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Myrobalan Therapeutics Completes Series A Financing Of $24 Million To Develop Potentially First-In-Class Cns Therapeutics With Restorative Potential

PRIVATEJan 10, 2024

Round Type

Series A

MedfordBiotechnology

Investors

AB Magnitude Ventures Group3 E Bioventures CapitalGuan Zi Equity Investment PartnershipCo Win Ventures

Description

Myrobalan Therapeutics, a biotechnology company developing novel oral neurorestorative therapies to repair damage and restore neural function in high-unmet need degenerative CNS conditions, today announced completion of a $24 million Series A funding. Funding was led by Co-win Ventures, with participation from new and existing investors including, Guan Zi Equity Investment (Li Shui) Partnership (Limited Partnership), 3E Bioventures Capital, and AB Magnitude Ventures Group.

Quick answer

Myrobalan Therapeutics raised an undisclosed amount in a Series A round, dated January 10, 2024. Investors: AB Magnitude Ventures Group, 3 E Bioventures Capital, Guan Zi Equity Investment Partnership and Co Win Ventures. Myrobalan Therapeutics is based in Medford, Massachusetts, United States.

How much did Myrobalan Therapeutics raise?
Myrobalan Therapeutics raised an undisclosed amount in a Series A round on January 10, 2024.
Who invested in Myrobalan Therapeutics?
AB Magnitude Ventures Group, 3 E Bioventures Capital, Guan Zi Equity Investment Partnership and Co Win Ventures are named as investors in this round.
What does Myrobalan Therapeutics do?
Myrobalan Therapeutics is a preclinical stage biotechnology company headquartered in Medford, Massachusetts, with a focus on developing oral neurorestorative therapies aimed at reversing key pathologies underlying brain..
Where is Myrobalan Therapeutics based and how big is it?
Myrobalan Therapeutics is based in Medford, Massachusetts, United States. Fundz records about 21 employees.
Who are the decision-makers at Myrobalan Therapeutics?
Fundz holds 2 contacts at Myrobalan Therapeutics. 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 Myrobalan Therapeutics that raised within 45 days of this round, from Fundz verified event records.

  • DeepLook Medical raised $1.7M (Seed) on February 23, 2024.
  • Lumicell raised $2.3M (Seed) on February 22, 2024.
  • Simple Planet raised $6M (Series A) on February 22, 2024.
  • Frontier Medicines Corp raised $80M (Series C) on February 22, 2024.
  • Samphire Neuroscience raised $2.3M (Pre-Seed) on February 21, 2024.
  • INSAMO raised $12M (Seed) on February 21, 2024.

Who to call at Myrobalan Therapeutics, and when

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

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Company Information

Company

Myrobalan Therapeutics

Location

Medford, Massachusetts, United States

About

Myrobalan Therapeutics is a preclinical stage biotechnology company headquartered in Medford, Massachusetts, with a focus on developing oral neurorestorative therapies aimed at reversing key pathologies underlying brain dysfunctions and CNS conditions. Myrobalan applies deep knowledge of neurological processes such as demyelination and neuroinflammation, and innovative drug discovery tools, to create highly selective and brain-penetrant therapeutic candidates that are uniquely positioned for treating CNS conditions with significant unmet medical need. Myrobalan’s pipeline of novel remyelination and anti-neuroinflammation programs are being advanced with the strategic support of renowned institutional co-founders. Myrobalan is committed to a transformed future in which patients with degenerative CNS conditions can access safe and effective medicines offering restorative potential.

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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

Myrobalan Therapeutics 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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