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Astrocyte Pharmaceuticals secures $9.5 million in Series B funding to advance Phase 2 clinical development of its breakthrough TBI and concussion therapy AST-004.

PRIVATESep 30, 2026

Amount Raised

$9.5 Million

Round Type

Series B

GrotonHealthcare

Description

Astrocyte Pharmaceuticals has successfully secured $9.5 million in a Series B funding round. The capital will be utilized to advance the Phase 2 clinical development of its innovative therapy for TBI and concussion, named AST-004. This funding will enable the company to conduct crucial trials and further validate its therapeutic approach. The investment underscores the potential impact of AST-004 in addressing significant unmet medical needs in brain injury treatment.

Company Information

Company

Astrocyte Pharmaceuticals Inc.

Location

93 SHENNECOSSETT ROAD

Groton, Massachusetts, United States

About

Astrocyte Pharmaceuticals is a drug discovery and development company dedicated to accelerating the recovery and well-being of brain injury patients. Astrocyte is committed to proving the neuroprotective benefits of enhanced mitochondrial energy production in astrocytes, and advancing breakthrough therapeutic agents for treating brain injury resulting from stroke, TBI, concussion, and neurodegenerative disorders such as Alzheimer’s disease.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Astrocyte Pharmaceuticals Inc. 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 FundzWatch™ for automated website change detection, 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.