Hevolution Foundation and Dolby Family Ventures join ND Capital as additional institutional investors bringing Series A funding to a total of $30.7M (CHF28.3M)
Vandria's lead CNS compound VNA-318 is a mitophagy inducer about to enter clinical development with a unique dual mode of action of immediate improvement of cognitive function paired with long-term disease-modifying effects
Series A runway now extends through a dose-finding first-in-man Phase 1 study and the initiation of three parallel Phase 1b / 2a efficacy studies planned for 2025
Mitophagy platform has additional potential in CNS indications including cognitive impairment, Alzheimer's and Parkinson's disease, and other forms of dementia with a wider portfolio of programs addressing other age-related and chronic diseases of muscle, lung and liver
LAUSANNE, Switzerland, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Vandria SA, a company at the vanguard of mitochondrial therapeutics developing first-in-class small molecule mitophagy inducers, today announced the second closing of its Series A financing bringing the final amount raised to date to $30.7M (CHF28.3M). Hevolution Foundation and Dolby Family Ventures joined the lead founding venture investor ND Capital.
Vandria is developing first-in-class small molecule mitophagy inducers against a novel target to rejuvenate cells and treat age-related and chronic diseases.
Hevolution Foundation is focused on investing in innovative science to support healthy aging. Dolby Family Ventures, in life sciences, invests in early-stage precision neuroscience and platform companies. In association with the financing, Jens Eckstein, Investment Partner at Hevolution Foundation, will join Vandria's board of directors.
Jens Eckstein, Investment Partner, Hevolution Foundation, said, "We are excited by the potential of mitophagy as a new therapeutic approach with strong disease-modifying effects for an aging world population that faces cognitive impairment, Alzheimer's and Parkinson's disease. Vandria's pipeline offers even wider potential to address other age-related and chronic diseases of the muscle, lung and liver. This investment aligns with our mission to fund innovations that help catalyse the shift from lifespan to healthspan so that everyone can live healthier lives for longer."
Sourav Kole, Managing Director, Dolby Family Ventures, said, "Given the association of mitophagy to neurodegeneration and other disorders and Vandria's robust preclinical dataset in showing neuroprotective effects and the ...
