Tech Company Financing Transactions
Evelo Biosciences Funding Round
Evelo Biosciences, based in West Cambridge, secured $50 million in investment from Alexandria Venture Investments, Celgene and Flagship Pioneering.
Transaction Overview
Company Name
Announced On
7/12/2017
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series B
Investors
Proceeds Purpose
Proceeds from the financing will be used to advance multiple monoclonal microbial product candidates into clinical studies in oncology and immunoinflammatory diseases in 2018 and to expand the company's product platform.
Company Information
Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
620 Memorial Dr. 200
West Cambridge, MA 02139
USA
West Cambridge, MA 02139
USA
Phone
Website
Email Address
Overview
Evelo Biosciences (Nasdaq: EVLO) is dedicated to improving the lives of patients globally through the development of a new modality of medicines -- monoclonal microbials. Monoclonal microbials are orally delivered medicines that modulate systemic immunology and biology through direct interactions with human cells in the gut.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Simba Gill
Chief Medical Officer
Duncan McHale
Chief Scientific Officer
Mark Bodmer
VP - Bus. Development
Kareem Reda
VP - Manufacturing
Chun Zhang
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