Tech Company Financing Transactions

Flare Therapeutics Funding Round

On 3/22/2023, Flare Therapeutics raised $123 million in Series B funding from GordonMD Global Investments, Pfizer Venture Investments and Agent Capital.

Transaction Overview

Company Name
Announced On
3/22/2023
Transaction Type
Venture Equity
Amount
$123,000,000
Round
Series B
Proceeds Purpose
The company intends to use the funds to support a planned clinical trial in 2023 for FX-909, a small molecule inhibitor targeting the PPARG transcription factor, in patients with advanced urothelial cancer, as well as the advancement of a pipeline of novel transcription factor targets in oncology, including nomination of at least one additional development candidate from the company's research pipeline in 2024.

Company Information

Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
215 First St 150
Cambridge, MA 02142
USA
Email Address
Overview
Flare is lighting up a new therapeutic space with an entirely different approach to decipher the biology of transcription factors to develop small molecule medicines. Based on insights from the seminal work of our scientific founders, Flare's team is leveraging the power of 'switch sites' as druggable regions that hold the control for predictable and profound changes in DNA transcription, and therefore, gene expression. Our drug discovery to target 'switch sites' has rapidly advanced, resulting in our pipeline of drug programs that address well-validated transcription factors, initially focused on precision oncology.
Profile
Flare Therapeutics LinkedIn Company Profile
Social Media
Flare Therapeutics Company Twitter Account
Company News
Flare Therapeutics News
Facebook
Flare Therapeutics on Facebook
YouTube
Flare Therapeutics on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Amit Rakhit
  Amit Rakhit LinkedIn Profile  Amit Rakhit Twitter Account  Amit Rakhit News  Amit Rakhit on Facebook
Chief Operating Officer
Daphne Karydas
  Daphne Karydas LinkedIn Profile  Daphne Karydas Twitter Account  Daphne Karydas News  Daphne Karydas on Facebook
Chief Scientific Officer
Robert Sims
  Robert Sims LinkedIn Profile  Robert Sims Twitter Account  Robert Sims News  Robert Sims on Facebook
Vice President
Jim Audia
  Jim Audia LinkedIn Profile  Jim Audia Twitter Account  Jim Audia News  Jim Audia on Facebook


 

 

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About Our Venture Capital Transactions Database

We report on all VC transactions involving tech companies. VC investment data records reported here are derived from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.

 


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