Hevolution Foundation and Dolby Family Ventures join Vandria’s 2nd Series A closing

Bringing the total round to $30.7M (CHF 28.3M) to Progress the Mitophagy Inducer VNA-318 into CNS Clinical Development

22-Aug-2024

Vandria SA announced the second closing of its Series A financing bringing the final amount raised to date to $30.7M (CHF28.3M). Hevolution Foundation and Dolby Family Ventures joined the lead founding venture investor ND Capital. Vandria is developing first-in-class small molecule mitophagy inducers against a novel target to rejuvenate cells and treat age-related and chronic diseases.

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Hevolution Foundation is focused on investing in innovative science to support healthy aging. Dolby Family Ventures, in life sciences, invests in early-stage precision neuroscience and platform companies. In association with the financing, Jens Eckstein, Investment Partner at Hevolution Foundation, will join Vandria’s board of directors.

Since the first Series A close in December at $20.6M (CHF 18M), backed by ND Capital and a small syndicate of private investors, Vandria has made rapid progress. It has further developed its platform and portfolio, and advanced its lead program, VNA-318, a patent-protected, brain-penetrant, first-in-class mitophagy inducer. VNA-318 is on track to enter clinical trials in Europe in the coming weeks. The company has also expanded its team and moved to dedicated lab facilities at Superlab Suisse on the Biopôle Lausanne campus.
In addition to the equity financing, Vandria has secured CHF4.2M in prestigious non-dilutive funding: two Innosuisse grants to support VNA-318 and an Eurostars grant to support the generation of pre-clinical data for mitophagy drug candidates in Vandria’s muscle program.

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