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Verastem Raises $32M In VC Funding

Boston-based Verastem has raised $32 million through a Series B venture capital financing.

    Boston-basedVerastemhas raised $32 million through a Series B venture capital financing. The investment was led byAdvanced Technology VenturesandAstellas Venture Management.

    Existing investorsLongwood Founders Fund,Bessemer Venture Partners,Cardinal PartnersandMPM Capitalalso participated. The biopharmaceutical company intends to use the proceeds to support ongoing research and development.

    Click here for the release fromBusiness Wire.

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