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RhyGaze raised $86M in a Series A round led by GV to further develop a novel gene therapy for vision restoration.

Jan 10, 202511 months ago

Amount Raised

$86 Million

Round Type

series a

BaselBiotechnologyHealth Care

Investors

Novartis Venture FundBio Generation VenturesF Prime CapitalArch Venture PartnersGv

Description

RhyGaze secured a Series A financing of USD 86 million to advance its lead clinical candidate, a novel gene therapy for optogenetic vision restoration in diseases causing blindness. The funding will support pharmacology and toxicology testing, observational studies, and a first-in-human clinical trial.

Company Information

Company

RhyGaze

Location

Basel, Basel City, Switzerland

About

RhyGaze AG is pioneering a transformative approach with cone optogenetics, which has the potential to revolutionize vision restoration for patients suffering from blindness.

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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