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Arctic Therapeutics closes an oversubscribed US$21.5 million financing round led by Pekron and Investcorp-backed Sanos Group. The funds will advance clinical development of pipeline assets AT-002 and AT-003.

PRIVATEOct 21, 2026

Amount Raised

$21.5 Million

Round Type

Venture

IcelandBiotechnologyHealth CareTherapeutics

Investors

LandvættirKaldbakurSanos GroupPekron

Description

Arctic Therapeutics announced the closing of a US$21.5 million financing round, which was oversubscribed due to strong investor demand. The round was led by Pekron, Sanos Group, Kaldbakur, and Landvættir. The proceeds will be used to further the clinical development of AT-002 and AT-003. This financing follows an earlier US$31 million Series A round that advanced the company's lead programs.

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Company Information

Company

Arctic Therapeutics

Location

Iceland

About

Arctic Therapeutics is an Icelandic drug discovery and development startup focused on creating innovative treatments for dementia and other diseases. The company aims to develop groundbreaking therapies, particularly in the domain of amyloid protein management, to address significant unmet medical needs. Their lead projects, AT-001 and AT-004, are designed to treat familial dementia and other related conditions. Arctic Therapeutics is committed to transforming the landscape of healthcare through its scientific advancements.

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Arctic Therapeutics 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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