Cerevance steps up series B to $65m

Jul 22, 2020 • Callum Cyrus

The CNS disease therapy developer raised a further $20m, adding to a $45m close in April that included GV and Takeda Ventures.

US-based brain disease treatment developer Cerevance added $20m yesterday to increase a series B round featuring pharmaceutical firm Takeda and internet and technology group Alphabet to $65m.

UPMC Enterprises, the commercialisation arm of University of Pittsburgh Medical Center, provided the extra funding along with Dolby Family Ventures, Foresite Capital and Casdin Capital.

The April 2020 first close featured Alphabet subsidiary GV and Takeda investment vehicle Takeda Ventures in addition to Foresite Capital, Lightstone Ventures, Bill Gates and Dementia Discovery…

LEADERSHIP SOCIETY

Informing, connecting, and transforming the global corporate venture capital ecosystem.
The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.

Find out more

FUNDING ROUND DATA

Which corporates are backing which startups? Search our corporate deal database.

CVC DIRECTORY

Find details about global CVC units in the CVC Directory

SPECIAL REPORT

Finding a new path: How venture units guide corporations through transformational change

Events

GCV Institute: CVC Investment Programs

Jan 28 -
Jan 29, 2025
Online

Find out more All events

Events

GCV Institute: CVC Investment Programs

Mar 17 -
Mar 18, 2025
Palo Alto, CA (USA)

Find out more All events

Events

GCVI Summit 2025

Mar 18 -
Mar 20, 2025
Monterey, CA (USA)

Find out more All events

Events

GCV Institute: Landing the Value of Corporate Venturing

May 1 -
May 6, 2025
Online

Find out more All events

Events

GCV Symposium 2025

Jun 17 -
Jun 19, 2025
London (UK)

Find out more All events

About us

GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.