ACEA Biosciences Secures $30,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e851378c-1f86-4145-871c-d2e431ef7761
Date
11/10/2015
Company Name
ACEA Biosciences
Mailing Address
6779 Mesa Ridge Rd. San Diego, CA 92121 USA
Company Description
Founded in 2002, ACEA Biosciences, Inc. (ACEA) is a privately owned biotechnology company with headquarters in San Diego, California, and with world-class manufacturing operations in Hangzhou, China.
Website
http://www.aceabio.com
Transaction Type
Venture Equity
Transaction Amount
$30,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The new round financing provided by two premiere venture capital funds validates the rapid progress of our clinical pipeline, as well as our leading edge approach to drug discovery,’ stated Dr. Xiao Xu, President and CEO of ACEA.
M&A Terms
Venture Investor
Lilly Asia Ventures
Venture Investor
Qiming Ventures