Finance Watch: Adcendo Pursues Proof-Of-Concept With $135m Series B Round

Jupiter Raises $70m To Launch Start-Ups

Private Company Edition: The Danish ADC developer, after extending its series A twice, raised a series B to take multiple programs into the clinic. Also, Neurelis sold its Neffy royalties for $208m, Enveda closed a $130m series C round and C Ray’s series A+ financing raised $100m-plus.

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Antibody-drug conjugate (ADC) developer Adcendo has been busy during the last year and a half since the company raised a €31m ($32.3m) extension of the €51m ($53.2m) series A it originally raised in 2021. And in the company’s latest announcement, Adcendo more than doubled its money with a $135m series B round on 25 November.

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