Tech Company Financing Transactions
DelSiTech Funding Round
DelSiTech, based in Turku, received $10.9 million in funding from DRW Venture Capital, Tolmar and private investors.
Transaction Overview
Company Name
Announced On
1/16/2024
Transaction Type
Venture Equity
Amount
$10,873,000
Round
Undisclosed
Investors
DRW Venture Capital (Lead Investor)
Tolmar (Lead Investor)
Proceeds Purpose
The company intends to use the funds to further scale operations and advance its in-house, silica-based, drug delivery technology platform into clinical development, as well as expanding its in-house manufacturing capability to support the development programs of multiple partners.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
Itäinen Pitkäkatu 4 C
Turku, 20520
Finland
Turku, 20520
Finland
Phone
Website
Email Address
Not Recorded
Overview
DelSiTech is an innovative drug delivery and development company that works with its partners to turn their active agents into novel and commercially attractive therapeutic drug products. DelSiTech provides the technology and expertise for solving drug delivery problems. The company's technology is based on amorphous silica (SiO2) matrix and sol-gel encapsulation technique which have significant competitive advantages over other technologies.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Lasse Leino
Chief Financial Officer
Kristian Rantala
Chief Medical Officer
Sakari Karhuvaara
Chief Scientific Officer
Mika Jokinen
VP - Bus. Development
Frederic Dargelas
VP - Manufacturing
Outi Heikkilä
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