TRIMTECH Therapeutics raises additional $14 million, bringing total seed round to $47 million

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โดย Business Wire·Read original
Summary · why it matters

TRIMTECH Therapeutics has raised an additional $14 million in seed funding, bringing the total for the round to $47 million. The financing was led by Johnson & Johnson Innovation – JJDC, Inc. and BGF, who join existing investors including Cambridge Innovation Capital, DDF, M Ventures, Pfizer Ventures, Eli Lilly and Company, MP Healthcare Venture Management, and Cambridge Enterprise Ventures. The new funding will support the company as it progresses its proprietary TRIMTAC and TRIMGLUE targeted protein degradation platforms for neurodegenerative diseases. Following the seed extension, representatives from JJDC and BGF will join the TRIMTECH Therapeutics board as non-executive directors.

Impact on stocks 3

Biotech & Genomic Medicine▲ · 3 stocks
Johnson & Johnson
JNJ
▲ PositiveCapitalrelevance

Johnson & Johnson Innovation led the funding round, gaining board representation and strategic access to TRIMTECH's protein degradation platforms.

Theme Impact 2

Off-coverage companies 6

TRIMTECH TherapeuticsPrivate▲ Positive
Capitalrelevance

Raised additional $14M seed funding, bringing total to $47M, led by new investors JJDC and BGF.

BGF (Business Growth Fund)Private▲ Positive
Capitalrelevance

BGF co-led the seed extension and will join the board, gaining influence in TRIMTECH's development.

Cambridge Enterprise VenturesPrivate± Mixed
relevance

Cambridge Innovation CapitalPrivate± Mixed
relevance

M Ventures (Merck KGaA corporate venture arm)Private± Mixed
relevance

MP Healthcare Venture ManagementPrivate± Mixed
relevance

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