Violet Therapeutics
Develops CNS therapeutics using proprietary cell-to-cell interaction discovery platform
Violet adds $4.75M to its seed for an EphB3 program built off the CONNECT cell-to-cell platform. Dementia Discovery Fund, UTEC, Ono, and MGB Ventures all re-up. Lifespan Vision Ventures leads.

A $4.75M seed extension is small, but the syndicate is signal. Dementia Discovery Fund, UTEC, Ono, and Mass General Brigham Ventures all re-up while Lifespan Vision Ventures comes in to lead. That tells you the existing backers still believe the EphB3 thesis after three years of preclinical work. The interesting question for the next round is whether CONNECT has surfaced a second target. A platform company that ships one program is a one-trick pony. A platform that ships three is a real platform. Watch for the second program disclosure.