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LifeMine Therapeutics Announces $50 Million Series B Financing

PRIVATEJan 07, 2021

Amount Raised

$50 Million

Round Type

Series B

CambridgeBiotechnologyHealthcareTherapeuticsBiopharma

Description

LifeMine Therapeutics Inc., a biopharmaceutical company reinventing drug discovery by mining fungal biodiversity to develop mechanistically and structurally novel therapeutics, today announced a $50 million Series B financing from leading life sciences investors. The financing was led by Rick Klausner and Milky Way Investments, with participation from existing investors GV (formerly Google Ventures), WuXi Healthcare Ventures, Foresite Capital, Arch Ventures, Blue Pool Capital, and MRL Ventures Fund. Proceeds from the Series B financing will allow the Company to accelerate and expand its drug discovery efforts, as well as strategically advance select pipeline programs toward clinical development.

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Company Information

Company

LifeMine Therapeutics

Location

100 Acorn Park, 6th Floor

Cambridge, Massachusetts, United States

About

LifeMine Therapeutics Inc. is a clinical-stage biopharmaceutical company pioneering Top-Down Drug Discovery™. The company leverages digital genomic search technology from fungi to source next-generation precision medicines. They focus on developing therapies for transplantation and immunology.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

LifeMine Therapeutics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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