Tech Company Financing Transactions

Chondrial Therapeutics Funding Round

Chondrial Therapeutics, based in Bala Cynwyd, received $22.6 million from Deerfield Capital, Indiana University Foundation and private investors.

Transaction Overview

Announced On
2/7/2017
Transaction Type
Venture Equity
Amount
$22,600,000
Round
Series A
Investors

Deerfield Capital (Lead Investor) (William Slattery)

Indiana University Foundation

private investors (Carole Ben-Maimon)

Proceeds Purpose
Chondrial plans to use the proceeds from its Series A financing to advance the development of CTI-1601 and to enhance its executive and management team as the company seeks to build a pipeline of product candidates focused on the treatment of rare mitochondrial diseases.

Company Information

Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
150 Monument Rd. 207
Bala Cynwyd, PA 19004
USA
Email Address
Overview
Chondrial Therapeutics is an emerging biotechnology company focused on the treatment of rare mitochondrial diseases. Chondrial's lead compound is CTI-1601, which the Company is developing as a potential treatment for Friedreich's Ataxia.
Profile
Chondrial Therapeutics LinkedIn Company Profile
Social Media
Chondrial Therapeutics Company Twitter Account
Company News
Chondrial Therapeutics News
Facebook
Chondrial Therapeutics on Facebook
YouTube
Chondrial Therapeutics on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Carole Ben-Maimon
  Carole Ben-Maimon LinkedIn Profile  Carole Ben-Maimon Twitter Account  Carole Ben-Maimon News  Carole Ben-Maimon on Facebook
Chief Scientific Officer
Mark Payne
  Mark Payne LinkedIn Profile  Mark Payne Twitter Account  Mark Payne News  Mark Payne on Facebook
VP - Client Services
David Bettoun
  David Bettoun LinkedIn Profile  David Bettoun Twitter Account  David Bettoun News  David Bettoun on Facebook
VP - Operations
John Berman
  John Berman LinkedIn Profile  John Berman Twitter Account  John Berman News  John Berman on Facebook
VP - Regulatory Affairs
Jennifer Johansson
  Jennifer Johansson LinkedIn Profile  Jennifer Johansson Twitter Account  Jennifer Johansson News  Jennifer Johansson on Facebook


 

 

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Prev: 2/7/2017: Shelf Engine venture capital transaction
Next: 2/7/2017: Blooom venture capital transaction

 

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