Tech Company Financing Transactions

Ambit Biosciences Funding Round

On 6/10/2011, Ambit Biosciences secured $30 million in Series D funding from Applied Ventures, Forward Ventures and GeneChem.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series D
Proceeds Purpose
This recent capital raise will allow us to continue the clinical development of our lead product candidate, AC220, which is currently in a Phase 2 pivotal trial in Acute Myeloid Leukemia. This financing also provides for the continued development of our other two clinical assets, AC430 and AC480, both of which are in Phase 1 trials.

Company Information

Company Status
Acquired or Merged
Mailing Address
11080 Roselle St.
San Diego, CA 92121
Email Address
Ambit Biosciences is a biopharmaceutical company engaged in the discovery and development of small-molecule kinase inhibitors for the treatment of cancer.
Ambit Biosciences LinkedIn Company Profile
Social Media
Ambit Biosciences Company Twitter Account
Company News
Ambit Biosciences News
Ambit Biosciences on Facebook
Ambit Biosciences on YouTube

Management Team

Email & Social
Chief Executive Officer
Michael Martino
  Michael Martino LinkedIn Profile  Michael Martino Twitter Account  Michael Martino News  Michael Martino on Facebook
Chief Financial Officer
Alan Fuhrman
  Alan Fuhrman LinkedIn Profile  Alan Fuhrman Twitter Account  Alan Fuhrman News  Alan Fuhrman on Facebook
Chief Medical Officer
Athena Countouriotis
  Athena Countouriotis LinkedIn Profile  Athena Countouriotis Twitter Account  Athena Countouriotis News  Athena Countouriotis on Facebook



Browse more venture capital transactions:

Prev: 6/10/2011: Agile Energy venture capital transaction
Next: 6/10/2011: Intarcia Therapeutics venture capital transaction


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Our team works diligently to document all VC transactions involving tech companies. VC transactions reported here are sourced from a variety of public sources. The information comes to us via our partnership with, an affiliated venture.


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