Pexels.com/Chokniti Khongchum
Main page News, Cryptocurrency Exchanges, Coinbase

Biotech startup NewLimit, co-founded by Brian Armstrong and Blake Byers, has secured $40 million in Series A funding to boost its mission of extending human healthspan.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

In a blog post Tuesday, the firm said the funding was supported by Dimension, Founders Fund, Kleiner Perkins with participation from Eric Schmidt, Elad Gil, Garry Tan, and Fred Ehrsam. With the proceeds, NewLimit wants to continue researches, while remaining a "small focused team."

Why Biotech is the new IT and 4 stocks you shouldn't miss out on

NewLimit says it was established to cure aging by epigenetically reprogramming cells. However, the project believes it might also develop products, which could treat or prevent "many diseases associated with aging, including fibrosis, infectious disease, and neurodegenerative disease." It remains unclear, when NewLimit plans to present commercial products.

In 2021, Armstrong and Byers put a total of $105 million into the project.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.