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
Company Name
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
Toronto ON, M5G 0B7
Canada
Phone
Undisclosed
Website
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
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Michael Riddell
Chief Executive Officer
Michael Midmer
Chief Scientific Officer
Richard Liggins
VP - Regulatory Affairs
Susan Peers
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