ReadyGo Diagnostics Secures Maven Investment to Fuel Growth
Deal News | Mar 06, 2025 | Maven Capital Partners
Maven Capital Partners, through the British Business Banks South West Investment Fund, has invested £500,000 into ReadyGo Diagnostics, a company focused on developing innovative diagnostic solutions. ReadyGo, founded in 2016 by CEO Dr. Ben Cobb and Chair Elaine Warburton OBE, specializes in diagnostic tools for point-of-care and laboratory environments. Their flagship product, SnapCollect, stands out for its ability to simplify the sample collection and preparation process. The investment aims to support product development, commercial partnerships, and R&D activities, as well as to allow ReadyGo to expand its team. This comes as ReadyGo is poised for significant growth, with plans for major partnerships by 2025. The funding represents a strategic move to support innovation and market expansion in the South West region, a focus area for the British Business Bank's South West Investment Fund.
Sectors
- Healthcare & Biotechnology
- Venture Capital & Private Equity
Geography
- United Kingdom – ReadyGo Diagnostics and Maven Capital Partners are based in the UK, and the investment supports growth within the South West of England.
Industry
- Healthcare & Biotechnology – Relevant as ReadyGo Diagnostics is involved in the development of healthcare diagnostic solutions.
- Venture Capital & Private Equity – Maven Capital Partners is a private equity firm making the investment in ReadyGo.
Financials
- 500,000 – The amount invested by Maven Capital Partners into ReadyGo Diagnostics.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ReadyGo Diagnostics | Target Company | Company | A diagnostics business specializing in innovative solutions for detecting infectious diseases. |
| Maven Capital Partners | Bidding Company | PE Firm | The private equity firm investing £500,000 in ReadyGo Diagnostics. |
| British Business Banks South West Investment Fund | Other Company | Investment Fund | The source of the investment facilitated by Maven Capital Partners. |
| Dr Ben Cobb | CEO of ReadyGo Diagnostics | Person | CEO and co-founder of ReadyGo Diagnostics. |
| Elaine Warburton OBE | Chair of ReadyGo Diagnostics | Person | Chair and co-founder of ReadyGo Diagnostics, healthcare entrepreneur. |