Deferred closing, CLIA registration received earlier than expected.
Hi Josb,
We are pleased to share with you a business update about OncoHost. The first closing of the current investment round in the amount of $22M will be completed on Thursday April 14th, with the participation of Alive VC, Partam HighTech, and OurCrowd. We were able to secure an additional allocation of up to $3M and the possibility to participate in a deferred closing at the end of June.
Since this investment opportunity was launched, OncoHost reports the following progress. The details in this email are based on information received from, and verified solely by, the company.
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Business Update:
Alive VC, the lead investor in this round, will invest $20M together with Menora Mivtachim, and Leumi partners.
OncoHost's lab received its CLIA registration earlier than expected. This is another significant step toward the commercialization planned for the beginning of Q3 2022.
OncoHost onboarded its first US employees including a Clinical Director and Lab Supervisor. In May, Daniel Delubac will join the company as OncoHost's new US President. He was previously the COO of a diagnostics services unicorn in the US.
OncoHost increased its clinical footprint with Roswell Park Comprehensive Cancer Center in Buffalo, NY, joining its multi-center clinical trial.
Investment Summary
Qualitative Description of Round: Series C Financing
If you would like to secure an allocation in this round, please click here or be in touch with your Investor Relations representative to confirm your allocation.
Best,
OurCrowd Investments
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