Elektrofi Raises $40 Million Financing To Establish Gmp Manufacturing Capabilities For Upcoming Clinical Studies And Expand Development Pipeline
Amount Raised
$40 Million
Round Type
Funding Round
BostonBiotechnologyDescription
Elektrofi, a Boston-based biotechnology company focused on drug formulation and delivery innovations, today announced the completion of a $40 million Series B financing round. A portion of the proceeds will be used to establish a centralized GMP manufacturing line in support of multiple upcoming clinical trials. The company will also plan to double headcount over the next 12-18 months to accelerate development across a growing pipeline of licensed programs with leading pharma and biotech.
Quick answer
Elektrofi raised $40 Million in a Funding Round round, dated June 13, 2022. Elektrofi is based in Boston, Massachusetts, United States.
- How much did Elektrofi raise?
- Elektrofi raised $40 Million in a Funding Round round on June 13, 2022.
- What does Elektrofi do?
- Elektrofi is a biopharmaceutical formulation technology company that is revolutionizing the delivery of biologic therapies by giving patients the ability to control how they want to receive and benefit from..
- Where is Elektrofi based and how big is it?
- Elektrofi is based in Boston, Massachusetts, United States. Fundz records about 99 employees.
- Who are the decision-makers at Elektrofi?
- Fundz holds 1 contact at Elektrofi. 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 Elektrofi that raised within 45 days of this round, from Fundz verified event records.
- Animol raised $34M (Series B) on July 28, 2022.
- Elevation Oncology raised $50M (Debt Financing) on July 28, 2022.
- Vicinitas Therapeutics raised $65M (Series A) on July 28, 2022.
- SEngine Precision Medicine, Inc. raised an undisclosed amount (Series A) on July 28, 2022.
- Suvera raised $6.5M (Funding Round) on July 28, 2022.
- Core Biogenesis raised $11M (Funding Round) on July 28, 2022.
Who to call at Elektrofi, and when
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- An alert the day Elektrofi raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
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Related People
Elektrofi 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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