Nano raises $90m pre-IPO funding round to accelerate growth

Nano raises $90m pre-IPO funding round to accelerate growth

Published: 15-03-2021 15:13:00 | By: Pie Kamau | hits: 3028 | Tags:

Nano Cures (Nano), a clinical stage biotechnology and infectious disease immunity platform company, announced a $90 million pre-IPO funding round. The investment will be led by a $20 million commitment from Opulence Capital Management, a Dubai based private investment fund, with existing and new investors participating.

The investment will accelerate the global scale up of Nano's Cures Platform for Covid-19 variants, including vaccines and persistent immunity delivery.   Nano's novel self-administered technology moves delivery beyond syringes and shots, to an array of nasal, dermal, ophthalmic, sub-lingual, and oral options. Nano will open up its Cures Platform to other pharmaceutical companies and their vaccines, providing dynamic new ways to conquer the pandemic and deliver billions of doses directly to those in need.  

Steve Papermaster, CEO, Nano: "As Covid-19 has made abundantly clear, a 21st century technology-enabled approach is needed that refreshes how we proactively solve public health challenges and threats. The opportunity to do so is likely the largest value creation opportunity in the world today. The Nano Cures Platform for Covid-19 variants is the solution. The rollout of the Nano Cures Platform will help to heal the world from the current devastating Covid-19 pandemic, and shield the world from future pandemics, epidemics, and unnecessary death from infectious diseases."

Nano is accelerating plans to bring its Cures Platform for Covid-19 (and variants) to emerging regions such as GCC, Southeast AsiaLatin America and Central/Southern Europe. The breakthroughs in disruptive delivery methods beyond shots will be a gamechanger for improving access and vaccine delivery to people of all regions.

Alexander Vanderhey, Chairman, Opulence Capital Management: "We are proud to support and partner with Nano as they bring this Cures Platform to market. We believe they are delivering a highly unique set of proactive health and safety solutions to address the current global pandemic, as well as safeguard against the next one. With this investment, we are envisioning a safer, healthier future for the world."

Salman Khan, Board Director, Opulence Capital Management: "GCC countries, especially the United Arab Emirates, have already shown that they are more than capable of acting effectively to contain the health and economic impacts of the pandemic within their own borders better than most developed nations, their aggressive approach towards managing the pandemic and maintaining essential services by frequently communicating with the public and keeping all citizens and residents informed clearly paves a way forward for us to initiate immediate set up of Nano in the UAE and other GCC countries to further support the MENA region."

Furthermore, Nano is developing universal pan coronavirus vaccines and therapeutics for annual protection against known and emerging coronaviruses, which will be critical to successfully avoiding future global and regional public health and economic threats.