Metcela Inc. announces receipt of NEDO’s Hashiwatashi Grant for VCF-1 autologous cellular therapy targeting heart failure patients
Metcela Inc., a biotech startup specializing in fibroblast-based cell therapy, announced today that the New Energy and Industrial Technology Development Organization (NEDO) has awarded the company with the Hashiwatashi grant (up to 100 million yen) to support research and development activities for VCAM-1-positive Cardiac Fibroblast (VCF-1), leading up to initiation of a clinical trial for heart failure patients in Japan.
Metcela Raises 520 Million Yen in Series A Financing Round
With this financing, Metcela has now raised a total of 920 Million yen including the previous investments and grants
Metcela, a biotech startup specializing in fibroblast-based cell therapy for heart failure treatment, announced the successful closing of its 520 million yen ($4.6 million) Series A round. The round was led by Beyond Next Ventures, with additional participation from new investors, Eight Road Ventures Japan, F-Prime Capital Partners, Japan Lifeline Co., Ltd., Sony Innovation Fund, The Dai-ichi Life Insurance Company, Limited, and KSP Inc. With this financing, Metcela has raised a total sum of 920 million yen ($8.2 million), including previously raised investments and grants.