PolyModels Hub raises £1.1M in a Seed round led by Marathon Venture Capital to digitise pharmacology.
Jul 09, 2024•about 1 year ago
Amount Raised
£1.1 Million
Round Type
seed
Investors
Marathon Venture Capital
Description
English biotech software platform PolyModels Hub has raised £1.1 million Seed round by Marathon Venture Capital. PolyModels' thesis is that though investments in lab automation, AI, and robotics are increasing, pharma process development – all steps and protocols scientists follow to turn chemical compounds into safe commercial products – is typically characterized by archaic processes and lagging adoption of digital tools.
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