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Magnetic Ventures

Founders Christine Aylward

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 18
Average round size
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The average size of a deal this fund participated in
$92M
Portfolio companies 13
Rounds per year 3.60
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.28
Key employees Soon
Stages of investment
Early Stage Venture

Areas of investment

  • Biotechnology
  • Health Care
  • Medical
  • Life Science
  • Health Diagnostics

Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Magnetic Ventures:
Typical Co-investors
Magnetic Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Magnetic Ventures:
There are no funds here. If we find new data, we will add it here.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Weave

Biotechnology
Life Science
$10M30 May 2024 New York, New York, United States

Relation Therapeutics

Biotechnology
Genetics
Health Care
Medical
$35M14 Mar 2024 London, England, United Kingdom

Paradigm

Health Care
Health Diagnostics
Hospital
Life Science
$203M25 Jan 2023 New York, New York, United States

Project Eaden

Information Technology
Sustainability
$9M30 Jun 2022 Berlin, Berlin, Germany

Relation Therapeutics

Biotechnology
Genetics
Health Care
Medical
$25M09 Jun 2022 London, England, United Kingdom

Transition Bio

Health Care
Health Diagnostics
Medical
$50M02 Jun 2022 Cambridge, Massachusetts, United States

Spotlight Therapeutics

Biotechnology
Life Science
Therapeutics
$36M22 Mar 2022 Hayward, California, United States

Resilience

Biopharma
Biotechnology
Life Science
Pharmaceutical
$80M22 Nov 2021 San Diego, California, United States

Deep Genomics

Artificial Intelligence
Biotechnology
Genetics
Therapeutics
$180M28 Jul 2021 Old Toronto, Ontario, Canada
News
Deep Genomics Raises $180M in Series C Financing

– Deep Genomics announced the closing of a $180m Series C financing round.
– The round was led by SoftBank Vision Fund 2 and includes participation from new investors, Canadian Pension Plan Investment Board, Fidelity Management & Research Company, Alexandria Venture Investments, and existing investors Amplitude Ventures, Khosla Ventures, Magnetic Ventures, and True Ventures.
– Deep Genomics uses AI and machine learning to program and prioritize transformational RNA therapeutics for genetic diseases.
– The company has leveraged its strategic geographical advantage by combining its teams in Toronto, the birthplace of deep learning and the fastest growing technology hub in North America, with the Boston-Cambridge biotechnology hub, by hiring Jeffrey Brown, PhD, as VP of Preclinical Research, Ferdinand Massari, MD, as Chief Medical Officer, and Amanda Kay, PhD, as Chief Business Officer.

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Total investments 18
Average round size 92M
Rounds per year 3.60
Peak activity year 2020
Lead investments 2
Follow on index 0.28
Group Appearance index 0.83

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Weave

Biotechnology
Life Science
$10M30 May 2024 New York, New York, United States

Relation Therapeutics

Biotechnology
Genetics
Health Care
Medical
$35M14 Mar 2024 London, England, United Kingdom

Paradigm

Health Care
Health Diagnostics
Hospital
Life Science
$203M25 Jan 2023 New York, New York, United States

Project Eaden

Information Technology
Sustainability
$9M30 Jun 2022 Berlin, Berlin, Germany

Relation Therapeutics

Biotechnology
Genetics
Health Care
Medical
$25M09 Jun 2022 London, England, United Kingdom

Transition Bio

Health Care
Health Diagnostics
Medical
$50M02 Jun 2022 Cambridge, Massachusetts, United States

Spotlight Therapeutics

Biotechnology
Life Science
Therapeutics
$36M22 Mar 2022 Hayward, California, United States

Resilience

Biopharma
Biotechnology
Life Science
Pharmaceutical
$80M22 Nov 2021 San Diego, California, United States

Deep Genomics

Artificial Intelligence
Biotechnology
Genetics
Therapeutics
$180M28 Jul 2021 Old Toronto, Ontario, Canada
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