€20M Series A Launches Cancer Immunotherapy Biotech in Denmark

STipe Therapeutics was spun out from Aarhus University, Denmark, last year with a small grant, and has now completed its full launch with this Series A. The round was co-led by the Danish investor Novo Holdings and the UK VC firm Arix Bioscience. STipe will use the money to fund preclinical development of its first-in-class small molecule drugs for unspecified types of cancer.
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