Tech Company Financing Transactions
Alltrna Funding Round
Alltrna closed a $109 million Series B funding round on 8/9/2023. Investors included Flagship Pioneering.
Transaction Overview
Company Name
Announced On
8/9/2023
Transaction Type
Venture Equity
Amount
$109,000,000
Round
Series B
Investors
Flagship Pioneering (Michelle Werner)
Proceeds Purpose
The company intends to use the funds to advance its platform and first drug candidates towards the clinic for a first indication in Stop Codon Disease. Stop Codon Disease encompasses thousands of rare and common diseases that stem from premature termination codons (PTC) also called nonsense mutations, where the code for an amino acid has been mutated into a premature "stop" codon. This results in a truncated or shortened protein product with no or altered biological activity that causes disease. Approximately 10% of all people with a genetic disease have Stop Codon Disease, representing approximately 30 million people worldwide.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
Undisclosed
Cambridge, MA 02114
USA
Cambridge, MA 02114
USA
Phone
Undisclosed
Website
Email Address
Overview
Alltrna unlocks tRNA biology to correct disease. The company's platform incorporates AI/ML tools to learn the tRNA language and deliver diverse programmable molecules with broad therapeutic potential. Alltrna has an unprecedented opportunity to advance a single tRNA medicine to unify treatment across a wide range of diseases with the same underlying genetic mutation.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Lovisa Afzelius
Co-Founder
Theonie Anastassiadis
Vice President
William Kiesman
Vice President
Nikolai Naryshkin
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We 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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