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MEDiC Life Sciences secured $5M in a corporate round led by LG and Hanmi to drive the adoption of its innovative cancer biomarker discovery technology.

PRIVATEOct 14, 2024

Amount Raised

$5 Million

Round Type

Series A

Mountain ViewBiotechnology

Investors

Hanmi PharmaceuticalLg

Description

MEDiC Life Sciences announced a $5M strategic investment from LG and Hanmi Pharmaceutical. This funding will accelerate the adoption of MEDiC’s breakthrough cancer biomarker discovery technology and bolster its drug discovery efforts.

Quick answer

MEDiC Life Sciences raised $5 Million in a Series A round, dated October 14, 2024. Investors: Hanmi Pharmaceutical and Lg. MEDiC Life Sciences is based in Mountain View, California, United States.

How much did MEDiC Life Sciences raise?
MEDiC Life Sciences raised $5 Million in a Series A round on October 14, 2024.
Who invested in MEDiC Life Sciences?
Hanmi Pharmaceutical and Lg are named as investors in this round.
What does MEDiC Life Sciences do?
MEDiC Life Sciences uses its MCAT™ platform to discover new therapeutic targets and biomarkers for solid cancers.
Where is MEDiC Life Sciences based and how big is it?
MEDiC Life Sciences is based in Mountain View, California, United States.
Who are the decision-makers at MEDiC Life Sciences?
Fundz holds 1 contact at MEDiC Life Sciences. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Biotechnology around the same time

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

  • Celosia Therapeutics raised $17M (Series A) on November 28, 2024.
  • Biotangents raised $2.9M (Seed) on November 28, 2024.
  • Althion raised $427K (Pre-Series A) on November 28, 2024.
  • Autoimmunity BioSolutions raised $2M (Seed) on November 28, 2024.
  • GeneCapture raised $500K (Seed) on November 27, 2024.
  • Animol raised $4M on November 27, 2024.

Who to call at MEDiC Life Sciences, and when

A new round usually means MEDiC Life Sciences is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day MEDiC Life Sciences raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at MEDiC Life Sciences, from your own LinkedIn network

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Company Information

Company

MEDiC Life Sciences

Location

Mountain View, California, United States

About

MEDiC Life Sciences uses its MCAT™ platform to discover new therapeutic targets and biomarkers for solid cancers. In addition to developing its own drug programs, the company delivers novel targets and biomarkers for solid tumor indications being pursued by its partners' oncology programs. Founded in 2020, MEDiC emerged from discoveries made through Stanford University's SPARK program. MEDiC is backed by a group of financial and strategic investors, including LG, Hanmi Pharmaceutical, Top Harvest Capital, Primer Sazze Partners, Illumina Accelerator, Big Basin Capital, First In Ventures, and Wing Venture Capital.

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Fundz sees it the moment MEDiC Life Sciences raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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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

MEDiC Life Sciences 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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