Forever Labs, a Ann Arbor, MI–based a longevity company company that banks young adult stem cells, secured $2m in funding.
Backers included Northwestern Mutual, Silicon Badia Ventures, Babel Ventures, Aaron Hirschhorn, Michael Dobryansky, Timothy Davis, Michael Schenden, among others.
The company intends to use the funds to continue developing its solutions and accelerate brand development.
Founded in 2015 by Steven Clausnitzer, CEO, and Mark Katakowski, PhD, President, Forever Labs is a longevity company preserving healthy stem cells for future therapies that combat age-related diseases, as well as aging itself. The proprietary procedure involves a certified physician collecting one’s mesenchymal stem cells (MSCs), which have the ability to stimulate tissues to grow and repair themselves when people need it most. After a simple, 15-minute outpatient procedure, the stem cells are cryogenically frozen and stored agnostically in an FDA-compliant clinical-grade biorepository until needed.