✉news BusinessStartups first seen 2 d ago, last 2 d ago, peak #19
Penn-BioNTech $50M fund backs first startup Emvena
Original: $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.
Why now: The first deployment of a high-profile university-industry biotech fund draws attention to which startup it chose to back.
University of PennsylvaniaBioNTechEmvena
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