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MelTec raises $16.5mm in seed funding

06 Dec 2000

Executive Summary

MelTec (immune disorders, cancer, arteriosclerosis), a spin-off of the Otto von-Guerieke University, Magdeburg's Molecular Pattern Recognition research group, has raised $16.5mm (DM38mm) in seed funding. Participants included Volksbank Magdeburg, the community task program of Saxony-Anhalt, the German Federal Ministry for Education, Science, Research, and Technology.
Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Drug Discovery Tools
      • Genomics-Proteomics
Deal Status
  • Final
Deal Type
  • Financing
    • Spin-Off
    • Venture Financing

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