Fundz

PhoreMost raised £9M in a Series B financing led by Parkwalk Advisors, bringing the total to £38M to support its next-generation drug targets.

PRIVATESep 10, 2024

Amount Raised

£9 Million

Round Type

Series B

CambridgeBiotechnologyTherapeuticsPharmaceuticalBiopharma

Investors

Dr. Jonathan MilnerAstellas Venture ManagementAmadeus CapitalBgfParkwalk Advisors

Description

PhoreMost has successfully added around £9 million to its Series B financing, increasing the total to around £38 million. This funding will enable the advancement of its pipeline in oncology and inflammatory diseases through preclinical development.

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Company Information

Company

PhoreMost

Location

Cambridge, England, United Kingdom

About

PhoreMost is a biopharmaceutical company specializing in the development of next-generation drug targets through its innovative SITESEEKER platform. The company focuses on degrader programs, particularly in oncology and inflammatory diseases. With recent funding, it aims to advance its pipeline of novel degrader assets toward preclinical development. PhoreMost is committed to revolutionizing medicine through targeted protein degradation.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

PhoreMost 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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