Tech Company Financing Transactions
City Therapeutics Funding Round
City Therapeutics, operating out of Cambridge, raised $135 million from Arch Venture Partners, Fidelity Management & Research Company and Invus.
Transaction Overview
Company Name
Announced On
10/8/2024
Transaction Type
Venture Equity
Amount
$135,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to advance innovations in siRNA design, delivery and targeting that enable improved potency and specificity, broader access across more tissue types, and expanded opportunities in multiple therapeutic areas.
Company Information
Company Status
Private & Independent
Industry
Life Sciences
Mailing Address
399 Binney St.
Cambridge, MA 02142
USA
Cambridge, MA 02142
USA
Phone
Undisclosed
Website
Email Address
Overview
Leveraging next-generation trigger molecule engineering, City Therapeutics is building a sustainable product engine of RNAi-based medicines to make a significant impact for patients across multiple therapeutic areas. These include prevalent disease indications where RNAi therapeutics have clear advantages over other modalities such as small molecules and antibodies.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
John Maraganore
Chief Operating Officer
Sebastian Trousil
Chief Scientific Officer
Tracy Zimmermann
VP - Bus. Development
Ari Nowacek
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Our team works diligently to record every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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