# Meliora Therapeutics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/meliora-therapeutics

- Industry: Biotechnology
- Headquarters: Sacramento, US
- Website: www.melioratherapeutics.com
- Total disclosed funding: $11M
- Latest round: Seed (Sep 29, 2022)
- Investors on record: 8

## About

Based in California, US, and founded in 2021 by CEO David Li, Jason Sheltzer, and Joan Smith, Meliora Therapeutics, Inc., a.k.a. Meliora Therapeutics is a biotech company that focuses on creating the next generation of mechanism-focused oncology drugs by bringing together modern molecular fingerprinting, machine learning, and biology. In September 2022, Meliora Therapeutics, Inc. raised USD 11 million in seed funding co-led by HOF Capital and ZhenFund, with participation from Axial VC, BrightEdge Ventures, Obvious Ventures, Olive Capital, Pebblebed, and Village Global.

The company has developed AnchorOmics, a computational platform that enables researchers to develop a precise understanding of a drug’s true mechanism of action (MOA) based on data and not guesswork. Meliora Therapeutics has also developed molecular fingerprints for tens of thousands of compounds to build an inference engine that identifies risk-adjusted small molecule compounds and target mechanism of action (MOA) pairs. The platform can be leveraged as a proprietary prediction engine to identify the true MOA of molecules of interest

Meliora Therapeutics plans to use its proceeds from the September 2022 funding to expand its platform, including building a proprietary data moat and selecting mischaracterized scaffolds as strong starting points for its lead precision therapeutic programs, as well as expand the team, operations, and build industry partnerships.

## Funding rounds

- Seed, Sep 29, 2022, $11M — Olive Capital, ZhenFund, Obvious, HOF Capital, Village Global, BrightEdge Ventures, Axial VC, Pebblebed

## Investors

- Olive Capital — Seed
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Seed
- Obvious (https://capitalatlas.ai/funds/obvious) — Seed
- HOF Capital (https://capitalatlas.ai/funds/hof-capital) — Seed
- Village Global (https://capitalatlas.ai/funds/village-global) — Seed
- BrightEdge Ventures (https://capitalatlas.ai/funds/brightedge-ventures) — Seed
- Axial VC (https://capitalatlas.ai/funds/axial-vc) — Seed
- Pebblebed (https://capitalatlas.ai/funds/pebblebed) — Seed