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Onconano Medicine Raises ~$50 Million In Series B Financing

PRIVATEJun 17, 2021

Amount Raised

$50 Million

Round Type

Series B

SouthlakeBiotechnologyHealth CareMedicalTherapeutics

Description

OncoNano Medicine, Inc. today announced the raise of an approximate $50 million Series B financing led by the healthcare investment team at Advantech Capital, a China-based cross border institutional investment fund. Proceeds of the financing will be used, in part, to support the Phase 3 clinical trials in the U.S. and Europe for pegsitacianine, an innovative real-time imaging agent used in intraoperative surgical resection of solid tumors, and accelerate the advancement of the company’s first therapeutic development program, ONM-501, a novel immune-therapeutic formulated with the company’s core delivery technology.

Quick answer

OncoNano Medicine raised $50 Million in a Series B round, dated June 17, 2021. OncoNano Medicine is based in Southlake, Texas, United States.

How much did OncoNano Medicine raise?
OncoNano Medicine raised $50 Million in a Series B round on June 17, 2021.
What does OncoNano Medicine do?
OncoNano is harnessing the power of nanotechnology to unlock a new era of targeted therapeutics.
Where is OncoNano Medicine based and how big is it?
OncoNano Medicine is based in Southlake, Texas, United States. Fundz records about 23 employees.
Who are the decision-makers at OncoNano Medicine?
Fundz holds 1 contact at OncoNano Medicine, including the Executive Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Medical and Therapeutics around the same time

Companies in the same sectors as OncoNano Medicine that raised within 45 days of this round, from Fundz verified event records.

  • Pulse Biosciences, Inc. raised $50M on July 9, 2021.
  • Immunome Inc. raised an undisclosed amount (Grant) on May 20, 2021.
  • MAIA Biotechnology raised $8M (Funding Round) on May 19, 2021.
  • Immunome Inc. raised $27M on May 11, 2021.
  • Edwards Lifesciences raised $100K (Pre-Seed) on July 27, 2021.
  • Sanara MedTech raised $500K (Seed) on July 27, 2021.

Who to call at OncoNano Medicine, and when

A new round usually means OncoNano Medicine is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

OncoNano Medicine

Location

3060 Pegasus Park Drive

Southlake, Texas, United States

About

OncoNano is harnessing the power of nanotechnology to unlock a new era of targeted therapeutics. Our ON-BOARD™ polymeric micelle platform exploits the highly acidic tumor microenvironment, a byproduct of cancer metabolism, to precisely deliver therapeutic payloads directly to the tumor site. OncoNano’s product candidates are designed to improve the pharmacokinetic and pharmacodynamic properties of various payloads from small molecules to large biologics through encapsulation and localized tumor targeting.

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Related People

1 contact
Verified contactsMatthew H., Executive OfficerSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

OncoNano Medicine raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.