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Alzheon, Inc. raised $100 million in Series E financing led by Alerce Medical Technology Partners to advance the development and commercialization of oral tablet ALZ-801/Valiltramiprosate for the treatment of Alzheimer’s disease.

PRIVATEJun 12, 2024

Amount Raised

$100 Million

Round Type

Series E

FraminghamBiotechnology

Investors

Alerce Medical Technology Partners

Description

Alzheon, Inc. has raised $100 million in a Series E financing round led by Alerce Medical Technology Partners to advance the development and commercialization of its oral tablet ALZ-801/Valiltramiprosate for the treatment of Alzheimer’s disease. The funding reflects the promising prospects of their innovative science and technology in the treatment of Alzheimer’s disease.

Quick answer

Alzheon raised $100 Million in a Series E round, dated June 12, 2024. Investors: Alerce Medical Technology Partners. Alzheon is based in Framingham, Massachusetts, United States.

How much did Alzheon raise?
Alzheon raised $100 Million in a Series E round on June 12, 2024.
Who invested in Alzheon?
Alerce Medical Technology Partners is named as investors in this round.
What does Alzheon do?
Alzheon, Inc. is committed to developing innovative medicines by directly addressing the underlying pathology of devastating neurodegenerative disorders.
Where is Alzheon based and how big is it?
Alzheon is based in Framingham, Massachusetts, United States. Fundz records about 31 employees.
Who are the decision-makers at Alzheon?
Fundz holds 1 contact at Alzheon, including the Director, Executive Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Biotechnology around the same time

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

  • Axe Compute Inc. raised $2.2M on July 26, 2024.
  • Revi R Therapeutics raised $30M (Series A) on July 26, 2024.
  • Amporin Pharmaceuticals raised $170K (Grant) on July 26, 2024.
  • Confo Therapeutics raised $65M (Series B) on July 26, 2024.
  • 4D Medicine raised $4.4M (Series A) on July 26, 2024.
  • Endolytix Technology raised $5M on July 26, 2024.

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Company Information

Company

Alzheon

Location

111 Speen Street

Framingham, Massachusetts, United States

About

Alzheon, Inc. is committed to developing innovative medicines by directly addressing the underlying pathology of devastating neurodegenerative disorders. Our lead Alzheimer’s clinical candidate, ALZ-801, is an oral small molecule prodrug of tramiprosate that fully blocks formation of neurotoxic soluble amyloid oligomers in the brain. ALZ-801 is an easy-to-take tablet that builds on the safety and efficacy profile of its active compound tramiprosate, which has been evaluated in clinical trials involving over 2,000 Alzheimer’s patients. Our clinical expertise and technology platform are focused on developing drug candidates using a precision medicine approach based on individual genetic and biological information to advance therapies with the greatest impact for patients.

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Related People

1 contact
Verified contactsMartin T., Director, Executive OfficerSee plans and pricing
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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.