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Hemispherian Raises The First Tranche Of A Series A To Fund The Development Of Its Novel Cancer Therapeutics

PRIVATENov 24, 2022

Round Type

Series A

OsloBiotechnologyHealth CareScience And EngineeringPrivacy And Security

Investors

The Dutch Investment Firm

Description

Hemispherian AS ("Hemispherian" or the "Company"), a Norwegian preclinical pharmaceutical company focused on small molecule cancer therapeutics targeting the DNA damage response, is delighted to announce the closure of the first tranche of its series A1 financing round. The round raised NOK 30M (USD 2.9M). The proceeds will support the company's drug development activities, expand its preclinical pipeline and advance its lead therapeutic compounds towards clinical development.

Quick answer

Hemispherian AS raised an undisclosed amount in a Series A round, dated November 24, 2022. Investors: The Dutch Investment Firm. Hemispherian AS is based in Oslo, Norway.

How much did Hemispherian AS raise?
Hemispherian AS raised an undisclosed amount in a Series A round on November 24, 2022.
Who invested in Hemispherian AS?
The Dutch Investment Firm is named as investors in this round.
What does Hemispherian AS do?
Hemispherian is an innovative pharmaceutical company focused on developing a novel class of small molecule drugs (GLIX).
Where is Hemispherian AS based and how big is it?
Hemispherian AS is based in Oslo, Norway.

Source: Fundz verified event record.

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

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

  • Aspen Neuroscience raised $40M (Debt Financing) on December 22, 2022.
  • Cardurion Pharmaceuticals raised $18M on December 16, 2022.
  • Trait Biosciences Inc. raised $230K (Series A) on November 16, 2022.
  • Appili Therapeutics Inc. raised $14M (Funding Round) on November 14, 2022.
  • Viome raised $67M (Series C) on October 18, 2022.
  • Variantyx raised $20M on October 18, 2022.

Who to call at Hemispherian AS, and when

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Company Information

Company

Hemispherian AS

Location

Oslo, Norway

About

Hemispherian is an innovative pharmaceutical company focused on developing a novel class of small molecule drugs (GLIX). GLIX compounds target the TET2 enzyme and activate the DNA damage response resulting in cancer cell death. The company's lead compound, GLIX1, is in late-stage preclinical development for the treatment of glioblastoma multiforme, a deadly cancer of the central nervous system and the leading cause of death by disease in children. Hemispherian is further focused on developing a companion diagnostic tool to support patient selection for optimal therapeutic response to GLIX1. Hemispherian is based in Oslo, Norway. For more information, visit www.hemispherian.com.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Hemispherian AS 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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