Freya Raises $38 M to Advance Women's Reproductive Immunotherapies

Trans-Atlantic biotech company specializing in women’s health, Freya Biosciences, has raised $38 million Series A financing. It is touted to be one of the largest rounds of funding towards improving women’s reproductive immunotherapies. The round of funding was led by Sofinnova Partners and OMX Ventures. It also included the Export and Investment Fund of Denmark, Angelini Ventures, Mike Jafar Family Office, CE-Ventures, Corundum Systems Biology, and Indaco Venture Partners.

Speaking about the funding Colleen Acosta, CEO of Freya Biosciences said, “We are very excited to announce Freya’s Series A fundraise, with the support of this dedicated team of investors.” “Conditions that disproportionately and differently affect women have traditionally been underfunded in proportion to its burden on human health. Freya’s initial focus is on the millions of couples around the world that are struggling with infertility. This funding enables us to advance our groundbreaking immunotherapy platform targeting the vaginal microbiota and unlock its therapeutic potential in this area and beyond,” she added.

Going forward Freya will focus on the clinical development of its lead drug candidate, an investigational vaginal microbial immunotherapeutic, for the treatment of infertility in women with dysbiotic vaginal microbiota who are undergoing assisted reproductive technology (ART). The funding will also be used to improve Freya’s multi-omics data science platform.

“Freya’s team of experts are uniquely positioned to shape a more comprehensive understanding of women’s health and disease to advance innovative solutions and novel treatment paradigms and we are confident in their success,” said Henrijette Richter, Managing Partner at Sofinnova Partners. “We look forward to supporting Freya as they continue to advance microbial immunotherapies to address reproductive health issues for which there are no treatments available.”

“OMX is proud to support Freya’s mission in women’s health and excited for Freya’s promising initial clinical results,” said Nick Haft, CEO of OMX Ventures. “We invest in trailblazing companies and Freya’s platform using microbial immunotherapies, supported by recent positive topline clinical results, has the potential to address a range of health conditions that uniquely affect women.”