Canadian biotechnology company Chinook Therapeutics, Inc. has landed $65 million in a Series A round of funding.

The financing was conducted by U.S. early and later-stage venture capital firm Versant Ventures.

Additionally, Apple Tree Partners and new investor, Samsara BioCapital, also participated in the funding round.

Chinook Therapeutics is planning to leverage the new capital to discover and develop precision medicines for kidney diseases.