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Granza Bio Secures $7M to Revolutionize Cancer Treatment Delivery

Granza Bio swiftly secured a $7.14 million seed round led by Felicis Ventures and Refactor Capital
July 4, 2024

Ashwin Nandakumar and Ashwin Jainarayanan, once strangers at adjacent departments in Oxford pursuing separate paths in oncology and immunology, found themselves united by a shared curiosity and a pivotal dataset on prostate cancer. Their chance meeting led to a collaboration under the guidance of Professor Michael Dustin, where they uncovered a groundbreaking facet of the immune system.

Rather than pursue traditional paths in big pharmaceutical firms post-graduation, Nandakumar and Jainarayanan embarked on a bold entrepreneurial journey. Inspired by Dustin's pioneering research, they co-founded Granza Bio, a biotech startup aimed at revolutionizing immunotherapy delivery methods.

Their innovative approach quickly caught the attention of investors. What started as a modest fundraising goal of $2.5 million escalated into a $7.14 million seed round within days, propelled by strong investor interest and confidence in Granza's transformative potential.

Announcing their latest milestone, Granza Bio secured $7.14 million in seed funding led by Felicis and Refactor, with participation from Y Combinator. This investment underscores Felicis' commitment to advancing novel biotech solutions, particularly those leveraging the body's immune system for treating cancers and autoimmune diseases.

Tobi Coker of Felicis highlighted the uniqueness of Granza's research from Dustin's lab, emphasizing its broad applicability across oncology and autoimmune therapies. With a track record of backing transformative technologies, Felicis sees Granza Bio as a promising player in the evolving landscape of biotechnology.

Investors like Felicis are betting on Granza Bio's innovative cargo delivery system to drive the development of future drug therapies, positioning the startup as a frontrunner in biotech innovation.

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