Glen Clova Scientific raises £4M in a Seed round led by Norcliffe Capital to develop drugs for autoimmune diseases
Apr 25, 2024•over 1 year ago
Amount Raised
£4 Million
Round Type
seed
Investors
Scottish EnterpriseTricapital AngelsDsw VenturesNorcliffe Capital
Description
Glen Clova Scientific has closed a £4M Seed round, led by Norcliffe Capital. The funding will be used to advance preclinical development of three initial drugs for the treatment of senile pruritus, atopic dermatitis, eczema, and asthma, as well as to exploit its technology platform in non-pharmaceutical markets through partnerships.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers