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Avidia closes $28.5mm Series B round

Executive Summary

Avidia Inc. (protein therapeutics) raised $28.5mm through the sale of Series B preferred shares. Morgenthaler Ventures led the round and was joined by other new investors TPG Ventures, MedImmune Ventures, and Amgen Ventures, and returning backers Alloy Ventures, Maxygen (which created Avida in 2003 as a spin-off), Avidia scientific founder Willem Stemmer, and other individuals.
Deal Industry
  • Biotechnology
    • Large Molecule
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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