Newleos Therapeutics has officially launched with an oversubscribed Series A financing round, raising $93.5 million to develop innovative treatments for neuropsychiatric disorders. The funding was supported by notable investors, including Andreessen Horowitz, Lux Capital, and Point72 Ventures. The company aims to advance a portfolio of experimental central nervous system (CNS) drugs that originated from Roche. This initiative highlights a growing interest in the neuropsychiatry sector, as venture capital continues to flow into startups focusing on mental health and related therapies.
Newleos secures $93.5m for neuropsychiatric treatments https://t.co/ebOAzweT7U #OODA
In BioCentury's latest Venture Report: Longwood founds Newleos to advance neuropsychiatry assets from Roche; VCs back DeepMind veterans at Latent Labs; more crossover cash for Abcuro; and more https://t.co/stNOw1TJb7
Start-up Newleos emerges with $93.5m raised and a series of experimental CNS drugs from Roche. https://t.co/Rzov3w2mCx