Tech Company Financing Transactions
FundaMental Pharma Funding Round
FundaMental Pharma closed a $10.3 million Seed funding round on 11/21/2022. Backers included BioGeneration Ventures, Thuja Capital and High-Tech Gründerfonds.
Transaction Overview
Company Name
Announced On
11/21/2022
Transaction Type
Venture Equity
Amount
$10,270,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate growth, and expand its development efforts.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
Im Neuenheimer Feld 582
Heidelberg, D-69120
DE
Heidelberg, D-69120
DE
Phone
Undisclosed
Website
Email Address
Overview
The FundaMental Pharma Team harnesses the power of this revolutionary discovery of a new drug class to stop loss of brain structure and thus loss of function. FundaMental Pharma GmbH is a neuroscience company with portfolio at the preclinical stage, which was spun out of the Department of Neurobiology at Heidelberg University, Germany. First-in class NMDAR/TRPM4 (N/T) Interface Inhibitors selectively abolish extrasynaptic NMDARs-induced glutamate neurotoxicity but preserve the effects of synaptic NMDARs on neuronal survival and memory. N/T interface inhibition has the potential to stop neurodegeneration, to restore neuronal function, and to maintain brain health. N/T interface inhibitors provide neuroprotection through selective elimination of toxic extra synaptic NMDARs signaling.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Thomas Schulze
Chief Medical Officer
Gabriele Barth
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