Cyclica raises $2.4 mln in Series A1 funding led by GreenSky

Toronto-based biotechnology startup Cyclica Inc has secured $2.4 million in a Series A1 financing. The round was led by Canadian boutique finance advisory firm GreenSky Capital via the GreenSky Accelerator Fund I LP. It was joined by new and existing investors, including China Canada Angel Alliance and the family of Anthony Griffiths. Founded in 2013, Cyclica is an in silico drug discovery company that offers a predictive analytics platform that helps develop better and safer drugs. It plans to use the funds raised to scale up its sales and marketing efforts and pursue continued product development.

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