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Merck venture arm leads $7.3M seed round into NZ biotech Precision Chroma

Merck's corporate venture arm has led a $7.3 million seed funding round into Precision Chroma, a New Zealand biotech startup. The investment gives the young company fresh capital to advance its biotech work and marks a notable early-stage bet by a major pharmaceutical company's investment arm in the New Zealand life sciences sector.

Why now: A major pharma company's venture arm backing a New Zealand biotech at seed stage is a notable cross-border startup funding deal.

MerckPrecision ChromaNew Zealand

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Evidence

• Merck venture arm leads $7.3M seed round into NZ biotech Precision Chroma · Dealroom

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