Redx raises $36M in Series A funding to support Phase 2 trial of RXC008 for Crohn's disease, led by Abingworth.
Amount Raised
$36 Million
Round Type
Series A
Investors
Description
Redx secured $36 million in Series A funding to advance its drug candidate RXC008 through Phase 2 trials for Crohn's disease. This financing will help demonstrate the drug's effectiveness in tackling fibrosis. The round was led by Abingworth, with contributions from other investors including British Business Bank. Redx plans to utilize this funding for operations beyond its pending merger with Skye Bioscience.
Quick answer
Redx raised $36 Million in a Series A round, dated August 27, 2026. Investors: NEXTBio Capital, 5AM Ventures, British Business Bank, Redmile and Abingworth.
- How much did Redx raise?
- Redx raised $36 Million in a Series A round on August 27, 2026.
- Who invested in Redx?
- NEXTBio Capital, 5AM Ventures, British Business Bank, Redmile and Abingworth are named as investors in this round.
- What does Redx do?
- Redx is a biopharmaceutical company focused on discovering and developing innovative medicines for cancer and fibrosis.
- Where is Redx based and how big is it?
- Fundz records about 140 employees.
Source: Fundz verified event record.
Who else raised in Therapeutics and Pharmaceutical around the same time
Companies in the same sectors as Redx that raised within 45 days of this round, from Fundz verified event records.
- Ensho Therapeutics raised $7.3M on October 2, 2026.
- Breye Therapeutics raised $77M (Series A) on September 29, 2026.
- Orvida Pharma raised an undisclosed amount on September 15, 2026.
- Newron Pharmaceuticals S.p.A. & EA Pharma Ltd raised $6.4M on September 8, 2026.
- Dimerix Limited raised $25M (Debt Financing) on September 4, 2026.
- Apollomics raised $10M on August 14, 2026.
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Funding Insights
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