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Alys Pharmaceuticals Raises $100M in Financing

Finsmes · 1y ago

Alys Pharmaceuticals Raises $100M in Financing

Boston and Geneva-based immuno-dermatology company, Alys Pharmaceuticals, has secured $100 million in funding from Medicxi. Co-founded by Medicxi and leading dermatology and scientific experts, Alys aims to develop a pipeline of 14 active programs targeting various dermatological indications, including psoriasis, vitiligo, atopic dermatitis, and mastocytosis. The company plans to deliver between seven to ten clinical Proof-of-Concept (POC) readouts within the next three years and potentially advance at least one program to registrational studies. Alys is also collaborating with prominent research institutions to further expand its platforms.

Related News

Uber leads $100M investment in African mobility fintech Moove as valuation hits $750M

TechCrunch · 1y ago

Uber leads $100M investment in African mobility fintech Moove as valuation hits $750M

African mobility fintech company Moove has raised $100 million in a funding round led by Uber, the ride-hailing giant's first investment in an African startup. Moove offers vehicle financing to drivers working for ride-hailing and delivery apps. The funding will be used to expand Moove's revenue-based vehicle financing platform to 16 markets by 2025. The company plans to focus on expanding its fleet of electric vehicles and sustainable mobility solutions. Moove currently operates in Nigeria, South Africa, Ghana, the UK, India, and the UAE.

Specialty chemical startup Scimplify raises $9.5 million from Omnivore, others

Economic Times

Economic Times · 1y ago

Specialty chemical startup Scimplify raises $9.5 million from Omnivore, others

Bangalore-based specialty chemical manufacturing startup Scimplify has secured $9.5 million in a Series A funding round led by Omnivore. The company plans to use the funding to boost its research and development capabilities and expand into new markets. Founded in 2023, Scimplify operates as a business-to-business fulfillment platform, offering end-to-end sourcing and manufacturing of specialty chemicals for industries such as pharmaceuticals, agrochemicals, and personal care. The global specialty chemicals market was valued at over $800 billion in 2023, with agrochemicals and pharmaceuticals accounting for more than 60% of the market.

Microfinance institution Satin Creditcare raises $100M social loan

YourStory

YourStory · 4m ago

Microfinance institution Satin Creditcare raises $100M social loan

Satin Creditcare Network Limited (SCNL) secured a $100 million syndicated social term loan via Standard Chartered Bank, with participation from six Sri Lankan banks. The funding aims to enhance financial services access in India’s underbanked regions, especially for rural women and marginalized communities. The loan includes a $25-million greenshoe option, reflecting SCNL's strong governance and financial resilience. SCNL, with a presence in 29 states, also offers MSME loans and affordable housing solutions.

Fintech startup QuiD Cash raises $4.5 Mn in pre-Series A round

Entrackr

Entrackr · 7m ago

Fintech startup QuiD Cash raises $4.5 Mn in pre-Series A round

Supply chain fintech startup QuiD Cash has raised $4.5 million (around Rs 38.23 crore) in its pre-Series A round from a host of angel investors, including Piyush Jain and existing backer MINTCAP. Earlier in 2024, QuiD had raised Rs 5 crore in its pre-seed funding led by Mint Cap Enterprises and Stone Park Capital. The proceeds will be used for technology enhancement and business growth. The firm has also launched QuiD Capital, an NBFC designed to facilitate anchor-led invoice financing. Founded by Subhash Gupta and Vikram AG, QuiD Cash provides tech-based financial solutions through its B2B supply chain platform. It serves around 8,000 users and partners with over 20 major companies in the FMCG, automotive, pharmaceuticals, and agriculture industries. These companies handle transactions worth Rs 50 crore to RS 250 crore every month. The firm operates with a team of 40 employees and plans to expand to 50 people next year. It aims to onboard 5 lakh retailers in the next two years.

Torrent Pharma in talks with CVC, Bain Capital to raise funds for Cipla buyout

Livemint

Livemint · 1y ago

Torrent Pharma in talks with CVC, Bain Capital to raise funds for Cipla buyout

Indian pharmaceutical company, Torrent Pharmaceuticals, is in discussions with private equity firms CVC Capital Partners and Bain Capital to secure funds for acquiring a stake in Cipla. The company aims to raise up to $1.5 billion for the bid, which could potentially become one of India's largest pharmaceutical deals. Cipla's founding family is reportedly interested in selling their entire 33.4% stake, with additional stake acquisition potential under Indian regulations. Foreign banks, including Morgan Stanley and Barclays, are also in talks with Torrent to arrange potential debt financing for the deal.

Google-backed AI startup Anthropic raises $100M from SK Telecom

IndianStartupNews

IndianStartupNews · 1y ago

Google-backed AI startup Anthropic raises $100M from SK Telecom

Anthropic, a Google-backed AI startup competing with Microsoft's OpenAI, has secured $100 million in funding led by SK Telecom Venture Capital. The investment is coupled with a commercial partnership to develop a large language model tailored for telcos. Anthropic plans to leverage SKT's domain expertise in telecommunications to fine-tune the model for various applications like customer service, marketing, sales, and consumer interactions across multiple languages.

Two Point O Capital raises $6.3 Mn in seed round

Entrackr

Entrackr · 10m ago

Two Point O Capital raises $6.3 Mn in seed round

Climate financing platform Two Point O Capital has raised $6.3 million in its seed round led by Omnivore, with participation from Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and a group of marquee angels. The proceeds will be used to improve its tech-enabled platform for sourcing, financing, and monitoring distributed projects in clean energy sectors, and to hire a top-tier team. Founded in 2024 by Archit Mehrotra, Karan Bhutani, Manya Ranjan, and Shashidhar Reddy, Two Point O Capital offers flexible financing solutions for distributed clean energy projects in the commercial and industrial sectors. The Gurugram-based startup focuses on solar rooftops, energy efficiency, and wastewater treatment, offering leasing and capex financing options. It also plans to collaborate with various operating and financial partners to develop and manage a high-quality portfolio on a platform.

ProsParity raises $2 Mn pre-seed round from BEENEXT, others

Entrackr

Entrackr · 1y ago

ProsParity raises $2 Mn pre-seed round from BEENEXT, others

Fintech startup ProsParity has raised $2 million in its pre-seed round from global institutional investors such as BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures. Angel investors like Dr Ashish Gupta (co-founder of Junglee and Helion Ventures), Raj Dugar (ex-Eight Roads Ventures), Dhyanesh Shah (co-founder of Mosaic Wellness), Abhishek Goyal (co-founder of Tracxn) and Nitin Kaushal (co-founder of Country Delight) also participated in this round. The funds will be used for building proof of concept, technology, and expanding origination networks, starting with central India. ProsParity is also building a comprehensive partnership network across original equipment manufacturers (OEMs), fleet operators, dealerships, and lenders. Founded by Saurabh Khodke and Anirudh Dhakar, ProsParity is an end-to-end electric mobility financing platform that focuses on compliance, scalability, and agility for lenders, while easing access to financing relationships for EV dealers and OEMs to enable financing for their end-customers. Through its proprietary platform and approach of origination, the firm aims to aggregate the demand for financing on a single platform for the lenders to channelize their capital in the emerging EV financing asset class.

Digital lending startup LoanTap raises pre-Series C round

VCCircle

VCCircle · 2m ago

Digital lending startup LoanTap raises pre-Series C round

Digital lending startup LoanTap, supported by venture capital firms like 3one4 Capital, has secured Rs 54 crore ($6.2 million) in a pre-Series C equity funding round. The Pune-based company aims to expand its supply chain financing for small retailers. CEO Satyam Kumar emphasizes leveraging the momentum in India's MSME sector to enhance invoice financing and empower MSMEs. Founded in 2016, LoanTap offers personal and MSME loans, reporting improved financial performance in recent years.

Suven Pharma mulls inorganic push for its core business

VCCircle

VCCircle · 1y ago

Suven Pharma mulls inorganic push for its core business

Suven Pharmaceuticals, owned by private equity firm Advent, is considering acquisitions in the technology sector to strengthen its contract development and manufacturing organization (CDMO) platform. The company, based in Hyderabad, is focused on pharmaceuticals and fine chemical intermediates. Suven Pharmaceuticals is currently evaluating potential deals with three to four companies in the oligo and peptide synthesis space. This move aligns with the company's strategy to enhance its core business through inorganic growth opportunities.

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