Tech Company Financing Transactions

Zucara Therapeutics Funding Round

Zucara Therapeutics, operating out of Toronto ON, secured $20 million from Perceptive Xontogeny Venture Fund, Sanofi Ventures and private investors.

Transaction Overview

Announced On
11/12/2024
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series B
Investors

Perceptive Xontogeny Venture Fund (Lead Investor)

Sanofi Ventures (Lead Investor)

Proceeds Purpose
The company intends to use the funds to conduct the ongoing Phase 2a trial of the effect of ZT-01 On Nocturnal hypoglycemia Events in Type 1 diabetes ("T1D") mellitus ("ZONE"), and the nonclinical activities to support a once-weekly version of ZT-01.

Company Information

Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
661 University Ave. 1300
Toronto ON, M5G 0B7
Canada
Phone
Undisclosed
Email Address
Not Recorded
Overview
Zucara Therapeutics is developing the first once-daily therapeutic to prevent hypoglycemia (low blood sugar) in patients with diabetes. This pre-clinical technology is directed at regulating a hormone in the pancreas called somatostatin which in Type 1 diabetes is not properly controlled.
Profile
Zucara Therapeutics LinkedIn Company Profile
Social Media
Zucara Therapeutics Company Twitter Account
Company News
Zucara Therapeutics News
Facebook
Zucara Therapeutics on Facebook
YouTube
Zucara Therapeutics on YouTube

Management Team

Title
Name
Email & Social
Chairman
Michael Riddell
  Michael Riddell LinkedIn Profile  Michael Riddell Twitter Account  Michael Riddell News  Michael Riddell on Facebook
Chief Executive Officer
Michael Midmer
  Michael Midmer LinkedIn Profile  Michael Midmer Twitter Account  Michael Midmer News  Michael Midmer on Facebook
Chief Scientific Officer
Richard Liggins
  Richard Liggins LinkedIn Profile  Richard Liggins Twitter Account  Richard Liggins News  Richard Liggins on Facebook
VP - Regulatory Affairs
Susan Peers
  Susan Peers LinkedIn Profile  Susan Peers Twitter Account  Susan Peers News  Susan Peers on Facebook


 

 

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Prev: 11/12/2024: Vega Investment Technologies venture capital transaction
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