VarmX–EU (govt): investment, 202502 follow-on equity investment €15m from existing investor EIC Fund

	Period	2025-02-25
	Predecessor	VarmX–EU (govt): investment, 202305 financing round Series B2 totalling €30m incl new + co-investor EIC Fund
	Money taker	VarmX B.V.
	Money source	EIC Fund (European Innovation Council Fund)
	Group	EU (govt)
	Product	VMX-C001 (VarmX)
	Product 2	venture capital
	Person	Hauser, Hermann (Amadeus Capital Partners 200906 Partner)

VarmX B.V.. (2/25/25). "Press Release: VarmX Awarded €15 Mln Follow-on Equity Investment by the EIC Accelerator". Leiden.

> Most competitive selection process so far since the launch of the Accelerator under Horizon Europe

> Follow-on funding reflects significant potential of VMX-C001 in bypassing FXa-DOAC-induced anticoagulation

VarmX, a biotech company developing innovative approaches for the bypass of direct oral anticoagulants targeting activated factor Xa (FXa DOACs) and inherited coagulation disorders, has been awarded a follow-on equity investment of €15 million from the European Innovation Council (EIC) Accelerator. The funds received from the investment will be used for the further development of its lead compound, VMX-C001.

VarmX has been selected by the European Innovation Council (EIC) for funding and is one of only five companies to receive follow-on equity investment through the EIC Fund, Europe’s largest deep-tech investor. This funding round was the most competitive since the launch of the EIC Accelerator under Horizon Europe. The EIC Accelerator provides startups and SMEs with financial support, including grants and equity investments, along with access to business acceleration services, expert mentoring, and investor networks.

VarmX’s selection followed a rigorous evaluation process by independent experts and an EIC jury. For more information, visit HERE

By 2030, approximately 25 million patients in the US and Europe will be treated with FXa DOACs for chronic anticoagulation therapy, including stroke prevention in atrial fibrillation and the prevention of deep vein thrombosis. Each week, around 25,000 of these patients experience severe life-threatening bleeding or require emergency surgery, where the risk of bleeding poses a critical challenge, which is the issue VarmX is looking to solve with its lead program.

VMX-C001 is a modified, human, factor X protein, designed to be insensitive to FXa DOACS, effectively bypassing their anticoagulant activity and swiftly restoring the coagulation cascade. The therapy is being developed to offer significant clinical advantages, including universal dosing regardless of the specific FXa DOAC used, rapid and easy administration, compatibility with commonly anticoagulants like heparin, and crucially, no additional thrombotic risk.

The EIC funding, together with funds from an ongoing Series C financing round, will accelerate the development of VMX-C001, advancing VarmX’s mission to deliver innovative therapies for anticoagulation bypassing and improve patient outcomes by addressing the critical need for safe and effective bleeding management.

John Glasspool, CEO of VarmX, said: “Receiving follow-on investment from the EIC is testament to the quality or our company and our development program, VMX-C001. The competition was especially fierce this year, which underlines the achievement by the team. As ever, we are grateful to the EIC for choosing us again for its support and appreciate their continued commitment to helping us accelerate the development of VMX-C001. We are proud to be working on a program which has the potential to benefit patients, physicians and healthcare systems.”

Notes to Editors

About VarmX

VarmX is a spin-off from the Leiden University Medical Center (LUMC), founded in 2016 by Professor Pieter Reitsma, a world leading expert in hemostasis and thrombosis. VarmX’s lead compound VMX-C001 is a modified recombinant blood factor X. The compound is being developed for the treatment of severe spontaneous bleeding and for the prevention of bleeding during urgent surgery in patients taking oral factor Xa inhibitors (FXa DOACs) as anticoagulation therapy. The Company is supported by a strong syndicate of investors including Sound Bioventures, EIC, EQT Life Sciences (formerly LSP), Inkef, Lundbeckfonden BioCapital, Ysios Capital, BioGeneration Ventures and InnovationQuarter. For more information, please visit www.varmx.com.

For further information, please contact:

Vigo Consulting (media enquiries)
Rozi Morris
+44 20 7390 0230
[email protected]