Syntis Bio, Inc., a clinical-stage biopharmaceutical company, announced the successful close of an oversubscribed $33 million Series A financing round. W. R. Berkley Corporation was identified as one of the founding investors in this significant funding initiative.
The financing round was led by Cerberus Ventures, with additional participation from new investors such as Mansueto Investments, Woori Venture Partners, and Apollo Labs. This investment supports Syntis Bio's efforts to accelerate the development of oral therapies for obesity, diabetes, and rare diseases.
W. R. Berkley's involvement as a founding investor demonstrates its strategic interest in supporting innovative companies and potentially diversifying its investment portfolio beyond traditional insurance-related assets. This move aligns with opportunistic investment strategies to generate returns.
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