01/13/2020
Aspect Biosystems, a Canadian biotech startup co-founded and led by an Egyptian entrepreneur, raises $20 million Series A
Vancouver-based biotech startup Aspect Biosystems that is co-founded and led by an Egyptian-Canadian entrepreneur Tamer Mohamed has raised $20 million (CAD 26 million) in a Series A round, it announced today. The round according to the statement was led by Radical Ventures with participation from existing and new investors, including Pangaea Ventures, Pallasite Ventures, and Rhino Ventures.
Endure Capital, the regional VC that has offices in Cairo and Palo Alto, that was one of the early backers of Careem, had participated in Aspect Biosystems’ previous funding rounds in 2016 and 2017. Endure Capital was, in fact, the first investor in the company.
Founded in 2013 by Tamer Mohamed, Konrad Walus, Sam Wadsworth, and Simon Beyer, Aspect Biosystems has pioneered a platform that uses microfluidics and 3d bioprinting to create living, human tissues with “unprecedented control, flexibility, and precision” for medical research, therapeutic discovery, and regenerative medicine products. The tissues, Aspect Biosystems, says are created with unprecedented control, flexibility, and precision.