Tech Company Financing Transactions

AlgoTx Funding Round

AlgoTx closed a $21.2 million Series B funding round on 3/15/2023. Investors included Bpifrance, InnoBio Fund and OMNES Capital.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series B
Proceeds Purpose
The company intends to use the funds to accelerate its development efforts to demonstrate the clinical efficacy of ATX01 in neuropathic pain.

Company Information

Company Status
Private & Independent
Healthcare Services
Mailing Address
49 rue des Nouvelles
Suresnes, 92150
Email Address
At AlgoTx we develop novel solutions to relieve patients with difficult-to-treat « Complex Pain. We do so by prioritizing indications that have no proven and approved therapy, and tailoring treatment to the very specific needs of the affected patients. FDA aprouved ATX01's entry into Phase 2 in Chemotherapy-Induced Peripheral Neuropathy. In parallel, we are exploring its potential in a rare and painful disease, erythromelalgia. ATX01's topical administration enables the direct blockade of pain messaging in the nerve fibers of the skin, and limits the systemic side-effects potential associated with oral or intravenous drugs.
AlgoTx LinkedIn Company Profile
Social Media
AlgoTx Company Twitter Account
Company News
AlgoTx News
AlgoTx on Facebook
AlgoTx on YouTube

Management Team

Email & Social
Chief Executive Officer
Stéphane Thiroloix
  Stéphane Thiroloix LinkedIn Profile  Stéphane Thiroloix Twitter Account  Stéphane Thiroloix News  Stéphane Thiroloix on Facebook
Olivier Bohuon
  Olivier Bohuon LinkedIn Profile  Olivier Bohuon Twitter Account  Olivier Bohuon News  Olivier Bohuon on Facebook



Browse more venture capital transactions:

Prev: 3/15/2023: Intelligent Fluids venture capital transaction
Next: 3/15/2023: Payabli venture capital transaction


Share this article


Where The Data Comes From

We do our best to report on tech company VC transactions. VC investment data records reported here are derived from news reports and company announcements. The data is sourced from, an affiliated venture.


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities


Business Glossary