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Second round of financing for Athenagen grosses $50mm

Executive Summary

Athenagen, which discovers small molecules for neurovascular conditions by beta-secretase inhibition or nicotinic acetylcholine receptor modulation, raised $50mm in its Series B financing. Returning investor Sanderling Ventures and new backer Clarus Venture co-led the round and were joined by new shareholder Index Ventures and current investors Charter Life Sciences and Astellas Venture Management. A representative from Clarus will take a seat on Athenagen's board.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
    • Drug Delivery
      • Topical Delivery
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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