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Announced

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ARCH Venture and Sofinnova Partners led a $55m Series A funding round in Mozart Therapeutics.

Financials

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Transaction Value£43m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Biotechnology

biopharmaceuticals

Minority

Venture Capital

Domestic

Private

Friendly

United States

Private Equity

Completed

Acquisition

Synopsis

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ARCH Venture and Sofinnova Partners, two venture capital firms, led a $55m Series A funding round in Mozart Therapeutics, a biopharmaceutical company, with participation from Eli Lilly & Company, MRL Ventures Fund, Leaps by Bayer, Altitude Life Science Ventures and Alexandria Venture Investments. "Modulating the CD8 T reg network represents a novel way to tackle a root cause of immune system dysregulation. We are pleased to support the advancement of Mozart's innovative research that may hold promise to significantly impact the course of a wide range of diseases," Steve Gillis, ARCH Venture Partners Managing Director.

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