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Seaport Therapeutics raised $225 million in a Series B round led by General Atlantic to advance its clinical-stage pipeline of neuropsychiatric medicines.

PUBLIC · SPTXOct 21, 2024

Amount Raised

$225 Million

Round Type

Series B

BostonBiotechnologyTherapeuticsPharmaceuticalBiopharma

Investors

General AtlanticT. Rowe Price Associates, Inc.PureTech HealthThird Rock VenturesSofinnova InvestmentsT. Rowe Price AssociatesForesite CapitalInvusGoldman Sachs AlternativesCPP InvestmentsARCH Venture Partners

Description

Seaport Therapeutics announced the closing of an oversubscribed $225 million Series B financing round, bringing total capital raised to $325 million since its launch. The company will use the funds to further its clinical-stage pipeline and enhance its Glyph™ technology platform.

Quick answer

Seaport Therapeutics raised $225 Million in a Series B round, dated October 21, 2024. Investors: General Atlantic, T. Rowe Price Associates, Inc., PureTech Health, Third Rock Ventures, Sofinnova Investments, T. Rowe Price Associates, Foresite Capital and Invus. Seaport Therapeutics is based in Boston, Massachusetts, United States.

How much did Seaport Therapeutics raise?
Seaport Therapeutics raised $225 Million in a Series B round on October 21, 2024.
Who invested in Seaport Therapeutics?
General Atlantic, T. Rowe Price Associates, Inc., PureTech Health, Third Rock Ventures, Sofinnova Investments, T. Rowe Price Associates, Foresite Capital and Invus 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.

  • Bio Green Med Solution, Inc. raised $2.1M (Seed) on November 14, 2024.
  • Ensho Therapeutics raised $5M on October 24, 2024.
  • SystImmune raised $7.9M on October 18, 2024.
  • OnKure Therapeutics raised $65M on October 4, 2024.
  • Clene Nanomedicine raised $7.3M on October 1, 2024.
  • PhoreMost raised $12M (Series B) on September 10, 2024.

Who to call at Seaport Therapeutics, and when

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

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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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Fundz sees it the moment Seaport 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
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

Seaport Therapeutics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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