Leads $58 Million Series A Investment Round For VelosBio

Arix Bioscience

01/10/2018 07:20

Oct 1 (Reuters) - Arix Bioscience PLC  ARIX.L :
    * LEADS $58 MILLION SERIES A INVESTMENT ROUND FOR VELOSBIO
    * AS PART OF FINANCING, ARIX HAS COMMITTED TO INVEST $11
MILLION
(£8.4 MILLION) FOR AN 11.2% STAKE ON A FULLY DILUTED BASIS IN
VELOSBIO
    * ARIX INVESTMENT DIRECTOR, MARK CHIN, WILL JOIN VELOSBIO
BOARD OF
DIRECTORS
    * FINANCING IN VELOSBIO WAS CO-LED BY NEW INVESTORS ARIX &
SOFINNOVA VENTURES & INCLUDED PAPPAS VENTURES & CHIESI VENTURES
    * FINANCING IN VELOSBIO WAS ALSO CO-LED BY EXISTING
INVESTORS
TAKEDA VENTURES, INC AND DECHENG CAPITAL

Source text for Eikon:  ID:nPrevN68Ba 
Further company coverage:  ARIX.L 

 ((Reuters.Briefs@thomsonreuters.com;))