Novel Biotechnology Inc. Secures $2.5 Million in Seed Round Funding
Novel Biotechnology Inc., an innovative biotechnology start-up headquartered in Canada, is pleased to announce the successful completion of its $2.5 million seed round funding.
- Novel Biotechnology Inc., an innovative biotechnology start-up headquartered in Canada, is pleased to announce the successful completion of its $2.5 million seed round funding.
- Co-founded by CEO Pankaj Khanna and a team of accomplished serial entrepreneurs, Novel Biotechnology is on a mission to revolutionize the plasmid DNA market.
- The proceeds from the seed round will be utilized to expand Novel's existing plasmid services business and expedite its platform R&D initiatives.
- Congratulations, Novel Biotechnology.”
"Due to the strong growth within the pDNA market, Novel expects robust revenue growth and profitability by FY2025," said Konstantin Rodionov, CFO & Co-Founder of Novel Biotechnology.