# Merlin Biosciences: portfolio, investments and team > Merlin Biosciences is a growth equity. 10 investments on record, latest Nov 2006. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/merlin-biosciences (Millionrounds; every figure on the page links to its filing or article) [Investor](https://millionrounds.com/investors) # Merlin Biosciences Last cheque observed Nov 2006. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet Growth equity Series C Series B Series D Cheques on record **0%** of best year **0** **cheques in 12 months**, 10 on record Since the last cheque **7284** days **00** hrs **00** min **00** sec Median round **$18M** Rounds led **0 of 10** Exits **1 from the portfolio** Mostly in **United Kingdom, 67%** Pitch Merlin Biosciences ## Merlin Biosciences highlights - 01 10 rounds on record - 02 Mostly Series C and Series B: 50% of its rounds - 03 1 exits from the portfolio ## What they do - **Type:** Growth equity (from a list, unverified) - **Cheque size:** Not stated - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **10 appearances** - **2006** 3 rounds - **Nov** **[Neurotech](https://millionrounds.com/company/neurotech)** Series B · US · neurotechusa.com **$35M** With 11 others - **Jul** **[Takeda Cambridge](https://millionrounds.com/company/takeda-cambridge)** Series D · GB **$13M** With 2 others - **May** **[Onyvax](https://millionrounds.com/company/onyvax)** Series C · GB · onyvax.com **$15M** With 4 others - **2005** 2 rounds - **Aug** **[Intercytex Group](https://millionrounds.com/company/intercytex-group)** Venture · GB · fiercebiotech.com **$21M** With 4 others - **Jan** **[Takeda Cambridge](https://millionrounds.com/company/takeda-cambridge)** Venture · GB **$9.4M** With 2 others - **2004** 1 round - **Jan** **[Cyclacel Pharmaceuticals](https://millionrounds.com/company/cyclacel-pharmaceuticals)** Series D · US · evaluategroup.com **$39M** With 15 others - **2003** 2 rounds - **Jul** **[Ardana Bioscience](https://millionrounds.com/company/ardana-bioscience)** Series B **$32M** With 4 others - **Jul** **[Piramed](https://millionrounds.com/company/piramed)** Series A · GB **$13M** With 1 other - **2002** 1 round - **Feb** **[Microscience](https://millionrounds.com/company/microscience)** Series C · GB **$36M** With 3 others - **2001** 1 round - **Jan** **[EpiCept Corporation](https://millionrounds.com/company/epicept-corporation)** Series C · US **$13M** With 5 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## Exits from the portfolio Companies it backed that were later bought or listed **1 in all** **[Piramed](https://millionrounds.com/company/piramed)** Bought by Roche **$160M** Apr 2008 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Series C Series B Series D Median round joined **$18M** the round, not its cheque Led 0 of 10 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Nov 2006 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Series C *3* - Series B *2* - Series D *2* - Venture *2* - Series A *1* Cheques by year Led Joined 2001 2006 Often in the room with - [Avlar BioVentures](https://millionrounds.com/fund/avlar-bioventures) 3 - [3i Group](https://millionrounds.com/fund/3i-group) 2 - [Apax Partners](https://millionrounds.com/fund/apax-partners) 2 - [Bio*One Capital](https://millionrounds.com/fund/bio-one-capital) 2 - [JP Morgan](https://millionrounds.com/fund/jpmorgan) 2 - [NIF Ventures](https://millionrounds.com/fund/nif-ventures) 2 **Pitching Merlin Biosciences?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Merlin Biosciences. A count of rooms they were both in, not a relationship either has claimed. [**Avlar BioVentures** Investment firm **3** rounds together](https://millionrounds.com/fund/avlar-bioventures)[**3i Group** Private equity **2** rounds together](https://millionrounds.com/fund/3i-group)[**Apax Partners** Private equity **2** rounds together](https://millionrounds.com/fund/apax-partners)[**Bio*One Capital** Corporate VC **2** rounds together](https://millionrounds.com/fund/bio-one-capital)[**JP Morgan** Investment bank **2** rounds together](https://millionrounds.com/fund/jpmorgan)[**NIF Ventures** Growth equity **2** rounds together](https://millionrounds.com/fund/nif-ventures)[**Scottish Equity Partners** Private equity **2** rounds together](https://millionrounds.com/fund/scottish-equity-partners) ## Quick answers about Merlin Biosciences ### What does Merlin Biosciences invest in? Merlin Biosciences invests most often at Series C and Series B (50% of the rounds on record). ### How active is Merlin Biosciences? 10 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2006. ### How big are Merlin Biosciences's cheques? The median round it joins is $18M. ### Does Merlin Biosciences lead rounds? Rarely, if at all: none of its 10 investments on record names it as the lead. ### Where does Merlin Biosciences invest? Most of the companies it backs are in the United Kingdom (67%) and the United States (33%). ### Is Merlin Biosciences investing now? No investments in the last 12 months; the latest was in Nov 2006. ### Who does Merlin Biosciences invest alongside? Most often Avlar BioVentures (3 rounds together), 3i Group (2 rounds together) and Apax Partners (2 rounds together). ### What kind of investor is Merlin Biosciences? Merlin Biosciences is a growth equity firm. ## Raising now? 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