ViroCell Biologics completed an oversubscribed convertible note offering led by First Light Asset Management LLC to accelerate its growth in viral vector manufacturing services.
Aug 14, 2024•over 1 year ago
Investors
Dorset Opportunity Fund LpSartorius Stedim Biotech S.A.First Light Asset Management Llc
Description
ViroCell Biologics has successfully completed an oversubscribed financing round through a convertible note offering. The proceeds will be used to accelerate ViroCell's growth amid strong demand for its specialized services in viral vector design and manufacturing.
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