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Finance Watch: October Begins With A VC Mega-Round For Newly Named Iambic

Early Capital Sources Emerge From 65LAB, Novo/Evotec, Age1

 
• By Mandy Jackson

Private Company Edition: Iambic, formerly known as Entos, closed a $100m series B venture capital round to advance its AI-discovered therapeutics. Also, Evozyne raised $81m and Acesion brought in €45m in series B rounds, while Mogrify added $10m to bring its series A to $46m.

Finance Watch Private Company
• Source: Shutterstock

Iambic Therapeutics is the latest biopharmaceutical company to raise a venture capital mega-round in support of an artificial intelligence-powered drug discovery platform and emerging clinical-stage development pipeline, announcing 3 October that it closed a $100m series B round. The company formerly known as Entos Inc. follows many peers with AI-powered discovery and development platforms that have raised big money in 2023.

San Diego-based Iambic – not to be confused with Entos Pharmaceuticals, Inc., a UK-based company that also has operations in San Diego but is developing next-generation genetic medicines –...

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