Munich — Start-up NeraCare GmbH, a specialist in skin cancer risk assessment, has secured EUR 8 million in a Series A financing round. MIG Funds 10, 14 and 16, BayBG Bayerische Beteiligungsgesellschaft and Synvie GmbH participated in the financing round. LUTZ | ABEL as legal advisor to the investors MIG-Fonds and BayBG Bayerische Beteiligungsgesellschaft has the lead in this Series‑A financing round.
The round was led by MIG Fonds 10, 14 and 16 — other investors include BayBG Bayerische Beteiligungsgesellschaft and Synvie GmbH. NeraCare is active in the field of precision medicine against black skin cancer, defending its unique position. The start-up develops and markets gene expression tests to determine the risk of recurrence in malignant melanoma. With the help of such a melanoma diagnosis, doctors will be able to make a reliable prognosis in the future and make informed treatment decisions: Patients with low-risk tumors will thus be spared unnecessary drug therapies, while those patients with inconspicuous but higher-risk tumors and therefore more in need of treatment can be identified.
LUTZ | ABEL provided comprehensive advice on the financing round.
Dr. Bernhard Noreisch (VC/M&A, Munich) was the lead partner. The teams also included: Jan-Phillip Kunz (VC/M&A, Munich), Dr. Sebastian Sumalvico (VC/M&A, Munich), Carsten Huch-Hallwachs (IP, Munich) and Andreas Kössel (Labor Law, Munich). NeraCare GmbH was advised by Honert (Sven Fritsche, Kai-Clemens Wehlage), the founders were advised by CMS (Dr. Tilman Weichert) and the management by Dissmann Orth (Dr. Martin Lohse). The investor Synvie GmbH was advised by Pinsent Masons (Christian Lang).