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Trace Biosciences secures a strategic investment from Axogen in its Series A round to further develop its Nerve Trace imaging technology.

PRIVATEJul 29, 202611 days ago

Round Type

Series A

PortlandBiotechnology

Investors

Axogen, Inc.

Description

Trace Biosciences, Inc. announced a strategic investment from Axogen to advance the clinical development of its nerve-specific imaging technology. This investment is part of Trace's Series A financing round, aimed at supporting Phase II and III clinical trials. The funding will enhance the visibility of nerves during surgical procedures, improving surgical outcomes

Company Information

Company

Trace Biosciences

Location

Portland, Oregon, United States

About

Trace Biosciences is a clinical-stage biotechnology company pioneering nerve-targeted imaging technologies for surgery. The company is developing a new class of small-molecule imaging agents designed to make nerves visible and measurable in clinical settings. Its mission is to make safe, precise surgery a reality by making nerves visible in every operating room.

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Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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