Biotech company Zumutor Biologics has raised $6.2 million in Series A4 funding. The round was led by Accel, Bharat Innovation Fund (BIF), and new incoming deep tech investor, Siana Capital.
The company had earlier raised capital from Chiratae Ventures, Aarin Capital, and Karnataka Information Technology Venture Capital Fund (KITVEN). With this funding, the total capital raised by the company is over $26.2 million.
The team is in the process of filing an IND and getting into FIH( first in human) studies in the US by the middle of 2022, for this they intend to raise a larger (series B) round for completion of phase 1 studies and progress of assets in the pipe.
