Fundz

Mrna Leading Expert Kenneth Chien And Novalis Lifesciences’ Marijn Dekkers Investing Eur 39M Series B2 Financing In Mrna Technology Platform Company Etherna

PRIVATEAug 23, 2022

Amount Raised

€39 Million

Round Type

Series B

AntwerpenManufacturingBiotechnologyTherapeutics

Description

eTheRNA (“the Company”), a leading mRNA technologies company, announced today that it has raised €39M in a Series B2 financing to expand investment in its integrated mRNA technology platform and further pursue its new initiatives for a partnership-driven business strategy. The round was led by Novalis LifeSciences with participation from Professor Kenneth Chien, a world-renowned expert in mRNA technology and its therapeutic applications. Existing investors, including LSP (now EQT Life Sciences), PMV, Grand Pharma, Fund+, Omega Fund, and others, also participated in the financing.

Quick answer

eTheRNA raised €39 Million in a Series B round, dated August 23, 2022. eTheRNA is based in Antwerpen, Antwerp, Belgium.

How much did eTheRNA raise?
eTheRNA raised €39 Million in a Series B round on August 23, 2022.
What does eTheRNA do?
By expanding its significant expertise in designing, synthesizing, and manufacturing cLNPs with a spectrum of properties suitable for a range of prophylactic and therapeutic indications, this innovative business model..
Where is eTheRNA based and how big is it?
eTheRNA is based in Antwerpen, Antwerp, Belgium. Fundz records about 96 employees.
Who are the decision-makers at eTheRNA?
Fundz holds 1 contact at eTheRNA. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Therapeutics and Manufacturing around the same time

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

  • NewcelX raised $4M (Seed) on October 7, 2022.
  • CASI Pharmaceuticals raised an undisclosed amount on September 23, 2022.
  • RadioMedix raised $40M (Series A) on October 7, 2022.
  • Valitor raised an undisclosed amount (Series B) on October 5, 2022.
  • Vergent Bioscience raised $22M (Series B) on October 4, 2022.
  • Sibylla Biotech raised $22M (Series A) on October 4, 2022.

Who to call at eTheRNA, and when

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Company Information

Company

eTheRNA

Location

Antwerpen, Antwerp, Belgium

About

By expanding its significant expertise in designing, synthesizing, and manufacturing cLNPs with a spectrum of properties suitable for a range of prophylactic and therapeutic indications, this innovative business model will allow the company to accelerate near-term revenue growth through technology licensing and mRNA cGMP manufacturing services for multiple future partners. The company believes that customized LNPs are critical enablers in advancing mRNA technologies to new levels of prophylactic and therapeutic utility. Since eTheRNA was founded in 2013, the Company has established an integrated set of proprietary capabilities for an end-to-end solution to design, develop and manufacture next-generation mRNA products based on enabling technologies. About eTheRNA eTheRNA is an mRNA technology platform company with integrated capabilities including mRNA construct design and optimization, coupled with specialized expertise in designing and manufacturing customized lipid nanoparticles (cLNP) formulations tailored for the prevention and treatment of various pathological states, providing end-to-end solutions for next generation mRNA therapeutics.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

eTheRNA 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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