Relation Therapeutics raised $35M in Seed funding led by DCVC and NVentures to advance its osteoporosis pipeline and initiate discovery campaigns in new therapeutic areas.
Mar 15, 2024•almost 2 years ago
Amount Raised
$35 Million
Round Type
seed
Investors
Deerfield Management CompanyArk InvestJonathan MilnerKhosla VenturesMagnetic VenturesN VenturesDcvc
Description
Relation Therapeutics, a biotechnology company based in London, UK, raised $35M in Seed funding led by DCVC and NVentures, with participation from other investors including Khosla Ventures, Abcam founder Jonathan Milner, ARK Invest, and Deerfield Management Company. The company intends to use the funds to advance its osteoporosis pipeline towards the clinic and initiate discovery campaigns in new therapeutic areas of high unmet need.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
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