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

NYSE Faces $9 Million Fine from SEC Over Trading Glitch

Regulatory action follows significant trading errors affecting market operations.Highlights: NYSE fined $9 million by SEC for a trading...

Stablecoin Startup Kast Raises $80 Million to Accelerate Growth

Funding aims to expand operations and enhance offerings in the stablecoin sector.Highlights: Kast raises $80 million inSeries A...

Nasdaq Connects European Trading Venues to Seturion Tokenized Asset Platform

New integration aims to enhance trading efficiency in Europe.Highlights: Nasdaq links European trading venues to Seturion platform.Integration focuses...

Irish Banks Launch P2P Payments Service to Enhance Digital Transactions

New service aims to simplify peer-to-peer money transfers in Ireland.Highlights: Irish banks have introduced a new P2P payments...