October 12, 2021, Ann Arbor, MI – Akadeum Life Sciences, Inc., today announced the closing of an oversubscribed $17.5 million Series B financing led by Arboretum Ventures. Investors in the round also included Beringea, Agilent Technologies (NYSE:A), Lifespan Ventures, BlueStone Venture Partners, Berkeley Catalyst Fund, Michigan Capital Network, Michigan Rise, The University of Michigan, and others. The Company also announced that Dan Kidle, Managing Partner at Arboretum Ventures, has joined the Akadeum board of directors.
Proceeds from the financing will be used to advance global commercialization for Akadeum’s proprietary microbubble-based separation platform with applications spanning life science research, including cell therapy and diagnostics. The company will also advance efforts to develop new business-to-business partnerships and expand R&D and new product development.
By using its proprietary microbubble-based technology to easily float target cells, nucleic acids and other biological targets to the top of a sample, Akadeum’s next-generation platform solves long-standing problems in separation processes, including volume and throughput restrictions, allowing for virtually any biological entity to be captured. Akadeum’s solutions exceed the performance, system cost, and scalability of current technologies.
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