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Emvena
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- 1Penn-BioNTech $50M fund backs first startup Emvena▼$50M Penn-BioNTech fund backs first startup, Emvena
A $50 million fund created by the University of Pennsylvania and BioNTech has made its first investment, backing the startup Emvena. The fund is designed to support early-stage life sciences ventures emerging from Penn research, and Emvena marks its debut deal. Details on Emvena's technology and funding amount have not yet been widely reported.