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MI:RNA raised $4 million in a Series A funding led by NovaQuest to boost animal health technology.

PRIVATEJul 03, 2024

Amount Raised

$4 Million

Round Type

Series A

EdinburghBiotechnology

Investors

Gabriel InvestmentsAnimal Health Angels Of DerbyCompanion Fund I, Llc (Vc)Veterinary Angel Network For Entrepreneurs (Vane)Kyoritsu HoldingsNova QuestScottish EnterpriseEquity Gap

Description

MI:RNA, an Edinburgh-based firm, has secured $4 million in Series A funding from investors in Scotland and around the world. The funding will be used to grow in partnership with key multinationals in the sector to become a leading global tech company delivering impact for people, animals, and the planet.

Quick answer

MI:RNA raised $4 Million in a Series A round, dated July 3, 2024. Investors: Gabriel Investments, Animal Health Angels Of Derby, Companion Fund I, Llc (Vc), Veterinary Angel Network For Entrepreneurs (Vane), Kyoritsu Holdings, Nova Quest, Scottish Enterprise and Equity Gap. MI:RNA is based in Edinburgh, Scotland, United Kingdom.

How much did MI:RNA raise?
MI:RNA raised $4 Million in a Series A round on July 3, 2024.
Who invested in MI:RNA?
Gabriel Investments, Animal Health Angels Of Derby, Companion Fund I, Llc (Vc), Veterinary Angel Network For Entrepreneurs (Vane), Kyoritsu Holdings, Nova Quest, Scottish Enterprise and Equity Gap are named as investors in this round.
What does MI:RNA do?
MI:RNA Diagnostics have developed a novel early disease detection technology for the veterinary market that uses microRNA biomarkers to accurately identify if disease is present, through blood sample analysis.
Where is MI:RNA based and how big is it?
MI:RNA is based in Edinburgh, Scotland, United Kingdom.
Who are the decision-makers at MI:RNA?
Fundz holds 1 contact at MI:RNA. 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 MI:RNA that raised within 45 days of this round, from Fundz verified event records.

  • Savran Technologies raised $425K (Seed) on August 16, 2024.
  • MolecuLight raised $12M (Series C) on August 16, 2024.
  • Neochord raised $914K (Seed) on August 16, 2024.
  • Revolution-ZERO raised $321K (Funding Round) on August 16, 2024.
  • Jupiter Endovascular raised $21M (Funding Round) on August 15, 2024.
  • Hexarad raised $14M (Funding Round) on August 15, 2024.

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Company Information

Company

MI:RNA

Location

Edinburgh, Scotland, United Kingdom

About

MI:RNA Diagnostics have developed a novel early disease detection technology for the veterinary market that uses microRNA biomarkers to accurately identify if disease is present, through blood sample analysis. By combining this method with an artificial intelligence learning model to enable interpretation, they have adopted a true precision medicine approach. Paving the way, they hope, for many other innovative solutions in this field. It is their mission to reduce disease through research and innovation, resulting in a cascade of ethical, environmental, and economic benefits.

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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

MI:RNA 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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