Series A of 77.7 million euros shows faith in Augustine

24 March 2025

Augustine Therapeutics, a Belgian biotech developing therapies for neuromuscular, neurodegenerative and cardio-metabolic diseases through the inhibition of the cytosolic Histone DeACetylase 6 (HDAC6) enzyme, has successfully completed its Series A financing round.

A total of 77.7 million euros ($84.8 million) was raised during the round.

The oversubscribed financing was co-led by Novo Holdings and Jeito Capital, supported by existing investors Asabys Partners, which led an initial 17.5 million euros closing in 2024, Eli Lilly (NYSE: LLY), AdBio partners, V-Bio Ventures, PMV, VIB, Gemma Frisius Fund, the USA-based Charcot-Marie-Tooth (CMT) Research Foundation and Newton Biocapital.

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