Funding round
Valink Therapeutics Seed
Valink Therapeutics, which works in oncology therapeutics research and development in London, raised $7.8M in a Seed round announced on 16 Nov 2023, led by RV Invest. 8 firms took part.
$7.8M
Amount raised
Not disclosed
Post-money valuation
8
Investors
1 lead
Valuation
What this round says about the price
Valink Therapeutics did not disclose a valuation in this round. It is Valink Therapeutics' first venture round on record, 2 years after it was founded in 2021. No later venture round is on record for Valink Therapeutics.
Valink Therapeutics' funding rounds
This is the only venture round on record for Valink Therapeutics.
- Seed this round 16 Nov 2023, led by RV Invest $7.8M
Investors
Who put money in
RV Invest led the round with 7 other firms.
Lead investor
- backs 7 venture-backed companies new investor
Also in the round
- Hoxton Ventures backs 50 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- backs 48 venture-backed companies new investor
- Acequia Capital new investor
- backs 2 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- Innovate UK new investor
Joined the board: Alex Lugovskoy and Jose Munoz-Olaya.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
68 Seed rounds in Pharmaceutical Products within a year either side disclosed an amount; the median was $3.3M, and this round was 2.4 times the median. The closest in time, other companies' Seed rounds in Pharmaceutical Products:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Pharmaceutical Products | 2 Nov 2023 | $13M | not disclosed | Thuja Capital and Seroba Lifesciences |
| Pharmaceutical Products | 22 Nov 2023 | $4.6M | not disclosed | not named |
| Pharmaceutical Products | 1 Nov 2023 | $2.5M | not disclosed | not named |
| Pharmaceutical Products | 27 Oct 2023 | $11M | not disclosed | not named |
| Pharmaceutical Products | 25 Oct 2023 | $10M | not disclosed | Beta Lab |
| Pharmaceutical Products | 14 Dec 2023 | $5.5M | not disclosed | Biological Engineering Ventures |
| Pharmaceutical Products | 5 Dec 2023 | $3.0M | not disclosed | LongeVC and SeedFolio |
| Pharmaceutical Products | 31 Dec 2023 | $1.8M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Valink Therapeutics raise in its Seed round?
Valink Therapeutics raised $7.8M in its Seed round, announced in Nov 2023.
Who led Valink Therapeutics' Seed round?
RV Invest led it, with Hoxton Ventures, SynBioVen, Metaplanet, Acequia Capital and Magnet Ventures and 2 more.
What was Valink Therapeutics' valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Pharmaceutical Products?
68 Seed rounds in Pharmaceutical Products within a year either side disclosed an amount; the median was $3.3M, and this round was 2.4 times the median.