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Red Arrow Therapeutics closes $4.5M Seed Extension funding to advance pH-sensing nanomedicine drug delivery technologies

PRIVATEApr 23, 2024

Amount Raised

$4.5 Million

Round Type

Seed

BostonBiotechnologyHealth CareTherapeutics

Investors

Keio Innovation InitiativeOsaka University Venture Capital Co., Ltd.The University Of Tokyo Edge Capital Partners Co., Ltd.Beyond Next Ventures Inc.

Description

Red Arrow Therapeutics Inc., a developer of pH-sensing nanomedicine drug delivery technologies, closed a $4.5M Seed Extension round. The funding will be used to obtain key preclinical data on safety and efficacy of their lead compound, IL-12-loaded nanopolymeric micelles, and enable manufacturing initiation in collaboration with external partners.

Quick answer

Red Arrow Therapeutics raised $4.5 Million in a Seed round, dated April 23, 2024. Investors: Keio Innovation Initiative, Osaka University Venture Capital Co., Ltd., The University Of Tokyo Edge Capital Partners Co., Ltd. and Beyond Next Ventures Inc. Red Arrow Therapeutics is based in Boston, Massachusetts, United States.

How much did Red Arrow Therapeutics raise?
Red Arrow Therapeutics raised $4.5 Million in a Seed round on April 23, 2024.
Who invested in Red Arrow Therapeutics?
Keio Innovation Initiative, Osaka University Venture Capital Co., Ltd., The University Of Tokyo Edge Capital Partners Co., Ltd. and Beyond Next Ventures Inc. are named as investors in this round.
What does Red Arrow Therapeutics do?
Red Arrow Therapeutics, Inc. is a biotechnology company focusing on developing new technologies that can turn "cold" tumors into inflamed "hot" tumors.
Where is Red Arrow Therapeutics based and how big is it?
Red Arrow Therapeutics is based in Boston, Massachusetts, United States.
Who are the decision-makers at Red Arrow Therapeutics?
Fundz holds 1 contact at Red Arrow 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 Red Arrow Therapeutics that raised within 45 days of this round, from Fundz verified event records.

  • Calidi Biotherapeutics raised $5.5M on June 3, 2024.
  • Summit Therapeutics raised $200M on June 3, 2024.
  • Aptose Biosciences raised $4.4M (Seed) on June 3, 2024.
  • Radiomer Therapeutics raised an undisclosed amount (Pre-Seed) on May 29, 2024.
  • Bicycle Therapeutics raised $555M on May 28, 2024.
  • Bicycle Therapeutics raised $555M (Post-IPO Equity) on May 23, 2024.

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Company Information

Company

Red Arrow Therapeutics

Location

Boston, Massachusetts, United States

About

Red Arrow Therapeutics, Inc. is a biotechnology company focusing on developing new technologies that can turn "cold" tumors into inflamed "hot" tumors. Red Arrow Therapeutics' lead product candidate, RA-001, a pH-activated polymer micelle loaded with IL-12, is designed to release fully active IL-12 upon sensing intratumoral pH to safely potentiate immunotherapy. In the current pre-clinical data, RA-001 exhibits strong anti-tumor immunity in various tumor models. Furthermore, RA-001 shows high efficacy as monotherapy and in combination with immune checkpoint inhibitors.

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