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Alzamend Neuro Announces Additional Investment Under Its Investigational New Drug Application For Al001 For Dementia Related To Alzheimer’S Pursuant To The Securities Purchase Agreement With Digital Power Lending

PUBLIC · ALZNAug 04, 2021

Round Type

Venture

AtlantaBiotechnologyHealth CareScience And Engineering

Description

Alzamend Neuro, Inc. (Nasdaq: ALZN) (“Alzamend”) announced that Digital Power Lending, LLC (“DPL”), a wholly owned subsidiary of Ault Global Holdings, Inc. (“AGH”) (NYSE American: DPW), a diversified holding company, has made an additional investment in Alzamend, a related party of AGH and early clinical-stage biopharmaceutical company focused on developing novel products for the treatment of neurodegenerative diseases and psychiatric disorders.

Quick answer

Alzamend Neuro raised an undisclosed amount in a funding round, dated August 4, 2021. Alzamend Neuro is based in Atlanta, Georgia, United States.

How much did Alzamend Neuro raise?
Alzamend Neuro raised an undisclosed amount in a funding round on August 4, 2021.
What does Alzamend Neuro do?
Alzamend Neuro is a clinical-stage biopharmaceutical company focused on developing novel products for the treatment of Alzheimer’s disease, Bipolar disorder, Major Depressive Disorder (“MDD”) and Post-Traumatic Stress..
Where is Alzamend Neuro based and how big is it?
Alzamend Neuro is based in Atlanta, Georgia, United States. Fundz records about 7 employees.
Who are the decision-makers at Alzamend Neuro?
Fundz holds 1 contact at Alzamend Neuro, including the Deputy General Counsel and Vice President of Legal Affairs. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Science And Engineering and Biotechnology around the same time

Companies in the same sectors as Alzamend Neuro that raised within 45 days of this round, from Fundz verified event records.

  • Iaso Bio raised $108M (Series C) on September 16, 2021.
  • Walking Fish Therapeutics raised $29M on September 14, 2021.
  • Walking Fish Therapeutics raised $50M (Series A) on September 13, 2021.
  • Neurogastrx raised $60M (Series B) on August 26, 2021.
  • Psilera raised $2.5M (Seed) on August 26, 2021.
  • Atavistik Bio raised $60M (Series A) on August 24, 2021.

Who to call at Alzamend Neuro, and when

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Company Information

Company

Alzamend Neuro

Location

Atlanta, Georgia, United States

About

Alzamend Neuro is a clinical-stage biopharmaceutical company focused on developing novel products for the treatment of Alzheimer’s disease, Bipolar disorder, Major Depressive Disorder (“MDD”) and Post-Traumatic Stress Disorder (“PTSD”). Our mission is to rapidly develop and market safe and effective treatments to bring aid to the 43+ Million Americans suffering from these debilitating diseases. Our current pipeline consists of two novel therapeutic drug candidates, AL001 - a patented ionic cocrystal technology delivering lithium via a therapeutic combination of lithium, proline and salicylate, and ALZN002 - a patented method using a mutant-peptide sensitized cell as a cell-based therapeutic vaccine that seeks to restore the ability of a patient’s immunological system to combat Alzheimer’s.

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Related People

1 contact
Verified contactsJames, Deputy General Counsel and Vice Preside…See plans and pricing
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Alzamend Neuro raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.