Bened Biomedical Completes $10M Series A, Set for Expansion into US Healthcare Market

Medical probiotic leader Bened Biomedical Co., Ltd., which develops and markets neuroactive probiotic products, announced a completed Series A round of fundraising, receiving more than $10 million of capital from two prominent investors, Trans-Pacific Technology Fund (TPTF) and JAFCO Asia.

With strategic support from these venture capital partners, Bened expects to rapidly expand its international business, including launching its own brand of products in the US. It will also use this influx of funds to push forward research of new microbial therapeutics and development of FDA-approved live biotherapeutic products (LBP).

Herb Lin, a managing partner at TPTF, first learned of Bened through his fund’s investment in Finch Therapeutics, a microbiome therapy company now listed on the NASDAQ. He found Bened an attractive investment and noted that its unique R&D capability, including its clinical studies and patent portfolio, placed the company at the forefront of the psychobiotic sector. This flourishing industry includes microbiome treatment for many neurological and psychiatric diseases, presenting enormous opportunities for unmet medical needs.