# Business Growth Fund's Biotech Investments: 10 Startups in Its Portfolio (2026)

> The 10 Biotech startups Business Growth Fund has backed, by stage: $172M raised between them. From the rounds we track; updated nightly.

Source: https://millionrounds.com/portfolio-maps/bgf-biotech-portfolio (Millionrounds; every figure on the page links to its filing or article)

## Stage not reported

7

- [Elvie](https://millionrounds.com/company/elvie)
- [Fluid Analytics](https://millionrounds.com/company/fluid-analytics)
- [Kids Planet](https://millionrounds.com/company/kids-planet)
- [*MH* Merigold Health](https://millionrounds.com/company/merigold-health)
- [Medicina](https://millionrounds.com/company/medicina)
- [Arcinova](https://millionrounds.com/company/arcinova)
- [pixlbio](https://millionrounds.com/company/pixlbio)

## Series A

3

- [Xampla](https://millionrounds.com/company/xampla)
- [Abselion](https://millionrounds.com/company/abselion)
- [Enhanc3D Genomics](https://millionrounds.com/company/enhanc3d-genomics)

## Segment by segment

### Stage not reported

7 startups · $135M raised

- [**Elvie**](https://millionrounds.com/company/elvie) Elvie is a femtech company that specializes in developing innovative technology to support women's health and wellness. United Kingdom $54M
- [**Fluid Analytics**](https://millionrounds.com/company/fluid-analytics) Fluid Analytics is building a smart wastewater surveillance ecosystem to help cities across the world reduce urban water pollution. United Kingdom $31M
- [**Kids Planet**](https://millionrounds.com/company/kids-planet) Kids Planet is a children’s nurseries group United Kingdom $22M
- [*MH* **Merigold Health**](https://millionrounds.com/company/merigold-health) United Kingdom $13M
- [**Medicina**](https://millionrounds.com/company/medicina) Medicina develops products needed for enternal feeding and stoma care. United Kingdom $9.1M
- [**Arcinova**](https://millionrounds.com/company/arcinova) Arcinova is a pharmaceutical research and development process Company. United Kingdom $6.6M
- [**pixlbio**](https://millionrounds.com/company/pixlbio) pixlbio is a biotechnology company focused on predictive biology for drug discovery and safety assessment. United Kingdom $136K

### Series A

3 startups · $37M raised

- [**Xampla**](https://millionrounds.com/company/xampla) Xampla is a materials innovation company based in Cambridge, UK, founded in 2018 as a spin-out from the University of Cambridge. United Kingdom $23M
- [**Abselion**](https://millionrounds.com/company/abselion) Abselion is a life science tools company based in Cambridge, UK, focused on developing measurement technologies for biomolecule analysis. United Kingdom $8.4M
- [**Enhanc3D Genomics**](https://millionrounds.com/company/enhanc3d-genomics) Enhanc3D Genomics is a functional genomics company exploring the 3D organization of DNA in health and disease. United Kingdom $5.4M

**How this map is made.** Every startup here works in Biotech and has raised money in a round we track that names Business Growth Fund as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Sector portfolio **Business Growth Fund's Energy portfolio** 11 startups · $912M](https://millionrounds.com/portfolio-maps/bgf-energy-portfolio)[Sector portfolio **Business Growth Fund's Healthtech portfolio** 10 startups · $376M](https://millionrounds.com/portfolio-maps/bgf-healthtech-portfolio)[Portfolio map **Business Growth Fund portfolio map** 88 startups · $3.3B](https://millionrounds.com/portfolio-maps/bgf-portfolio-map)[Co-investors **Who invests with Business Growth Fund** 30 co-investors](https://millionrounds.com/portfolio-maps/bgf-co-investors)[Sector portfolio **Janus Henderson Investors' Biotech portfolio** 89 startups · $21B](https://millionrounds.com/portfolio-maps/janus-henderson-investors-biotech-portfolio)[Sector portfolio **Janus Henderson Investors' Pharma portfolio** 35 startups · $6.2B](https://millionrounds.com/portfolio-maps/janus-henderson-investors-pharma-portfolio)

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