Ecrins Therapeutics, the company we interviewed last week, has successfully finished its first crowdfunding fundraiser, reaching €535k on WiSEED’s platform. The capital will allow the company to launch the large-scale chemical synthesis and regulatory toxicology studies, essential groundwork for the start of clinical Phase I/IIa. A second fundraise is already programmed in 2016 to finance these clinical studies.
WiSEED is a pioneer platform of equity crowdfunding that allows individuals to invest in technology start-ups, particularly in the biotech and medtech fields. So far, the platform has financed eight companies already. We exclusively interviewed Dr. Louise Chopinet, Health and Development Manager at WiSEED, about Écrins fundraising and the platform.
Dr. Chopinet, who has a Ph.D. in biophysics applied to gene vectorization, stated: “We are pleased to have participated in the capital increase of this young company and to contribute to the development of its flagship product, ET-D5. Subscriptions are from many individuals, who, beyond the financial interest, the investment was in line with their personal commitment to contribute to the fight against cancer”.