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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, 2024almost 2 years ago

Amount Raised

$35 Million

Round Type

seed

LondonBiotechnology

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.

Company Information

Company

Relation Therapeutics

Location

338 Euston Road

London, England, United Kingdom

About

Relation is pioneering a “Lab-in-the-Loop” that can integrate active learning at every step of drug discovery, from predicting cell states to the validation of new targets. An important challenge for any therapeutics company using machine learning is “ground-truth data,” or information known to be true. Working from real cells provided by proprietary biobanks, Relation’s technology generates genomic data that provide direct insights into critical biological relationships that are fed directly into its ML systems. The platform then requests new experiments to improve its predictive ability, cutting through an otherwise intractable combinatorial space.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech