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Rapport Therapeutics Raises $150 Million In Series B Funding Round And Announces Key Board Appointments To Further Advance Precision Neuromedicine Platform

PRIVATEAug 24, 2023

Amount Raised

$150 Million

Round Type

Series B

United StatesInformation TechnologyBiotechnologyHealth CareTherapeutics

Investors

James Healy, M.D., Ph.D., Managing Partner Of Sofinnova InvestmentsRapportJohnson & Johnson Innovation – JJDCARCH Venture PartnersThird Rock VenturesT. Rowe Price AssociatesSurveyor CapitalSofinnova InvestmentsPerceptive AdvisorsLogos CapitalGoldman Sachs Asset ManagementFidelity Management & Research CompanyCormorant Asset Management

Description

Rapport Therapeutics, Inc., a clinical-stage biotechnology company leveraging the science of receptor-associated proteins (RAPs) to advance precision neuromedicines, today announced that it has raised $150 million in Series B funding. Led by Cormorant Asset Management, the round includes investments from Fidelity Management & Research Company, Goldman Sachs Asset Management, Logos Capital, Perceptive Advisors, Sofinnova Investments, Surveyor Capital (a Citadel company), funds and accounts advised by T. Rowe Price Associates, Inc., and all existing investors, which include Third Rock Ventures, ARCH Venture Partners and Johnson & Johnson Innovation – JJDC, Inc. (JJDC).

Quick answer

Rapport raised $150 Million in a Series B round, dated August 24, 2023. Investors: James Healy, M.D., Ph.D., Managing Partner Of Sofinnova Investments, Rapport, Johnson & Johnson Innovation – JJDC, ARCH Venture Partners, Third Rock Ventures, T. Rowe Price Associates, Surveyor Capital and Sofinnova Investments. Rapport is based in United States.

How much did Rapport raise?
Rapport raised $150 Million in a Series B round on August 24, 2023.
Who invested in Rapport?
James Healy, M.D., Ph.D., Managing Partner Of Sofinnova Investments, Rapport, Johnson & Johnson Innovation – JJDC, ARCH Venture Partners, Third Rock Ventures, T. Rowe Price Associates, Surveyor Capital and Sofinnova Investments are named as investors in this round.
What does Rapport do?
(www.rapportrx.com) Rapport pursues precision neuromedicine in an effort to give patients better alternatives to current treatments for neurological diseases, which often come with reduced efficacy and side effects that..
Where is Rapport based and how big is it?
Rapport is based in United States.
Who are the decision-makers at Rapport?
Fundz holds 1 contact at Rapport. 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 Rapport that raised within 45 days of this round, from Fundz verified event records.

  • Amicus Therapeutics raised an undisclosed amount (Funding Round) on October 2, 2023.
  • Acasti raised $7.5M (Post-IPO Equity) on September 26, 2023.
  • Acasti raised $7.5M on September 25, 2023.
  • Qihan Biotech raised an undisclosed amount (Series B) on September 23, 2023.
  • DalCor Pharmaceuticals raised $80M (Series D) on September 13, 2023.
  • Renibus Therapeutics raised an undisclosed amount (Series B) on September 12, 2023.

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Company Information

Company

Rapport

Location

United States

About

(www.rapportrx.com) Rapport pursues precision neuromedicine in an effort to give patients better alternatives to current treatments for neurological diseases, which often come with reduced efficacy and side effects that lead to suboptimal dosing, noncompliance and discontinuation. By more precisely targeting the neural circuits and cell types where diseases originate, Rapport’s approach has the potential to reduce the unwanted drug-target interactions that lead to these issues. The company’s platform, built and refined over the past decade by its founding scientific team, achieves precision through the discovery and targeting of receptor-associated proteins, or RAPs, which display regional or neural circuit-specific expression. The company’s first program, designed to treat seizure disorders in patients whose condition is resistant to current treatments, is in Phase 1 clinical studies.

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1 contact
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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

Rapport 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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