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Adipo Therapeutics completed a $1.9M seed funding bridge to advance the development of its lead asset ADPO-002 for the treatment of obesity through increased energy expenditure.

Mar 07, 2024almost 2 years ago

Amount Raised

$1.9 Million

Round Type

seed

IndianapolisBiopharmaTherapeuticsHealth CareBiotechnology

Investors

Vision Tech PartnersIu VenturesElevate VenturesPurdue Research Foundation

Description

Adipo Therapeutics, a late-stage, preclinical biopharmaceutical company focusing on treatments for obesity and Type 2 diabetes, has completed a $1.9 million seed funding bridge, bringing its total seed funding to $4 million. The funding will be used to complete critical studies to demonstrate ADPO-002's potential in converting energy-storing white adipose tissue to energy-burning brown adipose tissue in human fat. Key investors in Adipo include Purdue Research Foundation, Elevate Ventures, IU Ventures, and VisionTech Partners.

Company Information

Company

Adipo Therapeutics

Location

1210 Waterway Blvd.

Indianapolis, Indiana, United States

About

Adipo Therapeutics, an Indiana biotechnology company, is developing polymer-based, Notch-inhibiting nanoparticles that are injected directly into adipose (fat) tissue to induce browning, or white-to-beige adipocyte transformation.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers