Magenta Therapeutics raised $48.5m in Series A venture capital to develop therapeutics that may improve hematopoietic stem cell transplants, increase curative outcomes and induce remission for patients with hematological malignancies, genetic bloods disorders and autoimmune diseases.
VC Roundup: Magenta Raises $48.5m To Improve Stem Cell Transplants
The Atlas and Third Rock-backed startup Magenta raised a $48.5m Series A round to develop drugs that improve three key steps in the stem cell transplant process. Turnstone, Glycomine and Syntimmune also brought in a combined $61.4m new funding during the first half of November.