Business · Companies · 9 hrs ago

German biotech SRTD raises €31.5 million for mRNA therapies

German biotech SRTD raises €31.5 million for mRNA therapies

German biotech company SRTD raised €31.5 million in seed funding to develop a new kind of mRNA medicine.

Based in Jülich near Aachen, the company is developing treatments that use mRNA to identify diseased cells and kill or reprogram them, while sparing healthy tissue.

Many existing treatments affect the whole body, so SRTD’s approach aims to make treatment more targeted and potentially safer, including for aggressive tumors.

The funding will support drug development for cancer, autoimmune diseases and fibrosis, and is one of Europe’s largest preclinical seed rounds.

Investors include Mérieux Equity Partners, which led the round, as well as Boehringer Ingelheim Venture Fund and Lilly Ventures.

SRTD plans to begin its first human trial in 2029; the company has not yet tested its treatment in people.

After the funding round, Matthias Alder became chief executive, and SRTD plans to expand its team.

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What people are saying

Kristin ThompsonDirector at Mérieux Equity Partners
SRTD opens up a completely new field that the market has not yet seen in the mRNA sector.
via Handelsblatt
mRNA is no longer just a medical issue, but also a question of how independently Europe is positioned in key areas.
via Handelsblatt
We are bringing additional top talent into the team to make this investment truly competitive not only for Germany, but for the entire global mRNA sector.
via Handelsblatt