HomeFinTechStemson Therapeutics: Raises $15M in Series A Funding

Stemson Therapeutics: Raises $15M in Series A Funding

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Stemson Therapeutics Raises $15M in Series A Funding

  • Stemson Therapeutics, a San Diego, CA-based pre-clinical stage cell therapy company, closed a $15m Series A financing
  • The round was led by DCVC Bio with participation from Genoa Ventures, AbbVie Ventures and other investors
  • The company intends to use the funds to advance development of its proprietary therapeutic solution to cure hair loss
  • Stemson Therapeutics is a pre-clinical stage cell therapy company with a mission to cure hair loss by leveraging the regenerative power of Induced Pluripotent Stem Cell (iPSC)
  • The company uses iPSC to regenerate the critical cells required to grow hair and which are damaged or depleted in patients suffering from hair loss
  • The iPSC-derived cells are used to grow de novo hair follicles, offering a new supply of hair to treat people suffering from various forms of Alopecia
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