Tech Company Financing Transactions

Akero Therapeutics Funding Round

Akero Therapeutics, operating out of Cambridge, secured $65 million from Apple Tree Partners, Atlas Venture and venBio.

Transaction Overview

Company Name
Announced On
6/26/2018
Transaction Type
Venture Equity
Amount
$65,000,000
Round
Series A
Investors

Apple Tree Partners (Lead Investor) (Aaron Kantoff)

Atlas Venture (Lead Investor) (Kevin Bitterman)

venBio (Lead Investor) (Aaron Royston)

Versant Ventures (Lead Investor) (Graham Walmsley)

Proceeds Purpose
The financing will be used to advance Akero's lead clinical program AKR-001, a novel, long-acting fibroblast growth factor 21 (FGF21) analogue.

Company Information

Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
400 Technology Sq. 10th Floor
Cambridge, MA 02139
USA
Phone
Undisclosed
Email Address
Overview
Akero Therapeutics (Nasdaq: AKRO) is committed to providing meaningful treatment options for people with serious metabolic diseases like non-alcoholic steatohepatitis (NASH), a disease marked by inflammation in the liver and liver cell damage resulting in fibrosis, cirrhosis, liver failure and death.
Profile
Akero Therapeutics LinkedIn Company Profile
Social Media
Akero Therapeutics Company Twitter Account
Company News
Akero Therapeutics News
Facebook
Akero Therapeutics on Facebook
YouTube
Akero Therapeutics on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Andrew Cheng
  Andrew Cheng LinkedIn Profile  Andrew Cheng Twitter Account  Andrew Cheng News  Andrew Cheng on Facebook
Chief Operating Officer
Jonathan Young
  Jonathan Young LinkedIn Profile  Jonathan Young Twitter Account  Jonathan Young News  Jonathan Young on Facebook
Chief Scientific Officer
Timothy Rolph
  Timothy Rolph LinkedIn Profile  Timothy Rolph Twitter Account  Timothy Rolph News  Timothy Rolph on Facebook
VP - Bus. Development
Kitty Yale
  Kitty Yale LinkedIn Profile  Kitty Yale Twitter Account  Kitty Yale News  Kitty Yale on Facebook


 

 

Browse more venture capital transactions:

Prev: 6/26/2018: Drip Capital venture capital transaction
Next: 6/27/2018: Matternet venture capital transaction

 

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Where The Data Comes From

We do our best to record funding rounds that are announced publicly. VC transactions reported here are sourced from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.

 


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