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Seaport Therapeutics raised $100 million in an oversubscribed Series A led by ARCH Venture Partners, Sofinnova Investments and Third Rock Ventures to support the development of a novel clinical-stage pipeline of neuropsychiatric medicines.

PUBLIC · SPTXApr 09, 2024

Amount Raised

$100 Million

Round Type

Series A

BostonBiotechnologyTherapeuticsPharmaceuticalBiopharma

Investors

Third Rock VenturesSofinnova InvestmentsARCH Venture Partners

Description

Seaport Therapeutics, the latest Founded Entity by PureTech, has successfully raised $100 million in an oversubscribed Series A financing. The funding will be used to support the development of a novel clinical-stage pipeline of neuropsychiatric medicines.

Quick answer

Seaport Therapeutics raised $100 Million in a Series A round, dated April 9, 2024. Investors: Third Rock Ventures, Sofinnova Investments and ARCH Venture Partners. Seaport Therapeutics is based in Boston, Massachusetts, United States.

How much did Seaport Therapeutics raise?
Seaport Therapeutics raised $100 Million in a Series A round on April 9, 2024.
Who invested in Seaport Therapeutics?
Third Rock Ventures, Sofinnova Investments and ARCH Venture Partners are named as investors in this round.
What does Seaport Therapeutics do?
Seaport Therapeutics is a clinical-stage biopharmaceutical company advancing the development of novel neuropsychiatric medicines in areas of high unmet patient needs.
Where is Seaport Therapeutics based and how big is it?
Seaport Therapeutics is based in Boston, Massachusetts, United States.
Who are the decision-makers at Seaport Therapeutics?
Fundz holds 1 contact at Seaport Therapeutics. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Therapeutics and Pharmaceutical around the same time

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

Who to call at Seaport Therapeutics, and when

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Company Information

Company

Seaport Therapeutics

Location

Boston, Massachusetts, United States

About

Seaport Therapeutics is a clinical-stage biopharmaceutical company advancing the development of novel neuropsychiatric medicines in areas of high unmet patient needs. We have a proven strategy of advancing clinically validated mechanisms previously held back by limitations we overcome with our proprietary Glyph technology platform. All the therapeutic candidates in our pipeline of first and best-in-class medicines are based on the Glyph platform, which is uniquely designed to enable oral bioavailability, bypass first-pass metabolism and reduce hepatotoxicity and other side effects. We are led by an experienced team that was involved in inventing and developing KarXT and other neuropsychiatric medicines, and are guided by an extensive network of renowned scientists, clinicians and key opinion leaders.

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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

Seaport 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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