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Numab Therapeutics Completes Oversubscribed Chf 100 Million Series C Financing

PRIVATEMay 20, 2021

Round Type

Series C

BiotechnologyHealth CareTherapeutics

Description

Numab Therapeutics AG, a clinical stage biopharmaceutical company developing next-generation multispecific antibody-based immunotherapies for cancer and inflammation, today announced the closing of a CHF 100 million (approximately USD 110 million) Series C financing. The financing was co-led by new investors Novo Holdings and HBM Partners, with participation from additional new investors Forbion via its Forbion Growth Opportunities Fund, Cormorant Asset Management, BVF Partners L.P., RTW Investments L.P., funds and accounts under the management of BlackRock, Octagon Capital Advisors, and existing investors. Concurrent with the financing, Nanna Lüneborg from Novo Ventures, Matthias Fehr from HBM Partners, and Carlo Incerti from Forbion have been appointed to Numab’s Board of Directors.

Quick answer

Numab Therapeutics raised an undisclosed amount in a Series C round, dated May 20, 2021.

How much did Numab Therapeutics raise?
Numab Therapeutics raised an undisclosed amount in a Series C round on May 20, 2021.
What does Numab Therapeutics do?
Numab Therapeutics is developing multi-specific antibody-based immunotherapies for inflammation and cancer.
Where is Numab Therapeutics based and how big is it?
Fundz records about 68 employees.
Who are the decision-makers at Numab Therapeutics?
Fundz holds 1 contact at Numab Therapeutics. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biotechnology around the same time

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

  • Synaptogenix raised $12M on June 29, 2021.
  • Arbutus raised $81M on June 23, 2021.
  • TRex Bio raised $59M (Series A) on June 22, 2021.
  • Zevra Therapeutics, Inc. raised $39M on June 22, 2021.
  • OncoNano Medicine raised $50M (Series B) on June 17, 2021.
  • Korsana Biosciences raised $18M on June 17, 2021.

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Company Information

Company

Numab Therapeutics

About

Numab Therapeutics is developing multi-specific antibody-based immunotherapies for inflammation and cancer. Reproducible plug-and-play therapeutic design process using proprietary platforms λ-Cap™ and MATCH™ puts Numab in a unique position to overcome historical drug discovery barriers and build a pipeline of first-in-class and best-in-class medicines aimed to maximize patient benefits. Our lead candidate NM26, a unique multi-specific targeting IL-4/13 and IL-31 for best-in-class efficacy, is developed with a vision of delivering a lifelong cure to patients suffering from atopic dermatitis (AD) and other potential indications.

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Numab 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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