Gencell Ltd announced that it has received ILS 46.453554 million in funding from TDK Ventures, Inc., BNPP Asset Management Luxembourg and other investors

Gencell Ltd (TASE:GNCL) announced a private placement of 3,441,004 shares at a price of ILS 13.5 each for gross proceeds of $14,300,000 (ILS 46,453,554) in a round of funding led by new investor Parvest SICAV - Energy Innovators (FUND:), a fund managed by BNPP Asset Management Luxembourg for $8,000,000 (ILS 25,988,000) on April 29, 2021. The transaction included participation from returning investor TDK Ventures, Inc. and other international investors.