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Oculis closes CHF20mm Series B round; adds CHF15.5mm
10 Jan 2019
Oculis raised CHF20mm ($20.3mm) through its Series B financing to new backers Bay City Capital, Novartis Venture Fund, and Pivotal bioVenture Partners and returning shareholders Brunnur Ventures and Silfurberg. The company will use the funds for ongoing development of its lead compound OC118, which is in Phase IIb for diabetic macular edema. Proceeds will also be used to develop OC118 for other indications and for development of additional candidates that incorporate the firm's solubilizing nanoparticle (SNP) technology. Representatives from Bay City Capital, Novartis Venture Fund, Pivotal bioVenture, and Brunnur Ventures will take board seats.
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