Tech Company Financing Transactions
Leal Therapeutics Funding Round
On 8/17/2026, Leal Therapeutics raised $30 million in Series A funding from Alexandria Venture Investments, Dementia Discovery Fund and Eli Lilly and Company.
Transaction Overview
Company Name
Announced On
8/17/2026
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to advance LTX-001 through an initial readout of its Phase 1b/2a clinical trial in schizophrenia patients, as well as progress LTX-002 through additional dosing cohorts in an ongoing Phase 1/2 clinical trial in amyotrophic lateral sclerosis (ALS).
Company Information
Company Status
Private & Independent
Industry
Life Sciences
Mailing Address
Undisclosed
Worcester, MA Undisclosed
USA
Worcester, MA Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Developing novel therapeutics for patients with major disorders of the central nervous system.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Asa Abeliovich
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