logo
logo

Senda Biosciences Announces Closing Of $98 Million Series B Financing

Senda Biosciences Announces Closing Of $98 Million Series B Financing

06/10/21, 12:16 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgcambridge
Money raised
$98 million
Round Type
series b
Senda Biosciences, a company that is systematically harnessing the powerful molecular interactions that have evolved over millennia between humans, plants, and bacteria to develop new types of medicines, announced today the completion of a $55 million Series B extension financing, bringing its total Series B funding to $98 million and total funding raised to date to $143 million. Proceeds from the financing will be used to advance the development of Senda's platform and its therapeutic programs into clinical trials. Flagship Pioneering, Senda's founder, participated along with new investors including Longevity Vision Fund, Terra Magnum Capital Partners, Mayo Clinic, Partners Investment and Mint Venture Partners. Current investors Alexandria Venture Investments and State of Michigan Retirement System also participated.

Company Info

Company
Senda Biosciences
Location
cambridge, maryland, united states
Additional Info
Senda is systematically harnessing the powerful molecular interactions that have evolved over millennia between humans, plants, and bacteria to develop new types of medicines. Senda's platform enables the deployment of proteins or genetic material throughout the body in unprecedented ways, tunable modulation of the immune system, and precise intervention at the point of interaction between human and non-human species. By pioneering this new approach, called intersystems biology, the company aims to develop novel medicines with unprecedented safety, efficacy, and precision. To learn more, please visit the company's website at www.sendabiosciences.com.