Tech Company Financing Transactions
Zafgen Funding Round
Alta Partners, Brookside Capital and RA Capital participated in a $45 million Series E funding round for Zafgen. The funding round was announced on 12/4/2013.
Transaction Overview
Company Name
Announced On
12/4/2013
Transaction Type
Venture Equity
Amount
$45,000,000
Round
Series E
Investors
Proceeds Purpose
Proceeds from the financing will be used to support the continued development of beloranib, the Company's obesity therapeutic. Zafgen recently reported Phase 2 study results, which demonstrated that beloranib treatment led to significant weight loss and improvements in multiple cardiometabolic risk factors in 147 obese subjects.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
175 Portland St. 4th Floor
Boston, MA 02114
USA
Boston, MA 02114
USA
Phone
Website
Email Address
Overview
Zafgen (NASDAQ: ZFGN) is developing beloranib, a novel obesity therapy that demonstrates a unique mechanism of action, re-establishing balance to the ways the body produces and uses fat stored in adipose tissue.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jeffrey Hatfield
Chief Financial Officer
Patricia Allen
Chief Medical Officer
Dennis Kim
VP - Bus. Development
Brian McVeigh
VP - Bus. Development
James Vath
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