Storm makes $21.6m series A thunder

Jan 9, 2018 •

The Cambridge genomics spinout has secured $5.4m in additional series A funding from drug maker Taiho Pharmaceutical.

Storm Therapeutics, a UK-based genomics research spinout from University of Cambridge, secured £4m ($5.4m) in a series A extension yesterday from Taiho Ventures, the corporate venturing arm of drug maker Taiho Pharmaceutical.

Storm received an initial $16m series A tranche in June 2016 that included $4m each from commercialisation firm Touchstone Innovations and Cambridge Innovation Capital, a patient capital fund affiliated with the university.

Merck Ventures and Pfizer Venture Investments, respective strategic investment divisions of pharmaceutical firms Merck and Pfizer, also made $4m contributions…

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