Seed extension · Biotech

Autoimmunity BioSolutions closes $1m seed extension

Eos BioInnovation and family-office investors back further preclinical work, bringing total seed capital to $3.1m.

Additional capital for animal and patient-sample studies

Eos BioInnovation anchored Autoimmunity BioSolutions’ $1m seed extension. Independent Capital and Elmstead Partners continued their support, and NewTech Investment Holdings joined as a new family-office investor.

The extension brings total seed capital to $3.1m. CEO Eugene Williams said the money would support animal-model work and analyses of patient biological samples in rheumatoid arthritis. These are development activities, rather than evidence of an established clinical treatment.

Funding history

Seed extension · This round$1M

Sources

  1. Autoimmunity BioSolutions financing announcementprnewswire.com