Fundz

Oncoinvent Secures Nok 250 M In An Oversubscribed Pre-Ipo Funding Round

PRIVATEJun 29, 2021

Round Type

Venture

NorwayBiotechnologyTherapeuticsBiopharma

Description

Norway Oncoinvent AS, a clinical stage company advancing a pipeline of radiopharmaceutical products across a variety of solid cancers, announced today that the company has raised NOK 250 million in an oversubscribed pre-IPO financing round syndicated by existing investors Hadean Ventures, Geveran, RADFORSK Investeringsstiftelse, Sundt, Must Invest, Canica, MP Pensjon and Watrium. The net proceeds from the Private Placement are expected to ensure financing past end of 2023 for its lead product candidate Radspherin®, including financing of two clinical phase 2A studies (in ovarian cancer and colorectal cancer) as well as the advancement of the company’s proprietary targeted radiotherapy candidates. Oncoinvent has raised a total of NOK 535 million to date. The closing marks the last round of planned funding before Oncoinvent goes to its contemplated initial public offering (IPO) which the intends to carry out in the coming twelve months.

Quick answer

Oncoinvent ASA raised an undisclosed amount in a funding round, dated June 29, 2021. Oncoinvent ASA is based in Norway.

How much did Oncoinvent ASA raise?
Oncoinvent ASA raised an undisclosed amount in a funding round on June 29, 2021.
What does Oncoinvent ASA do?
Oncoinvent ASA is a clinical-stage biotechnology company developing novel radiopharmaceutical therapies against cancer.
Where is Oncoinvent ASA based and how big is it?
Oncoinvent ASA is based in Norway.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biopharma around the same time

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

  • Arbutus raised $81M on June 23, 2021.
  • Camp4 Therapeutics Corp raised $45M (Funding Round) on June 15, 2021.
  • Ajax Therapeutics, Inc. raised $37M on June 1, 2021.
  • Clene Nanomedicine raised $9.3M on May 26, 2021.
  • GentiBio raised $157M (Series A) on August 11, 2021.
  • Renovacor, Inc. raised $2.5M (Seed) on August 4, 2021.

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Company Information

Company

Oncoinvent ASA

Location

Norway

About

Oncoinvent ASA is a clinical-stage biotechnology company developing novel radiopharmaceutical therapies against cancer. It is known for its lead product candidate, Radspherin®, which targets micro-metastases post-surgery. The company has ongoing trials in multiple indications and a strong focus on innovation.

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Oncoinvent ASA 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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