NewLimit, a biotech firm co-founded by Coinbase CEO Brian Armstrong, raised $130 million in a Series B funding round led by Kleiner Perkins, aiming to advance age-reversal therapies.
This funding highlights growing interest in longevity research, positioning NewLimit as a significant player in the biotech sector. Despite early success, human trials remain years away. Experts see potential benefits for health longevity.
NewLimit Raises $130 Million Led by Kleiner Perkins
NewLimit, founded by Coinbase CEO Brian Armstrong, has raised $130 million through a Series B funding round. This round, led by Kleiner Perkins, positions the company to advance its age-reversing therapies research.
Key investors include Khosla Ventures and others. NewLimit’s focus is on epigenetic reprogramming, which aims to restore youthful function to aged cells, highlighting its commitment to innovative biotech solutions.
$130M Funding Boosts Biotech Market Confidence
The substantial funding suggests increased investor confidence in NewLimit’s age-reversal therapies, potentially impacting the biotech market landscape. It draws attention to the potential for longer, healthier lives.
Experts anticipate regulatory hurdles and technological advancements in this emerging field. NewLimit’s progress may pave the way for innovations in age-related treatments, supported by robust funding and market interest.
Longevity Research Gains Momentum with NewLimit
NewLimit’s approach reflects a burgeoning interest in longevity research, similar to precedents in biotech investments. Companies like Calico and Unity Biotechnology have pursued similar goals with varying outcomes.
Experts from Kanalcoin suggest age-reversal therapies could lead to groundbreaking health improvements. Historical trends in biotech emphasize persistent innovation and investment in treatments that enhance human lifespan.
Brian Armstrong, Co-founder and CEO, NewLimit, “Fifty-six million people die every year from aging; in any other context, that would be the largest source of human tragedy.”
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