Biotech business raises $2.2m in first investment round
Rapidly growing biotech business, Aptamer Group, has closed its Series A investment round after attracting international interest, securing $2.2m of funding from overseas investors to support its aptamer development programme.
The company, based on York Science Park, is a key player in the global aptamer market, specialising in identification, development and characterisation of nucleic acid aptamers – a synthetic alternative to antibodies – which are fast becoming alternatives to traditional antibody approaches – replacing or filling the current gap in the antibody market.
The funding will enable the expansion of firm, creating 10 new positions in technical, sales and administration roles to support its continuous growth.
Aptamer Group was founded in 2008 by chief executive, Dr Arron Tolley, and chief technical officer, Dr David Bunka, who lead the now 16-strong team serving a global customer base of more than 50 organisations and has several of the top ten global Pharma companies as its customer base. The business operates four separate companies under the Aptamer Group umbrella and has recently added an office in Boston (United States) where the aptamer market is growing rapidly.
Dr Tolley said: “Aptamer technology is rapidly evolving and will have a significant effect on the life sciences market in the coming years due to our ability to rapidly discover aptamers – combined with advantages in the manufacturing process such as the stability of aptamers, the cost of manufacturing and the reproducibility of results when compared to antibodies.
“The investment will allow us to drive forward our pre-clinical discovery programmes involving the development of aptamer drug conjugates (ApDCs) which are set to become a revolutionary approach to targeted drug delivery.”
The funding round was supported by Netherlands-based biopharmaceutical investment company, Meneldor – founded by Dutch entrepreneurs Frans van Dalen and Paul Lelieveld.
Meneldor said: “We believe that aptamer technology represents a paradigm shift in drug delivery methodology. We have invested in Aptamer Group Ltd due to their progressive approach and unique technology platform, which can select aptamers significantly better and faster with the superior binding properties.
“We believe that this will lead to the development of new medicines and represents an exciting investment opportunity.”
