NSG BioLabs raises US$14.5mil from Celadon Partners and Temasek's ClavystBio

By Digital News Asia May 7, 2024Announced a US$14.5 mil investment from Celadon Partners and ClayvstBio

It added that these achievements reaffirm the company’s strength and expertise in providing high-quality, well-managed, and turnkey Biosafety Level 2 certified laboratory and office spaces. Moreover, these milestones underscore NSG BioLabs as an ecosystem catalyst, providing value-add services and networks, which are important in driving scientific innovation and business growth.

“We are thankful for the recognition from our investors, Celadon Partners and ClavystBio, and look forward to further empowering our residents in their innovation efforts through expanded facilities, enhanced value-add offerings, and greater exposure to valuable industry networking and mentorship experiences,” Teo said.

To further its mission of supporting biotech innovators, NSG BioLabs stated, the fresh funds from Celadon Partners and ClavystBio, will be utilized to enhance its product and services and to introduce additional facilities to meet the growing demands of biotech startups and multinational companies in Singapore and Southeast Asia.

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