Nuritas to announce new fundraising drive

Recent accounts from the biotech company that counts Bono and the Edge of U2 among its investors show losses rose to €18.1 million by the end of 2020

Barry J Whyte

Chief Feature Writer @whytebarry
7th November, 2021
Nuritas to announce new fundraising drive
Dr Nora Khaldi, founder of Nuritas: the company has previously raised €26 million in investment from investors such as Chicago-based Cultivian Sandbox Ventures, Bono and The Edge from U2 and Marc Benioff of Salesforce, as well as Ali Partovi, a well known angel investor

Nuritas, an Irish biotech company founded by Dr Nora Khaldi and backed by U2 frontman Bono, will announce a new round of fundraising next week, the Business Post can reveal.

No details of the size or source of the investment have yet been disclosed, but the news comes after the company’s auditors stated in its most recently published financial accounts that there was a material uncertainty that might cast significant doubt on Nuritas’...

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