Tech Company Financing Transactions
Groove Biopharma Funding Round
Groove Biopharma, operating out of Seattle, secured $6 million in investment from Allegis Capital, Arch Venture Partners and OVP Venture Partners.
Transaction Overview
Company Name
Announced On
12/12/2011
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Series B
Investors
Versant Ventures (Brian Atwood)
WRF Capital (Thong Le)
Proceeds Purpose
The money is expected to run through the end of 2012, as Groove looks to select its lead drug candidates that it believes can make it through the final preclinical studies needed before the FDA will allow clinical trials to begin.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
1616 Eastlake Ave. East 202
Seattle, WA 98102
USA
Seattle, WA 98102
USA
Phone
Website
Email Address
Not Recorded
Overview
Network Solutions - Original domain name registration and reservation services with variety of internet-related business offerings. Quick, dependable and reliable.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
President
David McElligott
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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