HomeFinTechParallel Bio: Raises $4.3M in Seed Funding

Parallel Bio: Raises $4.3M in Seed Funding

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Parallel Bio Raises $4.3M in Seed Funding

  • ParallelBio, a Cambridge, MA-based biotech company, raised $4.3M in Seed funding
  • The round was led by Refactor Capital, with participation from Y Combinator Jeff Dean, Breakout Ventures
  • The company intends to use the funds to accelerate drug discovery
  • ParallelBio has developed a platform that replicates the human immune system in a dish for drug discovery and development
  • ParallelBio validated its ability to reproducibly model immune systems across a diverse patient background
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