Loyal Announces $45 Million Series B Financing led by Bain Capital Ventures for development of FDA-Approved Dog Lifespan Extension Drug.
Mar 21, 2024•over 1 year ago
Amount Raised
$45 Million
Round Type
series b
Investors
Todd & Rahul’s Angel FundQuiet CapitalCollaborative FundBox GroupFirst Round CapitalKhosla VenturesValor Equity PartnersBain Capital Ventures
Description
Loyal, a biotech company specializing in longevity drugs for dogs, has secured $45 million in Series B funding led by Bain Capital Ventures. The funding will support the development and expected launch of FDA-approved dog lifespan extension drugs.
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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech