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Amyl Therapeutics raises €8.25M in Series A extension funding to support the development of its clinical candidate. The round was backed by Noshaq and Merieux Equity Partners.

PRIVATESep 01, 20267 days ago

Amount Raised

€8.25 Million

Round Type

Series A

LiègeBiotechnologyTherapeutics

Investors

Merieux Equity PartnersNoshaq

Description

Amyl Therapeutics, a Liege, Belgium-based preclinical stage biotechnology company, raised €8.25M in an extension of its Series A financing. The funds will be used to finalize development of its clinical candidate for GMP manufacturing and complete necessary preclinical testing. This extension brings their total Series A to €27.85M. The company is focused on developing therapies for diseases linked to amyloid fibrils.

Company Information

Company

Amyl Therapeutics

Location

Liège, Belgium

About

Amyl Therapeutics is a preclinical stage biotechnology company based in Liege, Belgium. The company develops a technology platform designed to treat diseases linked to amyloid fibrils, particularly neurodegenerative diseases. They utilize a fusion protein engineered to recognize and neutralize toxic protein aggregates and incorporate technology to enhance blood-brain barrier passage. The firm is focused on finalizing development of its clinical candidate and validating its platform.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Amyl Therapeutics 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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