LabGenius, a London-based company specializing in machine learning-driven drug discovery, has successfully closed a £35 million ($45 million) Series B funding round. The round was led by M Ventures, the venture capital arm of Merck, and included participation from Octopus Ventures, Lux Capital, Kindred Capital, and Atomico. This latest funding brings LabGenius' total funding to $75 million. The company plans to use the funds to accelerate the development of its AI-powered antibody discovery platform and expand its therapeutic pipeline of multispecific antibodies, which are designed to treat cancer.
London-based LabGenius, which uses ML to find and design antibody therapies to treat cancer, raised a £35M Series B led by Merck's VC arm, M Ventures (@mimibilling / Sifted) https://t.co/t5Z8ph2uAs 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/VtBzWg1iUC
🎉🔬🧫⚕️Limula ‘cell-ebrates’ $6.8M for Swiss-made access to life-saving gene therapies. https://t.co/GT3Xc9ljj8 @LimulaB @Verve_Ventures @oxfordseedfund @DeVigier #Europe #funding #Medtech #news #Startups #Switzerland https://t.co/zH5GrgZsUo
Another big day for AI-driven therapeutics! Following hot on the heals of @OchreBio's $35m BI Partnership, congratulations @labgeni_us on your Series B fundraise led by M Ventures and Octopus. Incredible milestone in a tough market. Kudos @jejfield 💪https://t.co/lNuU0649hs
💸🧫🔬🤖 LabGenius cements £35M to advance AI-powered antibody discovery platform. https://t.co/7SrlWPb4rD @labgeni_us @merckgroup @OctopusVentures @LGE_Global @atomico @CapitalKindred @Lux_Capital #AI #funding #London #Medtech #news #Startups https://t.co/ffceXFCfpZ
EXCITING NEWS! 📣 Today we announce LabGenius’ £35 million Series B fundraise! 🎉🚀 With these funds, we’ll be accelerating the development of both our ML-driven drug discovery platform and therapeutic pipeline of multispecific antibodies 🔬 🗞️ For more details on the round,… https://t.co/Lqp3L59NQQ
Congratulations to @jejfield and the whole team at @LabGenius, for closing their $45m Series B, which brings their total funding to $75m. Read the full story here 👇 https://t.co/LmmIwHwUme #FundingNews #TechBio #VC #tech