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ARMO Bio Raises Series B Venture Capital

Thursday, May 29, 2014 5:30:00 AM PDT | VentureDeal

   Redwood City, California  --  ARMO BioSciences has raised $30 million in its second round of institutional venture capital funding.

ARMO is developing immunotherapies for the treatment of cancer, cardiovascular diseases, fibrosis and inflammation.

NanoDmiension led the round, which included previous investors Kleiner Perkins Caufield & Byers, OrbiMed Advisors and DAG Ventures.

The company said it would use the funding proceeds to complete expansion cohorts of its Phase 1 study of AM0010.

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