Tech Company Financing Transactions

Ambit Biosciences Funding Round

Ambit Biosciences secured a $31 million Series C funding round on 5/12/2005. Investors included Avalon Ventures, Canadian Medical Discoveries Fund and Forward Ventures.

Transaction Overview

Company Name
Announced On
5/12/2005
Transaction Type
Venture Equity
Amount
$31,000,000
Round
Series C
Investors

Avalon Ventures (Kevin Kinsella)

Canadian Medical Discoveries Fund

Forward Ventures (Standish Fleming)

GeneChem (Elizabeth Douville)

GIMV

Perseus (Steven Elms)

Roche Venture Fund (Carole Nuechterlein)

Proceeds Purpose
This financing provides Ambit with the necessary resources to conduct clinical trials with our small molecule drug candidates for the treatment of CNS disorders and cancer.

Company Information

Company Status
Acquired or Merged
Industry
Biopharmaceutical
Mailing Address
11080 Roselle St.
San Diego, CA 92121
USA
Email Address
Overview
Ambit Biosciences is a biopharmaceutical company engaged in the discovery and development of small-molecule kinase inhibitors for the treatment of cancer.
Profile
Ambit Biosciences LinkedIn Company Profile
Social Media
Ambit Biosciences Company Twitter Account
Company News
Ambit Biosciences News
Facebook
Ambit Biosciences on Facebook
YouTube
Ambit Biosciences on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Michael Martino
  Michael Martino LinkedIn Profile  Michael Martino Twitter Account  Michael Martino News  Michael Martino on Facebook
Chief Financial Officer
Alan Fuhrman
  Alan Fuhrman LinkedIn Profile  Alan Fuhrman Twitter Account  Alan Fuhrman News  Alan Fuhrman on Facebook
Chief Medical Officer
Athena Countouriotis
  Athena Countouriotis LinkedIn Profile  Athena Countouriotis Twitter Account  Athena Countouriotis News  Athena Countouriotis on Facebook


 

 

Browse more venture capital transactions:

Prev: 5/11/2005: Centric Software venture capital transaction
Next: 5/12/2005: Spherics venture capital transaction

 

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About Our VC Transactions Data

Our team works diligently to document all VC transactions involving tech companies. VC transactions reported here are sourced from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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