Kivu Bioscience raised $92 million in a Series A led by Novo Holdings to advance multiple oncology programs into the clinic.
Oct 28, 2024•10 months ago
Amount Raised
$92 Million
Round Type
series a
Investors
Brabantse Ontwikkelings Maatschappij (Bom)M VenturesBio Generation VenturesHealth CapRed Tree Venture CapitalGimvNovo Holdings
Description
Kivu Bioscience has successfully closed a $92 million Series A financing round, led by Novo Holdings alongside various other investors. The funds will be utilized to push their next-generation antibody-drug conjugates into clinical development, aiming for safer and more effective cancer treatments.
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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech