Tech Company Financing Transactions
Proclara Biosciences Funding Round
Proclara Biosciences, based in Cambridge, raised $47 million in funding from Merieux Developpement and private investors.
Transaction Overview
Company Name
Announced On
9/8/2016
Transaction Type
Venture Equity
Amount
$47,000,000
Round
Series E
Investors
Merieux Developpement (Lead Investor)
Proceeds Purpose
The financing will support further clinical development of NPT088, as well as the preclinical advancement of additional molecules toward the clinic. With completion of this financing, Proclara has raised more than $110 million to date.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
125 Cambridgepark Dr. 301
Cambridge, MA 02140
USA
Cambridge, MA 02140
USA
Phone
Website
Email Address
Not Recorded
Overview
Proclara Biosciences is a biotechnology company advancing product candidates developed based on proprietary GAIM technology, which is capable of simultaneously targeting multiple toxic misfolded proteins.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 9/8/2016: kWh Analytics venture capital transaction
Next: 9/8/2016: Nutanix venture capital transaction
Share this article
News on VC Transactions
We report on tech company VC transactions. VC investment data records on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs