# Locate Bio funding: rounds and investors

> Locate Bio has raised $20M across 3 rounds since 2021. Investors include Innovate UK, Business Growth Fund and Mercia Asset Management.

Source: https://millionrounds.com/company/locate-bio (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Locate Bio*

3 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech

Funding summary Updated 26 Oct 2026

**$20M** raised across 3 rounds since 2021, from 3 sources

**$7.5M** Round **$12M** Venture **$454K** Round

- **Latest round:** Round, $454K Nov 2024
- **Biggest round:** $12M Venture · Apr 2024
- **Investors:** 4

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2022 2023 2024

**$7.5M** Round

**$12M** Venture

**$454K** Round

- **First round:** Round, $7.5M
- **Biggest round:** $12M
- **Usual gap between rounds:** 2.6 years

## The rounds

- **Nov 2024** Round **$454K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Apr 2024** Venture **$12M** *4 new* [Innovate UK](https://millionrounds.com/fund/innovate-uk) [Business Growth Fund](https://millionrounds.com/fund/bgf) [Mercia Asset Management](https://millionrounds.com/fund/mercia-ventures) [Midlands Engine Investment Fund](https://millionrounds.com/fund/the-midlands-engine-investment-fund) Source recorded
- **Sept 2021** Round **$7.5M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2021 **Venture** 2024 **Round** 2024 [Innovate UK](https://millionrounds.com/fund/innovate-uk) [Business Growth Fund](https://millionrounds.com/fund/bgf) [Mercia Asset Management](https://millionrounds.com/fund/mercia-ventures) [Midlands Engine Investment Fund](https://millionrounds.com/fund/the-midlands-engine-investment-fund)

## Everyone who backed them

[Innovate UK](https://millionrounds.com/fund/innovate-uk) VC firm **1** round

[Business Growth Fund](https://millionrounds.com/fund/bgf) Private equity **1** round

[Mercia Asset Management](https://millionrounds.com/fund/mercia-ventures) VC firm **1** round

[Midlands Engine Investment Fund](https://millionrounds.com/fund/the-midlands-engine-investment-fund) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=locate-bio).

## Quick answers about Locate Bio

### Who invested in Locate Bio?

Locate Bio's investors include Innovate UK, Business Growth Fund, Mercia Asset Management and Midlands Engine Investment Fund.

### How much has Locate Bio raised?

Locate Bio has raised $20M across 3 rounds since 2021.

### When did Locate Bio last raise?

Locate Bio's most recent round, $454K, was in Nov 2024.

### What was Locate Bio's biggest round?

Locate Bio's largest round on record is $12M (Venture), in Apr 2024.

### Who backed Locate Bio first?

Locate Bio's first round on record, in Apr 2024, was backed by Innovate UK, Business Growth Fund and Mercia Asset Management and 1 others.

### What stage is Locate Bio at?

Locate Bio's latest named round is a Venture, in Apr 2024.

### Where is Locate Bio based?

Locate Bio is based in the United Kingdom.

## Companies like Locate Bio

In the same sector, and raised in the last eighteen months.

[**HydRegen** $12M · Oct 2026](https://millionrounds.com/company/hydregen)[**OMass Therapeutics** $442M · Oct 2026](https://millionrounds.com/company/omass-therapeutics)[**CMR Surgical** $1.1B · Oct 2026](https://millionrounds.com/company/cmr-surgical)[**Living Optics** $61M · Oct 2026](https://millionrounds.com/company/living-optics)[**Bactobio** $18M · Oct 2026](https://millionrounds.com/company/bactobio)[**RHYTHM AI** $23M · Sept 2026](https://millionrounds.com/company/rhythm-ai)

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