Vevo Therapeutics Launches With Oversubscribed $12M Seed Financing To Discover Better Drugs Using Higher Resolution In Vivo Data Generated At Scale
Dec 08, 2022•over 2 years ago
Amount Raised
$12 Million
Round Type
seed
Investors
Camford CapitalAix VenturesMubadala CapitalWing Venture Capital
Description
Vevo Therapeutics, a biotechnology company using its Mosaic in vivo drug discovery platform and next generation AI models to uncover better drugs for more patients, launched today with an oversubscribed and upsized $12M seed financing round. Wing Venture Capital and General Catalyst co-led the round with participation from Mubadala Capital, AIX Ventures, and Camford Capital.
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