Funding

Antiverse funding news – Cardiff-based Antiverse Raises €4.2 Million in Seed Funding

Oct 15, 2024 | By Startup Rise EU

Antiverse, a techbio company designing antibodies for challenging targets, raises €4.2 million in seed funding. This latest investment brings the company’s total equity financing to €8.6 million, marking a significant step in its mission to revolutionize antibody design using generative AI technology.

Antiverse, a techbio company designing antibodies for challenging targets, raises €4.2 million in seed funding. This latest investment brings the company’s total equity financing to €8.6 million, marking a significant step in its mission to revolutionize antibody design using generative AI technology.

SUMMARY

  • Antiverse, a techbio company designing antibodies for challenging targets, raises €4.2 million in seed funding.
  • Gladia is on a mission to help companies leverage cutting-edge AI and retrieve actionable insights from audio data.

The round was led by i&i Biotech Fund I (i&i Bio) and Kadmos Capital, with contributions from existing investors such as InnoSpark Ventures, UKI2S (managed by Future Planet Capital), Tensor Ventures, and AngelHub. This funding will accelerate Antiverse’s development of its AI-driven antibody platform, expand its laboratory and machine learning teams, and drive internal assets targeting G-protein-coupled receptors (GPCRs) and ion channels toward clinical trials.

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It’s unique platform leverages machine learning to design antibodies for challenging drug targets, including GPCRs and ion channels, which are notoriously difficult to address. The company’s approach uses ‘target-specific libraries’ that rely on structural and sequence data to generate highly accurate predictions. This enables faster and more precise antibody discovery, reducing the process to just six months.

Murat Tunaboylu, Co-Founder and CEO of Antiverse said, “A third of all FDA-approved drugs target GPCRs, yet, despite decades of research and billions of funding, only a few GPCR-targeting antibodies exist. Thanks to the support of our investors, we are one step closer to making GPCRs and other challenging targets druggable, bringing needed therapies to patients across the globe,”.

Jaromir Zahradka, CEO of i&i Bio, expressed his excitement about the partnership, stating, “Antiverse has made significant progress in the field of antibody design. Antiverse’s mission to make GPCRs druggable focuses on a key issue and we are pleased to be supporting them.”

John Gebeily, Operating Partner at Kadmos Capital, added: “Antiverse’s AI-driven antibody design platform demonstrates significant potential in advancing the development of novel antibody therapeutics, particularly for complex drug targets. We’re excited to support Murat and his team.”

With the fresh infusion of capital and strategic expansion, Antiverse is well-positioned to continue its mission of designing the next generation of antibody therapies, transforming how challenging diseases are treated globally.

About Antiverse

Antiverse is a Welsh techbio company specialising in antibody design for challenging drug targets, such as GPCRs and ion channels. They exist to create new enabling technologies that bring new therapies to patients to change lives.

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