PhoreMost champions $15m series A

May 15, 2018 •

The Cambridge spinout has raised $15m in series A funding from investors including Cambridge Enterprise and Parkwalk Advisors.

Cambridge Enterprise, the tech transfer office of University of Cambridge, co-led an £11m ($15m) series A round today for its UK-based biopharmaceutical spinout PhoreMost.

The round was co-led by spinout-focused investment firm Parkwalk Advisors, Amadeus Capital Partners, Morningside Ventures and Jonathan Milner.

PhoreMost has created a platform called Siteseeker to develop treatments for diseases that are currently deemed undruggable.

The company has built a pipeline, signed two collaboration agreements with pharmaceutical firms and, in November 2017, established cancer immunotherapy spinout…

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