CoDa Therapeutics Closes B Round with $40 Million from Rusnano/ Domain-Led Syndicate

Wound healing company CoDa Therapeutics is the first Domain portfolio company to benefit from the venture capital firm’s new, $760 million partnership with Russian sovereign fund Rusnano

San Diego, CA-based wound healing company CoDa Therapeutics Inc. has become the first Domain Associates LLC portfolio company to benefit from the venture capital firm’s new partnership with Russian sovereign fund Rusnano. It is also the first biotech to agree to license, as part of the financing, Russia/CIS rights to its technology to a new Domain/Rusnano-backed Russian pharmaceutical company.

On July 24, the venture capital firm announced that it, along with current CoDa investors GBS Ventures and BioPacificVentures, and new investor Rusnano would commit nearly $40 million to CoDa,...

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