Tech Company Financing Transactions
AstronauTx Funding Round
AstronauTx closed a $59 million Series A venture capital round on 10/9/2023. Backers included Novartis Venture Fund, Brandon Capital Partners and Bristol Myers Squibb.
Transaction Overview
Company Name
Announced On
10/9/2023
Transaction Type
Venture Equity
Amount
$59,008,000
Round
Series A
Investors
Novartis Venture Fund (Lead Investor)
Brandon Capital Partners (Jonathan Tobin)
Proceeds Purpose
The company intends to use the funds to advance its portfolio of small-molecule drugs including a clinical study in patients with Alzheimer's disease for its lead programme.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
12-18 Theobalds Road
London, England, WC1X 8SL
UK
London, England, WC1X 8SL
UK
Phone
Undisclosed
Website
Email Address
Overview
Pathological proteins such as ß-amyloid, tau and a-synuclein accumulate in neurodegenerative diseases. As these proteins build up they disrupt normal neurophysiology causing the symptoms of neurodegenerative diseases such as Alzheimer's and Parkinson's. The brain normally clears this toxic material and consolidates memories at night, enabling normal neuronal function by day. These protective processes are overwhelmed as neurodegeneration progresses. The resulting toxin build up and disrupted metabolic, synaptic and network function drives the increasing cognitive deficit in patients.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Scientific Officer
Jamie Bilsland
Co-Founder
Ruth McKernan
Co-Founder
David Reynolds
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We do our best to report on tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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