Unicorn Nest news
Founded last year, Mozart Therapeutics lands $55M to develop therapies for celiac and other diseases
- Mozart Therapeutics, a Seattle-based biotech startup, raised $55m funding. - The round was led by ARCH Venture Partners along with Sofinnova Partners. - Other backers include MRL Ventures Fund from Merck, Leaps by Bayer, and Eli Lilly & Company.
Unicorn Nest news
Tissium Raises €50M in Series C Financing
– Tissium is a medtech company developing biomorphic programmable polymers for tissue reconstruction.
– Company raised €50M in Series C financing.
– The round was led by Cathay Health, affiliated to global investment firm Cathay Capital, with participation from existing shareholders Sofinnova Partners, and others.
– The company intends to use the funds to continue to execute on its development plan, up to the commercialization of its nerve repair, hernia repair and cardiovascular sealant products.
Unicorn Nest news
Protera Announces Final Close of Its $10M Series A Led by Sofinnova Partners
– Protera, an AI-driven startup designing and developing new proteins to enable a wide range of natural and sustainable solutions, announced the final close of its Series A financing, at $10 million.
– The round was led by Sofinnova Partners, a leading European life sciences venture capital firm specialized in healthcare and sustainability.
– Protera is currently scaling-up its manufacturing process and validating its protein-based ingredients with several multinational companies.
– In particular, the financing will fast-track the scale up of protera guard™, a protein that extends the shelf-life of foods and replaces widely used chemical ingredients, with an efficient natural alternative.
Unicorn Nest news
Comet Bio Raises $22M in Series C Funding
– Comet Bio from London, Ontario CA- and Schaumburg, Illinois-based food technology company raised $22M in Series C funding.
– The round was led by Open Prairie with participation from Louis Dreyfus Company (LDC), BDC Capital, Sofinnova Partners.
– The new investment will be used to meet the market demand for its ingredients.
Unicorn Nest news
Muna Therapeutics Raises US$73M in Series A Funding
– Muna Therapeutics from Copenhagen develops small molecule programs focused on repairing neuronal dysfunction, resolving neuroinflammation and restoring neuroprotection and resilience to disease.
– The company raised $73m in Series A funding.
– The round was led by Novo Holdings, Sofinnova Partners, Droia Ventures and LSP Dementia Fund with participation from Polaris Partners, Polaris Innovation Fund, Sanofi Ventures, V-Bio Ventures and VIB.
– The company intends to use the funds to advance its programs to IND applications.
Unicorn Nest news
Micropep Raises €8.5M in Series A Funding
– Micropep is a Toulouse, France-based agricultural biotech company.
– The company raised €8.5M in Series A funding.
– The round was led by Supernova Invest with participation from FMC Ventures, Sofinnova Partners and IRDI Capital Investissement.
– The new financing will be used to further develop proprietary discovery platform and progress pipeline targeting disease control and weed suppression.
Unicorn Nest news
Mnemo Therapeutics Announces €75 million Series A to Accelerate Next Generation Integrated CAR-T and Epigenetic Targeting Platform
– Mnemo Therapeutics completed its €75m Series A financing.
– The round was led by Casdin Capital, returning investor Sofinnova Partners, and an undisclosed investor, including participation from Redmile, Emerson Collective and Alexandria Venture Investments.
– The Series A financing will allow the company to accelerate development of the EnfiniT targeting and next generation chimeric antigen receptors (CAR) T cell therapy platform combining the pioneering research from Institut Curie and Memorial Sloan Kettering Cancer Center (MSK).
Unicorn Nest news
Mainstay Medical Receives US$108M Equity Financing
– Mainstay Medical Holdings, a Dublin, Ireland-based medical device company focused on commercializing an innovative implantable restorative neurostimulation system for people with disabling mechanical Chronic Low Back Pain, closed an equity financing of US$108m.
– The round was co-led by new investors Ally Bridge Group and Sofinnova Partners, through its Crossover Fund, and also included a large, global medical device company.
– Key existing investors participating include Sofinnova Partners (Capital Fund), KCK Group and Fountain Healthcare Partners.