[Funding News] Mynvax Secures INR 21.63 Cr Funding Led by Inviga Healthcare Fund

Mynvax, a biotech business, has successfully completed an expanded Series A round led by Inviga Healthcare Fund, raising around Rs 21.63 crore ($2.6 million).

According to Mynvax's regulatory filing retrieved from RoC, the board approved a special resolution to issue 5,127 Series A1 CCPS at an issue price of Rs 42,182 per share in order to raise Rs 21.63 crore.

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Legacy Assets LLP contributed Rs 2 crore and Inviga Healthcare Fund invested Rs 15 crore. The remaining funds, albeit insignificantly, came from 27 additional investors.

Up to this point, Mynvax has funded between $9 and $10 million, including a $4.2 million Series A round led by Accel and including Lets Venture, 1Cword, Kotak Investments, and other investors.

The company has produced influenza shots as well as effective, thermotolerant vaccinations that guard against SARS-CoV-2 and its developing variations in recent years.

About Mynvax

Founded in 2017 by Dr. Gautham Nadig, Mynvax, a clinical-stage vaccine biotechnology company was founded with the singular vision of developing novel, improved, recombinant, thermostable vaccines to protect against respiratory viral infections.

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