{"id":5075,"date":"2023-05-11T12:34:03","date_gmt":"2023-05-11T12:34:03","guid":{"rendered":"https:\/\/founderlodge.com\/latest-news\/?p=5075"},"modified":"2023-05-11T12:34:04","modified_gmt":"2023-05-11T12:34:04","slug":"ascend-gene-cell-therapies-raises-132-5-million-in-series-a-funding-round","status":"publish","type":"post","link":"https:\/\/founderlodge.com\/latest-news\/ascend-gene-cell-therapies-raises-132-5-million-in-series-a-funding-round\/","title":{"rendered":"Ascend Gene &amp; Cell Therapies Raises $132.5 Million in Series A Funding Round."},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"64\" height=\"64\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/image-131.png\" alt=\"\" class=\"wp-image-5076\" \/><\/figure>\n\n\n\n<p>London, United Kingdom \u2013 May 11, 2023 \u2013 <a href=\"https:\/\/www.ascend-gctx.com\/\">Ascend Gene &amp; Cell Therapies<\/a>, a biotechnology research company specializing in providing manufacturing capacity for gene and cell therapy developers, today announced the successful completion of its Series A funding round, raising $132.5 million.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"437\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/image-132-1024x437.png\" alt=\"\" class=\"wp-image-5077\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/image-132-1024x437.png 1024w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/image-132-300x128.png 300w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/image-132-768x327.png 768w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/image-132-1536x655.png 1536w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/image-132.png 1590w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The funding round was led by <a href=\"https:\/\/www.digitalisventures.com\/\">Digitalis Ventures<\/a>, <a href=\"https:\/\/www.abingworth.com\/\">Abingworth<\/a>, <a href=\"https:\/\/health.cathaycapital.com\/\">Cathay Health<\/a>, <a href=\"https:\/\/monograph.bio\/\">Monograph Capital<\/a>, <a href=\"https:\/\/www.dcvc.com\/\">DCVC Bio<\/a>, <a href=\"https:\/\/deerfield.com\/\">Deerfield Management<\/a>, <a href=\"https:\/\/petrichorcap.com\/\">Petrichor Healthcare Capital Management<\/a>, and <a href=\"https:\/\/www.4biocapital.com\/\">4BIO Capital<\/a>. The investment will be used to expand the company\u2019s manufacturing and analytical capabilities and to develop its clinical manufacturing and regulatory support services.<\/p>\n\n\n\n<p>Founded by Mike Stella, Ascend Gene &amp; Cell Therapies provides flexible chemistry, manufacturing, and controls (CMC) services to biotech companies working in advanced modalities. The company\u2019s team of approximately 120 cross-functional experts in the UK, Germany, and the United States is dedicated to creating the most effective, highest-quality, and scalable gene therapies possible.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"519\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/image-133-1024x519.png\" alt=\"\" class=\"wp-image-5078\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/image-133-1024x519.png 1024w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/image-133-300x152.png 300w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/image-133-768x390.png 768w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/image-133-1536x779.png 1536w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/image-133.png 1579w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u201cWe are delighted to have secured this funding round, which will allow us to continue to develop our manufacturing and analytical capabilities and expand our clinical manufacturing and regulatory support services,\u201d said <a href=\"https:\/\/www.linkedin.com\/in\/mike-stella-b7b5184\/\">Mike Stella<\/a>, Founder of Ascend Gene &amp; Cell Therapies. \u201cOur mission is to provide quality manufacturing capacity for any gene and cell therapy developer, and this investment will help us to achieve our goal of creating the most effective and highest-quality gene therapies possible.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>London, United Kingdom \u2013 May 11, 2023 \u2013 Ascend Gene &amp; Cell Therapies, a biotechnology research company specializing in providing manufacturing capacity for gene and cell therapy developers, today announced the successful completion of its Series A funding round, raising $132.5 million. The funding round was led by Digitalis Ventures, Abingworth, Cathay Health, Monograph Capital, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.2.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ascend Gene &amp; Cell Therapies Raises $132.5 Million in Series A Funding Round. - Founder Lodge Latest News<\/title>\n<meta name=\"description\" content=\"London, United Kingdom \u2013 May 11, 2023 \u2013 Ascend Gene &amp; Cell Therapies, a biotechnology research company specializing in providing manufacturing\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/founderlodge.com\/latest-news\/ascend-gene-cell-therapies-raises-132-5-million-in-series-a-funding-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ascend Gene &amp; Cell Therapies Raises $132.5 Million in Series A Funding Round. - Founder Lodge Latest News\" \/>\n<meta property=\"og:description\" content=\"London, United Kingdom \u2013 May 11, 2023 \u2013 Ascend Gene &amp; Cell Therapies, a biotechnology research company specializing in providing manufacturing\" \/>\n<meta property=\"og:url\" content=\"https:\/\/founderlodge.com\/latest-news\/ascend-gene-cell-therapies-raises-132-5-million-in-series-a-funding-round\/\" \/>\n<meta property=\"og:site_name\" content=\"Founder Lodge Latest News\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-11T12:34:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-11T12:34:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/05\/image-134.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1605\" \/>\n\t<meta property=\"og:image:height\" content=\"513\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"ucheezuma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ucheezuma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/founderlodge.com\/latest-news\/ascend-gene-cell-therapies-raises-132-5-million-in-series-a-funding-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/founderlodge.com\/latest-news\/ascend-gene-cell-therapies-raises-132-5-million-in-series-a-funding-round\/\"},\"author\":{\"name\":\"ucheezuma\",\"@id\":\"https:\/\/founderlodge.com\/latest-news\/#\/schema\/person\/2854d3c2f2bb3f7ff9ae13c649048af3\"},\"headline\":\"Ascend Gene &amp; 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