Connected Newsletter Connected newsletter: Nuritas raises $42m as more companies use secondary transactions to avoid IPOs
Founded and led by Dr Nora Khaldi, the company is prepping new peptides - molecules in food and food byproducts - for release in 2025. Talking of the NDRC, a previously unpublished study conducted on behalf of the Department of Communications, reveals that the value of companies that participated in the accelerator doubled in the second year of its operation under the consortium led by Dogpatch Labs.
As if that weren’t enough, Enterprise Ireland is investing €3.5 million in 18 “high potential” start-ups in the new year, across two separate incubator programmes. Is this a sneaky replacement for the NDRC? It has the same annual budget, and shares other similarities too. Here’s a great read on how tech companies that include Stripe are able to avoid going public due to secondary transactions.