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Home » Topics » Private » Series C

Series C
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Illustration of tau accumulating in a neuron cell.

Asceneuron raises $100M for OGA inhibitor work in Alzheimer’s

July 16, 2024
By Nuala Moran
Asceneuron SA has raised $100 million in an oversubscribed series C to take its lead small molecule, ASN-51, into phase II, with aim of demonstrating it prevents the formation of tau tangles and slows the progression of Alzheimer’s disease.
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UroActive implant male

Uromems raises $47M for smart automated artificial urinary sphincter

June 27, 2024
By Shani Alexander
Uromems SAS raised $47 million in a series C financing round for its Uroactive system, the first smart automated artificial urinary sphincter device to treat stress urinary incontinence. With the funds the company will be able to “tackle the last stage of our clinical trials before commercial launch,” Hamid Lamraoui, CEO and co-founder of Uromems, told BioWorld.
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Endogenex-Recet-5-31.jpg

Endogenex raises $88M for Recet trial in T2D

June 25, 2024
By Annette Boyle
Endogenex Inc. closed an oversubscribed $88 million series C financing round to support completion of its investigational device exemption trial for the Recet system. The Recet system uses non-thermal pulsed electric fields to remodel the duodenal tissue to treat adults with type 2 diabetes.
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3D illustration of cancer in crosshairs
Immuno-oncology

Bright Peak Therapeutics raises funding to advance PD-1/IL-18 immunoconjugate into clinic

June 11, 2024
Bright Peak Therapeutics Inc. has raised $90 million in a series C financing. Proceeds will be used to accelerate a pipeline of next-generation immunotherapies and advance BPT-567 into a phase I/IIa trial.
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Hand holding money plant

Flying high with $182M, Bluejay Therapeutics advances BJT-778

May 9, 2024
By Karen Carey
Three years ago when Keting Chu pondered the name for a new biopharma company that would fold in infectious disease assets from Novartis AG, she looked out over her West Coast backyard. “I was looking for a name that made you think of California,” she told BioWorld. She nixed the idea of incorporating redwood trees into the name, but then she saw the blue jays flying around those trees and thought, “that’s a beautiful bird.” Hence, Chu founded and became CEO of Bluejay Therapeutics Inc., first raising $20 million through a series A in June 2021 and a $41 million series B in August 2022. On May 9, the San Mateo, Calif.-based company closed a $182 million series C round, with plans to accelerate development of lead compound BJT-778 to treat chronic hepatitis D virus, a condition for which there are no approved therapeutics in the U.S.
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Memo boosts series C to CHF45M as BKV infection trial expands

May 7, 2024
By Nuala Moran
Memo Therapeutics AG has added a further CHF20 million (US$22 million) to its series C, bringing the total for the round to CHF45 million and enabling the company to expand the phase II trial of its lead program, AntiBKV, in neutralizing BK virus infection in immune compromised kidney transplant recipients.
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Antibodies

Obexelimab’s one-two punch in IgG4 hooks $200M for Zenas

May 7, 2024
By Randy Osborne
The bifunctional antibody approach continues to pay off for Zenas Biopharma Inc., which banked an upsized $200 million series C preferred stock financing led by SR One along with NEA, Norwest Venture Partners and Delos Capital. Enavate Sciences and Longitude Capital participated significantly as well.
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$182M for Sionna’s ‘new standard of care’ in cystic fibrosis

March 6, 2024
By Randy Osborne
Sionna Therapeutics Inc.’s approach with small molecules in cystic fibrosis (CF) yielded the Boston-based firm an upsized and oversubscribed $182 million series C financing. The company is working on drugs that could fully restore the function of the CF transmembrane conductance regulator protein by stabilizing the first nucleotide-binding domain (NBD1). Four compounds are expected to enter the clinic this year – three NBD1 stabilizers and one ICL4 modulator.
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NLRP3 inflammasome

Halia closes a $30M series C to develop inflammasome inhibitors

Jan. 31, 2024
By Lee Landenberger
Halia Therapeutics Inc. has, its CEO confidently asserts, taken an atypical road to building its infrastructure and financing. The Lehi, Utah-based company just completed a $30 million series C financing to further develop its lead asset, a selective and orally bioavailable first-in-class NLRP3/NEK7 inflammasome inhibitor.
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Illustration of enzyme wrapped around double helix
Cancer

Accent closes series C financing to advance cancer programs

Jan. 26, 2024
Accent Therapeutics Inc. has completed a $75 million series C financing to support progression of its lead programs through early clinical development.
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