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Proto Axiom, a Sydney Biomedical Incubator, Raises $20 Million

publication date: Aug 14, 2024

Proto Axiom, an Australian biomedical incubator, announced a $20 million first close of a Series B round that is expected to raise $30 million eventually. Proto Axiom describes itself as a holistic enterprise that offers technical oversight, administrative support, future financing and hands-on research assistance. Its aims to develop Australian biopharma technology from its Sydney base. With the first closing of the Series B and the $15 million Series A, Proto Axiom has a valuation of $90 million. More details....

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