CN Bio Raises $21 Million USD in First Close of Series B Investment Round
CN Bio, a leading provider of single- and multi-organ microphysiological systems, today announced it has raised a $21 million investment in the first close of its Series B fundraising round.
- CN Bio, a leading provider of single- and multi-organ microphysiological systems, today announced it has raised a $21 million investment in the first close of its Series B fundraising round.
- The funding has been secured from several new investors; including $10 million from Bayland Capital, and $5.5 million from founding shareholder, CN Innovations Holdings Ltd.
- The investment will be used to accelerate the Company’s expanding product portfolio and to scale the business to support commercial expansion across key global markets.
- CN Bio has taken key steps to build a team with extensive industry expertise and robust networks across the industry, with a longstanding track record of success.