SymBiosis launches indie venture firm

SymBiosis Capital Management has launched as an independent venture capital firm focused on advancing biotherapeutics innovations. Managing Partner Chidozie Ugwumba is leading SymBiosis. SymBiosis expects to initially deploy between $5 million and $15 million per investment, with the ability to scale up to over $30 million per investment across multiple financings.

PRESS RELEASE

BENTONVILLE, Ark.– SymBiosis Capital Management, LLC (“SymBiosis”) today announced its launch as a newly independent venture capital firm focused on advancing biotherapeutics innovations. Investing since 2019, SymBiosis has received significant, long-term capital commitments to actively support its current portfolio of more than 20 investments and fund future investments.

SymBiosis is led by Chidozie Ugwumba, Managing Partner, together with an experienced team of investment professionals with a track record of partnering with companies developing groundbreaking medicines. The growing SymBiosis team will continue to target opportunities across disease area, financing stage, and geography, with a focus on private companies with programs in, or about to enter, human trials. SymBiosis expects to initially deploy $5-$15 million per investment, with the ability to scale up to over $30 million per investment across multiple financings. The firm will continue to serve as both a lead and syndicate participant in financing rounds.

Mr. Ugwumba said, “SymBiosis begins its new chapter at an extraordinary time when innovation in biotechnology is accelerating. While humanity is still in the early stages of engineering biology, we expect the field will transform human life in the years to come, and ultimately define the twenty-first century. Supported by innovative long-term investors and entrepreneurial managers, applications in biology have great potential to treat—or better, cure—human disease. We are tremendously excited by the pipeline of innovations to come and the contributions that our current and future investments will make to human life.”

About SymBiosis Capital Management, LLC
SymBiosis Capital Management, LLC is a venture capital firm focused on advancing biotherapeutics innovations. Led by Chidozie Ugwumba, Managing Partner, together with an experienced team of professionals, SymBiosis invests across disease area, financing stage, and geography, with a focus on programs in, or about to enter, human trials. The firm currently manages a portfolio of more than 20 investments and has significant, long-term capital commitments to fund future investments. For more information, please visit https://symbiosis.vc/or follow us on LinkedIn.