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Venture Capital News: X-Therma Closes $13M Series A

RICHMOND, CA, X-Therma, a biotechnology company, has closed an oversubscribed $13M Series A funding round led by LOREA.
X-Therma, a biotechnology company developing breakthrough technology for regenerative medicine and organ preservation, has closed an oversubscribed $13M Series A funding round.

The financing is led by LOREA AG, an entrepreneur-operated investment firm, with participation from Zen11 Holdings, Graphene Ventures, VU Venture Partners, 2b AHEAD Ventures, Methuselah Foundation, Catalytic Impact Foundation, along with notable return angel investors.

X-Therma's technology, a nontoxic biopreservation platform enabled by biomimetic peptoid, is transforming global accessibility to organ transplantation, as well as enabling 'off-the-shelf' cell and gene therapy products and engineered tissues by providing safe & effective chemically defined cryopreservation that is DMSO-, serum-, and protein-free.
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