DMC raises $10.3 million Series A equity financing led by Sofinnova Partners

In Colorado, DMC, an early-stage biotechnology company, announced that is has raised a $10.3 million Series A equity financing led by Sofinnova Partners. The company also announced the addition to its Board of Directors of Josko Bobanovic, Partner and Manager of the Sofinnova Industrial Biotech Fund. Current investors Capricorn Venture Partners and Breakthrough Energy Ventures also participated in the fundraise. This funding builds on the company’s successful non-dilutive awards to date which exceed $1.8M from the National Science Foundation, the US Department of Energy, and the US Department of Agriculture.