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Vyriad, Inc. Raises $29.5M In Series B Funding Led By Renowned Genetics Entrepreneur

PRIVATEMay 17, 2022

Amount Raised

$29.5 Million

Round Type

Series B

RochesterBiotechnologyHealth CareScience And Engineering

Description

Vyriad, Inc., a clinical-stage biotechnology company developing oncolytic virus therapies to treat a wide range of cancers, today announced $29.5M in new funding led by Mr. Harry Stine of Stine Seed Farms, Inc. with participation from existing investors. Stine Seed Farms joins Mayo Clinic, Mirae Asset, Regeneron Pharmaceuticals Inc., Southeast Minnesota Capital Fund (SMCF), and several high-net-worth individuals on the Vyriad investment roster

Quick answer

Vyriad raised $29.5 Million in a Series B round, dated May 17, 2022. Vyriad is based in Rochester, New York, United States.

How much did Vyriad raise?
Vyriad raised $29.5 Million in a Series B round on May 17, 2022.
What does Vyriad do?
Vyriad is a clinical-stage biotechnology company developing targeted genetic medicines for cancer and other serious diseases.
Where is Vyriad based and how big is it?
Vyriad is based in Rochester, New York, United States. Fundz records about 52 employees.
Who are the decision-makers at Vyriad?
Fundz holds 2 contacts at Vyriad, including the EVP. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Science And Engineering and Biotechnology around the same time

Companies in the same sectors as Vyriad that raised within 45 days of this round, from Fundz verified event records.

  • Advanced NanoTherapies raised $7.2M (Series A) on June 28, 2022.
  • PineTree Therapeutics raised $24M (Series A) on June 7, 2022.
  • Upstream Bio raised $200M (Series A) on June 2, 2022.
  • 22nd Century raised $58M on May 25, 2022.
  • OliX Pharmaceuticals raised $45M (Funding Round) on May 25, 2022.
  • Moma Therapeutics raised $150M (Series B) on May 10, 2022.

Who to call at Vyriad, and when

A new round usually means Vyriad is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Vyriad

Location

2900 37th Street NW

Rochester, New York, United States

About

Vyriad is a clinical-stage biotechnology company developing targeted genetic medicines for cancer and other serious diseases. The company uses engineered viruses, viral vectors, and viral envelope glycoproteins to deliver therapeutic genes directly to selected cells. It has ongoing corporate partnerships with Regeneron Pharmaceuticals and Novartis. Vyriad’s developmental programs include oncolytic virotherapy, in vivo gene therapy, and gene-editing applications, with ongoing Phase 1–2 trials across multiple cancer indications. Vyriad is a privately held company based in Rochester, Minnesota and was co-founded by Mayo Clinician-Scientists, Dr. Stephen Russell and Dr. Kah-Whye Peng, to further develop and bring into clinical trials a set of research breakthroughs in their gene and virus therapy research labs.

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Related People

2 contacts
Verified contactsLuke R., EVPSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Vyriad raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.