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iVeena has been awarded a $2 million grant from the National Eye Institute to advance a novel therapy for pediatric myopia.

PRIVATESep 18, 2025

Amount Raised

$2 Million

Round Type

Grant

Salt Lake CityBiotechnologyHealth Care

Description

iVeena Delivery Systems, Inc. announced it has received a $2 million Phase 2 SBIR grant from the National Eye Institute. This funding will support the development of innovative topical eye drops aimed at slowing myopia progression in children. The research will explore disease mechanisms and evaluate the effectiveness of this therapy

Quick answer

iVeena raised $2 Million in a Grant round, dated September 18, 2025. iVeena is based in Salt Lake City, Utah, United States.

How much did iVeena raise?
iVeena raised $2 Million in a Grant round on September 18, 2025.
What does iVeena do?
iVeena Delivery Systems, Inc. is a privately held, clinical stage ophthalmology company developing disease-modifying pharmacologic innovations for refractive diseases. iVeena has licensed its lead asset to Glaukos..
Where is iVeena based and how big is it?
iVeena is based in Salt Lake City, Utah, United States. Fundz records about 8 employees.
Who are the decision-makers at iVeena?
Fundz holds 2 contacts at iVeena. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Biotechnology and Health Care around the same time

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

  • Sernova raised $345K (Seed) on October 31, 2025.
  • Intensity Therapeutics raised $4M (Post-IPO Equity) on October 31, 2025.
  • Creative Medical Technology Holdings raised $4.2M (Funding Round) on October 31, 2025.
  • Zetagen Therapeutics raised $13M on October 31, 2025.
  • Prelude raised $5M on October 30, 2025.
  • Surgical Automations raised $3.4M (Seed) on October 30, 2025.

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Company Information

Company

iVeena

Location

Salt Lake City, Utah, United States

About

iVeena Delivery Systems, Inc. is a privately held, clinical stage ophthalmology company developing disease-modifying pharmacologic innovations for refractive diseases. iVeena has licensed its lead asset to Glaukos Corporation, IVMED-80, an Orphan Drug Designated eye drop for keratoconus. iVeena is developing IVMED-85, a first in class, investigational eye drop formulation for pediatric myopia.

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iVeena 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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