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bit.bio raises $25M Series D as demand for its human cell models grows

Cambridge biotech bit.bio has raised $25m from M&G and Abcam founder Jonathan Milner to bring more lab-grown human cell types to market.

By TNW | Investors-funding

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·Excerpt
bit.bio raises $25M Series D as demand for its human cell models grows
Image: Emma Pepperell CEO and Connie O’Donnell Director Marketing (from left).

Cambridge-based biotech company bit.bio has raised $25M in a Series D round, ten months after securing its previous investment.

The company announced the new funding on Wednesday, with backing from existing investor M&G Investments and Dr Jonathan Milner, founder and former chief executive of research tools company Abcam.

bit.bio did not disclose a lead investor or its valuation…

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