, Life Sciences at British Business Bank, said,
IMU represents a rare combination of proprietary data scale and deep biological insight. By generating an unprecedented, high-resolution view of the human immune system, the company is creating a foundational platform with the potential to transform how disease is understood and treated. We are excited to support the team as they scale their platform here in the UK and translate this capability into meaningful impact for patients.
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Notes to editors
About British Business Bank
The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to drive economic growth by helping smaller businesses get the finance they need to start, scale and stay in the UK. In doing so, we help capture the economic value of innovation for the UK and create jobs and prosperity for people across the country.
The British Business Bank’s core programmes support £23bnRead footnote text 1 of finance to almost 64,000Read footnote text 2 smaller businesses.
British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. It is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at british-business-bank.co.uk.
British Patient Capital Limited is registered in England and Wales with company number 11271076, and registered office at Steel City House, West Street, Sheffield, S1 2GQ. British Patient Capital makes commitments and invests on its own behalf and on behalf of third-party investors whose investments British Patient Capital manages.
The transaction described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, the British Business Bank plc, its subsidiaries or any other party in respect of IMU Biosciences or its products or services.
About IMU Biosciences
IMU Biosciences is decoding the immune system at unprecedented resolution, speed, and scale to pioneer a paradigm shift in how we understand, diagnose and treat disease.
Founded by a leading team of experimental immunologists and computational biologists with over a decade of expertise from the Francis Crick Institute and King’s College London – IMU is moving immune system analysis from a simplistic, fragmented view to a comprehensive, ‘high definition’ system.
IMU uses a simple blood sample to measure the immune system in unprecedented detail, combining high-fidelity multi-omic analysis with proprietary machine learning analytics. With the world’s largest immune dataset, IMU has unrivalled access to patient samples and population-wide clinical data, and is establishing a universal standard for immune profiling to fuel discoveries, devise treatments, and empower clinicians.
IMU is advancing its platform towards clinical application across a broad range of immune-mediated diseases and therapeutic contexts, with active programmes in stem cell and bone marrow transplantation, solid organ transplantation, and immuno-oncology.
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1
Figures as at end March 2025
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2
Figures as at end March 2025, does not include Start Up Loans
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