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AnaCardio raises €62.5M in Series B funding at lower valuation, impacting investor KDventures' portfolio value.
PRIVATESep 30, 2026
Amount Raised
€62.5 Million
Round Type
Series B
StockholmSoftwareHealth Care
Description
AnaCardio completed a €62.5M Series B funding round, though at a lower valuation than previously anticipated. KDventures AB, an existing investor, chose not to participate in the round and will write down its stake accordingly. The write-down reflects a €30.0M (49.5%) negative adjustment to KDventures' carrying value of the investment, reducing it to approximately €30.6M. AnaCardio's ownership structure now shows KDventures at approximately 2.3% on a fully diluted basis.
Company Information
Company
AnaCardio
Location
Stockholm, Stockholm County, Sweden
About
AnaCardio AB is a privately held Swedish, clinical stage biopharmaceutical company developing novel drugs to treat heart failure. AnaCardio was founded based on ground-breaking research from Karolinska Institutet showing improved contractility of the heart muscle through a unique and differentiated mechanism. Its lead program AC01 is planned to enter phase 2 clinical development in heart failure patients in 2022.
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