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Acorn Biolabs raised $11 million CAD in Series A funding led by Merz Aesthetics to expand its regenerative medicine services

PRIVATEJun 03, 2024

Amount Raised

C$11 Million

Round Type

Series A

TorontoBiotechnologyHealth Care

Investors

Lee Li HoldingsThe Leslie GroupMDE InvestmentsTelus Global VenturesMerz Aesthetics

Description

Acorn Biolabs, founded in 2017, has announced approximately $11 million CAD ($8 million USD) in Series A funding to enhance its stem cell preservation services for personalized regenerative medicine. The funding round was led by Merz Aesthetics with support from Telus Global Ventures, MDE Investments, The Leslie Group, Lee Li Holdings, and several undisclosed physicians in the aesthetics, orthopedic, and longevity fields. Acorn plans to use the capital to expand its commercial footprint and develop cosmetic offerings.

Quick answer

Acorn Biolabs raised C$11 Million in a Series A round, dated June 3, 2024. Investors: Lee Li Holdings, The Leslie Group, MDE Investments, Telus Global Ventures and Merz Aesthetics. Acorn Biolabs is based in Toronto, Ontario, Canada.

How much did Acorn Biolabs raise?
Acorn Biolabs raised C$11 Million in a Series A round on June 3, 2024.
Who invested in Acorn Biolabs?
Lee Li Holdings, The Leslie Group, MDE Investments, Telus Global Ventures and Merz Aesthetics are named as investors in this round.
What does Acorn Biolabs do?
Toronto-based biotechnology startup Acorn Biolabs aims to provide clients with access to personalized regenerative medicine through preserving cells for future hair regrowth, skin rejuvenation, injury recovery, and..
Where is Acorn Biolabs based and how big is it?
Acorn Biolabs is based in Toronto, Ontario, Canada.
Who are the decision-makers at Acorn Biolabs?
Fundz holds 1 contact at Acorn Biolabs. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Biotechnology and Health Care around the same time

Companies in the same sectors as Acorn Biolabs that raised within 45 days of this round, from Fundz verified event records.

  • GRO Biosciences raised $27M on July 18, 2024.
  • Novocuff raised $26M (Series A) on July 17, 2024.
  • Renalys Pharma raised $38M (Series A) on July 17, 2024.
  • Loci Orthopaedics raised $14M (Series A) on July 17, 2024.
  • NGM Bio raised $122M (Series A) on July 17, 2024.
  • Truvian Health raised $74M (Funding Round) on July 17, 2024.

Who to call at Acorn Biolabs, and when

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Company Information

Company

Acorn Biolabs

Location

Toronto, Ontario, Canada

About

Toronto-based biotechnology startup Acorn Biolabs aims to provide clients with access to personalized regenerative medicine through preserving cells for future hair regrowth, skin rejuvenation, injury recovery, and disease treatment.

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Fundz sees it the moment Acorn Biolabs raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Acorn Biolabs raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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