The Ganesha Lab accelerator, whose focus of action is biotechnology, closed a capital raising for 1.5 million dollars.
This operation, led by Markus Schreyer, founder of The Ganesha Lab (TGL) and the entity’s new venture partner, Antonio Gil-Nievas, was joined by current shareholders, Félix de Vicente; new investors such as Patricia Angelini’s family office, Amarena; and entrepreneurs and angel investors, such as Manuel Rozas from Kura Biotech.
They had contributions from The Ganesha Lab community shareholders and more than $1 million from new investors.
With this amount raised, they hope to continue investing in biotech startups, supporting them in their internationalization.
“We hope that at least 15 companies will benefit from the contributions of these funds,” said Markus Schreyer.
Schreyer explained that one of the points that makes it difficult to start a biotechnological venture is the need for a high initial investment, in addition to low access to laboratories and high-cost equipment outside of universities or research centers. Another relevant aspect, he added, is “the challenge of changing from a local mindset to a global one”.
Last June, the seven ventures of the seventh generation of The Ganesha Lab that are currently participating in the acceleration process were announced. This consists of mentorships and workshops that take place over three months, and then participate in a two-week virtual soft landing program, carried out in conjunction with the Cambridge Innovation Center Miami.
The participants will present their solutions to an international jury, which will select two startups that will access an IMV international market validation program for two months.
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