BioSapien extends pre-Series A to $8 million, onboards Globivest as investor
Founded in 2018 by Khatija Ali, BioSapien offers a flagship product, MediChip™, which is a drug delivery, 3D-printed, slow-release delivery platform attachable to any tissue with minimal systemic side effects.
The funding will support product development and global expansion, with 12 new executives hired across R&D, medical affairs, regulatory, and operations. Key appointments include Joseph Borrello as CTO and Sonia Ramamoorthy as Head of Medical Affairs.
Press release:
BioSapien, the pioneering biotech company behind MediChip™, a revolutionary localised cancer treatment platform, announces a new extension to its pre-Series A funding round and the appointment of new talent across the business, including Joseph Borrello, PhD, as Chief Technology Officer; Sonia Ramamoorthy MD MBA FACS as Head of Medical Affairs; Agnes Westelinck, PharmD, as Head of Regulatory U.S.; Dirk Richter MD FACS as Head of Regulatory U.A.E.; David Briere, PhD, as Director of Pharmacology; and Jerry Webb, BSc, as Head of Quality.
BioSapien is delighted to welcome Globivest as an investor in the pre-Series A funding round. Globivest is the first women-led, gender lens venture capital fund from the MENA region and has expertise in Life Sciences.
BioSapien's pre-Series A funding total is now over $8 million, with investors including Global Ventures – a leading VC firm in MENA; plus Golden Gate Ventures and Dara Holdings.
Globivest's stated mission is to break the myth that opposes capital returns to impact-driven models. Championing the WHO's 'One Health' approach, it specialises in innovative and scalable early-stage startups that drive health, social, and environmental change – making BioSapien an ideal fit for its portfolio.
BioSapien also announces the acquisition of world-class talent across all tiers of the company— with 12 new appointments. In addition to the appointments listed above, other new talent includes Zhiyu Xia PhD as Senior Manufacturing Engineer, Gaurav Vij MBA as Business Officer; Nancy Sperling MS MS as the QC Lead, Nivedita Sivakumar PharmD MS as Documentation and Compliance Manager, Manny Valenza BA as Clinical Development Associate and Jared Rice BA as the Research and Operations Lead.
Dr. Khatija Ali, CEO of BioSapien, said:
'Two of the greatest challenges for young, fast-growing companies are establishing a strong balance sheet and attracting high-quality talent. Therefore, I am delighted to announce an extension of BioSapien's pre-Series A funding round. As a female-led healthcare fund in the MENA region - and backed by EU pharma - we are proud to have Globivest as an investor and strategic partner.
'Similarly, it gives me great pleasure to welcome new, world-class colleagues across all tiers of the Company. A business is only as good as its people - so it is thrilling to be joined by such high-quality, diverse talent. Together, we will shape a future where precision medicine is both globally impactful and locally accessible.'
Dr. Laura-Joy Boulos, Partner at Globivest, commented:
'At Globivest, we back companies that don't just promise innovation – they deliver transformative, science-backed solutions with the power to shift paradigms. BioSapien's MediChip™ platform is a breakthrough in localised cancer treatment – scalable, precise, and deeply aligned with our One Health mission. We're proud to support Dr. Khatija Ali and her team as they build the future of accessible precision medicine.'
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