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Ray Therapeutics Seed Round 2022

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Ray Therapeutics Seed Round

Ray Therapeutics Seed Round

2021Berkeley, California, USA

Ray Therapeutics

Profile section

About

Ray Therapeutics is a clinical-stage biopharmaceutical company focused on developing innovative therapies to restore vision for individuals suffering from severe retinal degenerations. Their approach aims to address unmet medical needs in ophthalmology.

Round details

Amount$6M

SeriesSeed Round

AnnouncedJan 4, 2022

Tags

BiotechnologyUSA

Round score

40/100

Mixed

A mixed round, some signals are off the norm.

Round size vs peers
Far above the typical Seed Round round (5.1× the median), an outlier.

Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.

vs. Seed Round rounds (57)

Round size distribution88th pct

smaller Seed Round roundslarger

vs. Biotechnology (190)

Round size in sector30th pct

$175Kthis round: $6M$160M

Ray Therapeutics Seed Round · $6M raised · (2022) | StartupHub.ai