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Oxurion Nv Secures Eur 10 Million Convertible Bond Financing From Kreos Capital And Pontifax Ventures

PRIVATENov 22, 2021

Amount Raised

€10 Million

Round Type

Convertible Note

BostonSoftwareConsumer Goods

Description

Provides Additional Capital to further Develop the Company’s Innovative Pipeline of Novel Clinical Assets, THR-687 and THR-149

Quick answer

Oxurion raised €10 Million in a Convertible Note round, dated November 22, 2021. Oxurion is based in Boston, Massachusetts, United States.

How much did Oxurion raise?
Oxurion raised €10 Million in a Convertible Note round on November 22, 2021.
What does Oxurion do?
Taken together with cash on hand, the Debt Financing is not sufficient to execute the Company’s current business plan for the next 12 months without the Company accessing the further EUR 22.5 million available from the..
Where is Oxurion based and how big is it?
Oxurion is based in Boston, Massachusetts, United States. Fundz records about 51 employees.

Source: Fundz verified event record.

Who else raised in Consumer Goods and Software around the same time

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

  • Open Sea raised $300M (Funding Round) on January 5, 2022.
  • Syntegra raised $5.6M (Seed) on January 4, 2022.
  • Aimmo raised $12M (Series A) on January 3, 2022.
  • Privoro raised $30M (Series B) on December 22, 2021.
  • Haomo.Ai raised an undisclosed amount (Series A) on December 22, 2021.
  • Haomo.Ai raised $157M (Series A) on December 22, 2021.

Who to call at Oxurion, and when

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Company Information

Company

Oxurion

Location

Boston, Massachusetts, United States

About

Taken together with cash on hand, the Debt Financing is not sufficient to execute the Company’s current business plan for the next 12 months without the Company accessing the further EUR 22.5 million available from the Negma Group during that period under the funding program in place, which is subject to certain conditions. Momi Karako, Partner of Pontifax Ventures, commented “Oxurion is developing a truly innovative pipeline of novel assets, which are uniquely positioned to disrupt and grow the more than $12 billion anti-VEGF market. About Oxurion Oxurion (Euronext Brussels: OXUR) is a biopharmaceutical company developing next generation standard of care ophthalmic therapies, which are designed to better preserve vision in patients with retinal vascular disorders including diabetic macular edema (DME), the leading cause of vision loss in diabetic patients worldwide as well as other conditions, including wet age-related macular degeneration (wet AMD) and retinal vein occlusion (RVO).

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Oxurion 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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