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GDMC secures $21 million to expand advanced genetic therapies

PRIVATEJan 25, 2024

Amount Raised

$21 Million

Round Type

Funding Round

SingaporeBiotechnology Research

Investors

WI Harper GroupNSG VenturesSeeds CapitalCeladon Partners

Description

GDMC secures $21 million to expand advanced genetic therapies. The funding round was led by Asia private equity firm Celadon Partners, with participation from SEEDS Capital, NSG Ventures and WI Harper Group. The Singapore-based company will use the funds to accelerate novel technology, with the aim of bringing down costs for partners advancing medicines through clinical trials and towards commercialization.

Quick answer

GDMC raised $21 Million in a Funding Round round, dated January 25, 2024. Investors: WI Harper Group, NSG Ventures, Seeds Capital and Celadon Partners. GDMC is based in Singapore.

How much did GDMC raise?
GDMC raised $21 Million in a Funding Round round on January 25, 2024.
Who invested in GDMC?
WI Harper Group, NSG Ventures, Seeds Capital and Celadon Partners are named as investors in this round.
What does GDMC do?
At Genetic Design and Manufacturing Corporation (GDMC), our mission is to exponentially increase the availability of genetic medicines and change millions of patients’ lives.
Where is GDMC based and how big is it?
GDMC is based in Singapore.
Who are the decision-makers at GDMC?
Fundz holds 1 contact at GDMC. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Biotechnology Research around the same time

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

  • Baseimmune raised $11M (Series A) on February 26, 2024.
  • eFeed raised $10M (Seed) on February 21, 2024.
  • VRG Therapeutics raised $15M (Series B) on February 20, 2024.
  • Colipi raised $1.9M (Seed) on February 19, 2024.
  • FreezeM raised $14M (Series A) on February 15, 2024.
  • SingleTimeMicroneedles raised an undisclosed amount (Pre-Seed) on February 14, 2024.

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Company Information

Company

GDMC

Location

Singapore

About

At Genetic Design and Manufacturing Corporation (GDMC), our mission is to exponentially increase the availability of genetic medicines and change millions of patients’ lives. We achieve this by partnering and supporting early-stage companies and investigators with innovative therapeutic modalities such as gene therapies or nucleic acids. Leveraging our expertise in process development and manufacturing, we accelerate our partners ability to bring their ideas through clinical trials and into market. We are growing quickly and looking for talented individuals eager to build something new, challenging and impact lives with transformative medicines. GDMC is currently building out our facilities in Tuas (within 2km of Gul Circle and Tuas West MRT station)

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