Tech Company Financing Transactions

Galecto Funding Round

Eir Ventures, Soleus Capital and Asymmetry Capital Management participated in a $64 million funding round for Galecto. The funding round closed on 9/28/2020.

Transaction Overview

Company Name
Announced On
9/28/2020
Transaction Type
Venture Equity
Amount
$64,000,000
Round
Undisclosed
Proceeds Purpose
Galecto intends to use the funds to prepare for a potential conditional approval of GB0139 for the treatment of Idiopathic Pulmonary Fibrosis (IPF) in the European Union and to further expand and advance its clinical development pipeline.

Company Information

Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
Ole Maaloes Vej 3
Copenhagen, DK-2200
Denmark
Email Address
Overview
Galecto (Nasdaq: GLTO) is a clinical stage biotechnology company committed to the development of novel small molecule therapeutics directed at biological targets which are at the heart of fibrosis, inflammation, and cancer. Galecto was founded by leading fibrosis-focused scientists and biotech executives and is built on more than 10 years of research into galectin.
Profile
Galecto LinkedIn Company Profile
Social Media
Galecto Company Twitter Account
Company News
Galecto News
Facebook
Galecto on Facebook
YouTube
Galecto on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Hans Schambye
  Hans Schambye LinkedIn Profile  Hans Schambye Twitter Account  Hans Schambye News  Hans Schambye on Facebook
Chief Financial Officer
Jonathan Freve
  Jonathan Freve LinkedIn Profile  Jonathan Freve Twitter Account  Jonathan Freve News  Jonathan Freve on Facebook
Chief Marketing Officer
Bertil Lindmark
  Bertil Lindmark LinkedIn Profile  Bertil Lindmark Twitter Account  Bertil Lindmark News  Bertil Lindmark on Facebook
Chief Operating Officer
Anders Pedersen
  Anders Pedersen LinkedIn Profile  Anders Pedersen Twitter Account  Anders Pedersen News  Anders Pedersen on Facebook


 

 

Browse more venture capital transactions:

Prev: 9/28/2020: NeuroTherapia venture capital transaction
Next: 9/28/2020: GOAT venture capital transaction

 

Share this article

 


About Database of VC Transactions

We do our best to document funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary