Luca Science: Raises $M in Series A Financing

  • The round was led by Axil Capital Partners, with participation from Remiges Ventures, Nippon Venture Capital, Fast Track Initiative and CaHC
  • Luca Science is a preclinical biopharmaceutical company focusing on the discovery of novel mitochondria therapy to treat diseases and injuries in multiple therapeutic areas
  • Mitochondria are the power plants in human cells that produce energy for human bodies
  • These small intracellular organelles house cellular aerobic respiration, the process also used to turn oxygen and nutrients into energy
  • Then the company is developing an innovative platform of highly functional mitochondrial using proprietary technologies
  • Its mitochondria can stored and delivered as a biopharmaceutical agent
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...