Life Sciences Financings and Commentary #9

Axial
5 min readMay 29, 2020

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Axial invests and partners in early-stage life sciences companies. If you or someone you know has a great idea or company in life sciences, Axial would be excited to get to know you and possibly invest in your vision and company — info@axialsprawl.com

Life Sciences Financings and Commentary #9 — May 23, 2020 — May 29, 2020

Financings

Number of deals: 20 & Total capital invested: $1.05B

- AbCellera raised $105M led by OrbiMed and DCVC Bio to continue to scale up their antibody discovery platform and build their internal pipeline of medicines.

- Apeel Sciences raised $250M led by GIC to commercialize their plant-based coverings to extend the shelf-life of specialty crops.

- Ascus Biosciences raised $46M led by Temasek to commercialize feedstock focused on animal microbiome health.

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