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Convergent Therapeutics Announces $90 Million Series A Financing To Advance The Clinical Development Of Radiopharmaceuticals For The Treatment Of Prostate Cancer And Other Solid Tumors

PRIVATEMay 03, 2023

Amount Raised

$90 Million

Round Type

Series A

CambridgeBiotechnologyHealth CareTherapeutics

Investors

InvusRA Capital ManagementOrbi Med

Description

Convergent Therapeutics Inc., a clinical-stage biotechnology company focused on the development of next-generation radiopharmaceuticals for the treatment of cancer, today announced the completion of a $90 million Series A financing, led by OrbiMed and RA Capital Management with participation from Invus. The financing will support the development of a pipeline of novel radioantibodies, including its lead program with CONV01-α, for the treatment of advanced prostate cancer.

Quick answer

Convergent Therapeutics raised $90 Million in a Series A round, dated May 3, 2023. Investors: Invus, RA Capital Management and Orbi Med. Convergent Therapeutics is based in Cambridge, Massachusetts, United States.

How much did Convergent Therapeutics raise?
Convergent Therapeutics raised $90 Million in a Series A round on May 3, 2023.
Who invested in Convergent Therapeutics?
Invus, RA Capital Management and Orbi Med are named as investors in this round.
What does Convergent Therapeutics do?
Convergent Therapeutics is a clinical-stage biotechnology company exploring the full potential of dual-targeted combination strategies to treat cancer.
Where is Convergent Therapeutics based and how big is it?
Convergent Therapeutics is based in Cambridge, Massachusetts, United States.
Who are the decision-makers at Convergent Therapeutics?
Fundz holds 1 contact at Convergent Therapeutics. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biotechnology around the same time

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

  • Metagen Therapeutics raised an undisclosed amount (Series A) on June 15, 2023.
  • Zucara Therapeutics raised an undisclosed amount (Funding Round) on June 15, 2023.
  • Eccogene raised $25M (Series B) on June 12, 2023.
  • Kate Therapeutics raised $51M (Series A) on June 8, 2023.
  • Acepodia raised $100M (Series D) on June 6, 2023.
  • Alkeus Pharmaceuticals raised $150M (Series B) on June 5, 2023.

Who to call at Convergent Therapeutics, and when

A new round usually means Convergent Therapeutics is about to hire and buy. The teams that reach out first get the meeting.

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  • The decision-makers there, with verified emails
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Company Information

Company

Convergent Therapeutics

Location

Cambridge, Massachusetts, United States

About

Convergent Therapeutics is a clinical-stage biotechnology company exploring the full potential of dual-targeted combination strategies to treat cancer. Convergent has developed a therapeutic platform that is capable of targeting validated and novel cancer antigens. Building on breakthrough research developed by Dr. Neil Bander at Weill Cornell Medicine, Convergent has demonstrated that dual targeting of surface cancer molecules like Prostate-Specific Membrane Antigen (PSMA) improves antitumor efficacy. By leveraging targeting agents with different bio-distributions, such as monoclonal antibodies and ligands, supra-additive therapeutic doses are delivered to tumor cells without additive toxicity to the patient.

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Fundz sees it the moment Convergent Therapeutics raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Convergent 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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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.