Red Arrow Therapeutics Inc. closes $4.5M Seed Extension round

BOSTON, April 23, 2024 /PRNewswire/ -- Red Arrow Therapeutics Inc. closed a $4.5M Seed Extension round, raising from four, top-tier institutional investors in Japan.

Participants of this round are:

• Beyond Next Ventures Inc.
• The University of Tokyo Edge Capital Partners Co., Ltd.
• Keio Innovation Initiative, Inc.
• OSAKA University Venture Capital Co., Ltd.

This boosts the accumulative funding raised by Red Arrow Therapeutics to nearly $5.5M, along with previous funding from The University of Tokyo Edge Capital Partners Co., Ltd., University of California, Berkeley's accelerator SkyDeck , and other non-dilutive funding.

Emerging from the University of Tokyo's Cabral Lab in 2021, Red Arrow Therapeutics Inc. develops pH-sensing nanomedicine drug delivery technologies for multiple therapeutic areas such as oncology. Headquartered in Boston, Massachusetts, the company is committed to delivering cutting-edge technology for patients in need worldwide.

The Seed extension round will allow Red Arrow Therapeutics to obtain key preclinical data on safety and efficacy of their lead compound, IL-12-loaded nanopolymeric micelles. The funding will also enable manufacturing initiation in collaboration with external partners.

Red Arrow Therapeutics, Inc.

Founders: Takuya Miyazaki, Ph.D. , Horacio Cabral, Ph.D., and Rika Tajima, MPH

Founded Date: August 19, 2021

Address:

• US Headquarters: 1 Broadway 14F, Cambridge, Massachusetts 02142
• JP Office: Toranomon Hills Business Tower 1-17-1 Toranomon, Minato City, Tokyo 105-6490

Website: https://redarrowtx.com/

Contact: https://redarrowtx.com/contact/

Rika Tajima
[email protected]  

View original content:https://www.prnewswire.com/news-releases/red-arrow-therapeutics-inc-closes-4-5m-seed-extension-round-302121980.html

SOURCE Red Arrow Therapeutics Inc.