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Cargene Closes A Us$19.2M Pre-A Round Led By Biotrack Capital

PRIVATEDec 14, 2021

Amount Raised

$19.2 Million

Round Type

Funding Round

SingaporeBiotechnologyHealth CareScience And Engineering

Description

Cargene Biopharma Inc. ("Cargene") announced today the close of an over-subscribed US$19.2 million pre-Series A funding round. The financing was led by BioTrack Capital, with participation from Hyfinity Investments, Legendstar Capital and other investors.

Who else raised in Science And Engineering and Biotechnology around the same time

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

  • Septerna raised $100M (Series A) on January 27, 2022.
  • Advanced NanoTherapies raised $9.2M on January 26, 2022.
  • Kyverna Therapeutics raised $85M (Series B) on January 26, 2022.
  • Enliven Therapeutics raised an undisclosed amount (Funding Round) on January 19, 2022.
  • Feldan Therapeutics raised an undisclosed amount (Funding Round) on January 18, 2022.
  • PostEra Inc. raised $26M on January 14, 2022.

Who to call at Cargene, and when

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Company Information

Company

Cargene

Location

Singapore

About

To tackle the most critical unmet need in NASH, Cargene has exclusively in-licensed regenerative medicine-related technology from Singapore's Agency for Science, Technology and Research (A*STAR) to reduce liver fibrosis in NASH patients. Cargene is also developing technologies for targeted delivery of oligonucleotides to a variety of organs and tissues, and novel nucleosides to boost pharmaceutical efficacy of the siRNAs. Cargene was jointly founded by XQ Lin, Chairman and founder of EVX Ventures, Dr. Yann Chong Tan, a serial biotech entrepreneur who has co-founded a NASDAQ listed biotech company and Dr.Torsten Wuestefeld, principal investigator at A*STAR's Genome Institute of Singapore. Cargene has a scientific board of world-class scientists comprising Professors Harvey Lodish, Roger Foo, Kausik Ray, and Torsten Wuestefeld. Cargene has a founding team comprising biotech serial entrepreneurs and world-class experts in nucleic acid chemistry. Cargene is a preclinical-stage biopharmaceutical company developing oligonucleotide therapeutics for cardiovascular, fibrotic and pulmonary diseases.

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Cargene 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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