Tech Company Financing Transactions

Imara Funding Round

Imara closed a $31 million Series A funding round on 4/15/2016. Investors included Alexandria Venture Investments, Bay City Capital and Lundbeckfond Ventures.

Transaction Overview

Company Name
Announced On
4/15/2016
Transaction Type
Venture Equity
Amount
$31,000,000
Round
Series A
Investors

Alexandria Venture Investments

Bay City Capital

Lundbeckfond Ventures

New Enterprise Associates

Pfizer Venture Investments

Proceeds Purpose
The funds will allow Imara to develop IMR-687, a disease-modifying therapeutic discovered by H. Lundbeck A/S and selected specifically for the treatment of sickle cell disease and other hemoglobinopathies. Lundbeck granted Imara an exclusive worldwide license and will receive certain milestone payments and royalties on sales as well as minority ownership in Imara.

Company Information

Company Status
Publicly-held
Industry
Energy & Battery
Mailing Address
700 Technology Sq. 3rd Floor
Cambridge, CA 02139
USA
Website
Email Address
Not Recorded
Overview
Imara Corporation's (formerly Lion Cells) mission is to provide superior energy storage solutions and accelerate the adoption of alternative U.S.- based green energy sources.
Profile
Imara LinkedIn Company Profile
Social Media
Imara Company Twitter Account
Company News
Imara News
Facebook
Imara on Facebook
YouTube
Imara on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Rahul Ballal
  Rahul Ballal LinkedIn Profile  Rahul Ballal Twitter Account  Rahul Ballal News  Rahul Ballal on Facebook


 

 

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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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