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Home > Bill Gates-backed startup Nimbus Discovery closes $24M funding

Bill Gates-backed startup Nimbus Discovery closes $24M funding

Mass High Tech: The Journal of New England Technology

Nimbus Discovery LLC, a computational technology-based drug discovery firm in Cambridge, has closed a $24 million Series A funding round, co-led by Atlas Venture, SR One and Lilly Ventures. Microsoft Corp. founder Bill Gates returned to participate in funding as well.

The $24 million is expected to support Nimbus’ IRAK4 and ACC programs to treat inflammation, cancer and metabolic diseases, per a Nimbus news release.

SOURCE [1]

Source URL (retrieved on 05/19/2013 - 3:13am): http://www.mdtmag.com/news/2011/06/bill-gates-backed-startup-nimbus-discovery-closes-24m-funding?qt-recent_content=0

Links:
[1] http://www.masshightech.com/stories/2011/06/27/daily15-Bill-Gates-backed-startup-Nimbus-Discovery-closes-24M-funding.html