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YGION Biomedical announces €15 Million Series A Financing from Austrian Private Trust to Develop Individualized Cancer Immunotherapies

PRIVATEMay 21, 2024

Amount Raised

€15 Million

Round Type

Series A

ViennaBiotechnologyHealth CareTherapeuticsBiopharma

Investors

Austrian Private Trust

Description

YGION Biomedical, a company dedicated to developing individualized neoantigen-based cancer vaccines, has announced the completion of a Series A financing round of €15 million from an Austrian private trust. The proceeds will be used to further develop YGION's unique YGNITETM technology platform and advance the lead program YG-01 into preclinical and clinical development.

Quick answer

YGION Biomedical raised €15 Million in a Series A round, dated May 21, 2024. Investors: Austrian Private Trust. YGION Biomedical is based in Vienna, Vienna, Austria.

How much did YGION Biomedical raise?
YGION Biomedical raised €15 Million in a Series A round on May 21, 2024.
Who invested in YGION Biomedical?
Austrian Private Trust is named as investors in this round.
What does YGION Biomedical do?
YGION Biomedical is an Austrian biotechnology company, dedicated to make individualized cancer immunotherapy a reality.
Where is YGION Biomedical based and how big is it?
YGION Biomedical is based in Vienna, Vienna, Austria.
Who are the decision-makers at YGION Biomedical?
Fundz holds 1 contact at YGION Biomedical. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biopharma around the same time

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

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Company Information

Company

YGION Biomedical

Location

Vienna, Vienna, Austria

About

YGION Biomedical is an Austrian biotechnology company, dedicated to make individualized cancer immunotherapy a reality. By applying groundbreaking, innovative technologies, we strive to provide better and more effective treatments to cancer patients. Our approach encompasses a targeted activation of the patient’s immune system, promising to elicit a fast, strong, and long-lasting specific immune response with an excellent safety profile. We believe that directing the patient’s immune system specifically against the tumor will provide an opportunity for long-term protection against tumor relapse and metastasis and thus will contribute to an improved success for the treatment of cancer.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

YGION Biomedical 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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