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Australian Biomedical Technology Incubator Proto Axiom raises $15M in Series A funding


Australian biomedical technology incubator Proto Axiom has on Monday announced a second round of financing of $5 million, after its initial raise of $10 million last September.


This is the biotechnology firm’s final close on its Series A terms, with new notable investors such as Melbourne-based Churchill Asset Management, Riverlane Capital, and Eucalyptus founder Benny Kleist, Proto Axiom said in a statement.


The firm has also announced that it has invested in University of Sydney spin-out EndoAxiom.



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