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Glen Clova Scientific raises £4M in a Seed round led by Norcliffe Capital to develop drugs for autoimmune diseases

Apr 25, 2024over 1 year ago

Amount Raised

£4 Million

Round Type

seed

DundeeBiotechnology

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.

Company Information

Company

Glen Clova Scientific

Location

Dundee, Scotland, United Kingdom

About

Scottish biotech startup Glen Clova Scientific is developing drugs for chronic inflammatory and autoimmune disorders. It was founded in 2022 as a spin out from the University of Dundee.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers