Tech Company Financing Transactions

Aerovance Funding Round

On 5/4/2006, Aerovance raised $60 million in Series C funding from Alta Partners, Clarus and Apax Partners.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series C

Alta Partners (Lead Investor) (Farah Champsi)

Clarus (Lead Investor) (Nicholas Galakatos)

Apax Partners

Burrill & Company

Lehman Brothers Venture Partners

NGN Capital

Proceeds Purpose
With this financing, the company, which was spun out of Bayer Pharmaceutical Corp. in 2004, will have sufficient capital to advance two of its lead products through definitive clinical proof of concept.

Company Information

Company Status
Out of Business
Mailing Address
2929 7th St. 120
Berkeley, CA 94710
Email Address
Aerovance is a privately held biopharmaceutical company exclusively focused on developing and commercializing biotherapeutics.
Aerovance LinkedIn Company Profile
Social Media
Aerovance Company Twitter Account
Company News
Aerovance News
Aerovance on Facebook
Aerovance on YouTube

Management Team

Email & Social
Chief Executive Officer
Mark Perry
  Mark Perry LinkedIn Profile  Mark Perry Twitter Account  Mark Perry News  Mark Perry on Facebook
Chief Medical Officer
Tunde Otulana
  Tunde Otulana LinkedIn Profile  Tunde Otulana Twitter Account  Tunde Otulana News  Tunde Otulana on Facebook
Chief Technical Officer
Robert Kuhn
  Robert Kuhn LinkedIn Profile  Robert Kuhn Twitter Account  Robert Kuhn News  Robert Kuhn on Facebook
Executive Vice President
David Happel
  David Happel LinkedIn Profile  David Happel Twitter Account  David Happel News  David Happel on Facebook



Browse more venture capital transactions:

Prev: 5/4/2006: Innovectra venture capital transaction
Next: 5/5/2006: DotPhoto venture capital transaction


Share this article


About Our Venture Capital Transactions Database

Our team works diligently to record tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with, an affiliated venture.


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities


Business Glossary