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Angel Investor (Group)
delawarecrossing.org

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Investments

52

Portfolio Exits

7

About Delaware Crossing Investment Group

Delaware Crossing Investor Group is a network of former and current executives and entrepreneurs who provide counsel and capital to early-stage and other growth-oriented companies. Delaware Crossing Investor Group is a membership organization of qualified investors who play an active role in the sourcing of prospective portfolio companies, managing the investment process and serving on the board of directors of portfolio companies. While many of the investments presented to the group are high risk, these investments also have the potential for a high return.

Delaware Crossing Investment Group Headquarter Location

P.O. Box 1493

Pennsylvania, 18901,

United States

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Latest Delaware Crossing Investment Group News

Novira Therapeutics Inks $23M Series A

Aug 24, 2012

Novira Therapeutics Inks $23M Series A August 24, 2012 Follow @buyouts Novira Therapeutics Inc., a developer of antivirals for the treatment of chronic hepatitis B and HIV infections, has raised $23 million in Series A financing. 5AM Ventures and Canaan Partners co-led the round, and were joined by WuXi PharmaTech as well as existing investors BioAdvance, Mid-Atlantic Angel Group, Robin Hood Ventures and Delaware Crossing Investment Group. As a result of the round, Scott M. Rocklage, a managing partner with 5AM Ventures, has been appointed chairman of Novira’s board. Tim Shannon, venture partner at Canaan Partners, has also joined the board. PRESS RELEASE Novira Therapeutics Inc. today announced it has secured $23 million in Series A financing to support the development of its capsid-targeting antivirals for the treatment of chronic hepatitis B (HBV) and HIV infections. The financing was co-led by new investors 5AM Ventures and Canaan Partners and joined by WuXi PharmaTech as well as existing investors BioAdvance, Mid-Atlantic Angel Group, Robin Hood Ventures and Delaware Crossing Investment Group (DCIG). In conjunction with the financing, Scott M. Rocklage, Ph.D., a managing partner with 5AM Ventures, has been appointed chairman of Novira’s board of directors. In addition, Tim Shannon, M.D., venture partner at Canaan Partners, has joined the board, which is comprised of four highly-accomplished life science executives. The other board members are Anthony W. Ford-Hutchinson, Ph.D., independent consultant to the pharmaceutical industry, and Osvaldo Flores, Ph.D., co-founder, president and chief scientific officer of Novira. “While many advances have been made in the treatment of chronic HBV and HIV infections, therapy for these diseases is still plagued by certain limitations, including the absence of a true cure for chronic infection with HBV and the development of drug resistance during chronic infection with HIV, leading to a need for antivirals with a new mechanism of action,” commented Dr. Rocklage. “We were drawn to Novira’s novel approach, which holds much promise for treating these viral diseases with oral drugs that can potentially work either as a monotherapy or in combination with the current standard of care, as well as the company’s strong management team, which has extensive expertise in pharmaceutical drug discovery.”   Osvaldo Flores, Ph.D., president and chief scientific officer of Novira, added, “We believe the capsid-targeting approach holds much potential as a treatment for chronic HBV and HIV infections, and now, with the support of additional strong investors, we are able to advance these first-in-class antiviral drugs into the clinic.”   Novira’s antiviral drugs are designed to disrupt the function of a viral protein called the capsid that is required for replication and transmission. During the virus’ life cycle, the capsid is involved in the assembly of new viral particles and the disassembly of the particles following infection of a new cell. By inhibiting key aspects of capsid function, Novira’s oral drugs prevent further spread of the virus and offer a new treatment for viral diseases. About 5AM Ventures5AM Ventures is an early-stage venture capital firm focused on building next-generation life science companies. Founded in 2002, 5AM Ventures has over $435 million under management. The firm has offices in Menlo Park, CA and Waltham, MA. Formed by successful industry executives and experienced venture capitalists, the 5AM team takes a focused, hands-on approach to company building. In addition to leading investments and contributing as board members of its portfolio companies, 5AM plays a hands on role in partnership with entrepreneurs. About Canaan PartnersCanaan Partners invests in entrepreneurs and works alongside them to turn visionary ideas into valuable companies. Since 1987, the firm has catalyzed the growth of disruptive technology startups and healthcare companies revolutionizing the practice of medicine. With $3.5 billion under management and more than 85 acquisitions and 53 IPOs to date, Canaan has funded healthcare companies such as Advanced BioHealing (acquired by Shire); Advance PCS (acquired by Caremark), BiPar Sciences (acquired by Sanofi); Calixa Therapeutics (acquired by Cubist); Cerexa Pharmaceuticals (acquired by Forest Labs) and Peninsula Pharmaceuticals (acquired by Johnson & Johnson). Current healthcare investments include emerging leaders such as Liquidia Technologies, Theraclone Sciences, Durata, Civitas Therapeutics, Elevation Pharmaceuticals and DICOM Grid. Canaan maintains a presence in the global innovation hubs of New York, Silicon Valley, India and Israel. For more information visit www.canaan.com or www.facebook.com/canaanpartners . About WuXi PharmaTechWuXi PharmaTech is a leading pharmaceutical, biotechnology, and medical device R&D outsourcing company, with operations in China and the United States. As a research-driven and customer-focused company, WuXi PharmaTech provides a broad and integrated portfolio of laboratory and manufacturing services throughout the drug and medical device R&D process. WuXi PharmaTech’s services are designed to assist its global partners in shortening the cycle and lowering the cost of drug and medical device R&D. WuXi PharmaTech’s operating subsidiaries are known as WuXi AppTec. For more information, please visit http://www.wuxiapptec.com . About Novira Therapeutics Inc.Novira Therapeutics Inc. is an antiviral drug discovery company that is focused on the discovery of first-in-class antiviral therapeutics for the treatment of chronic HBV and HIV infections, two global diseases with high levels of unmet need. Novira’s oral drugs target the capsid of the virus, and offer a promising treatment option both as monotherapy and in combination with current standards of care. The company’s antivirals potentially address limitations in treating chronic HBV infection, a disease for which the only class of oral drugs available, polymerase inhibitors, are rarely curative and often require lifelong treatment, as well as in chronic HIV infection, a disease for which the continued ability of the virus to mutate inevitably leads to drug-resistant viral strains. Each of these limitations to the standard of care can potentially be addressed by capsid inhibitors which feature a new mechanism of action. © 2015 Buyouts Insider / Argosy Group LLC

Delaware Crossing Investment Group Investments

52 Investments

Delaware Crossing Investment Group has made 52 investments. Their latest investment was in Vesteck as part of their Series A on August 8, 2021.

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Delaware Crossing Investment Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/26/2021

Series A

Vesteck

$4.3M

Yes

4

1/7/2016

Seed VC

Life.io

$1.57M

Yes

4

5/26/2015

Series A

Annovis Bio

$5.7M

No

1

1/13/2015

Series A - II

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$99M

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10

9/30/2014

Series A

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$99M

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10

Date

8/26/2021

1/7/2016

5/26/2015

1/13/2015

9/30/2014

Round

Series A

Seed VC

Series A

Series A - II

Series A

Company

Vesteck

Life.io

Annovis Bio

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Amount

$4.3M

$1.57M

$5.7M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

4

4

1

10

10

Delaware Crossing Investment Group Portfolio Exits

7 Portfolio Exits

Delaware Crossing Investment Group has 7 portfolio exits. Their latest portfolio exit was Annovis Bio on January 29, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/29/2020

IPO

$99M

Public

7

1/16/2019

Acquired

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$99M

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10

9/18/2017

Acquired

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$99M

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10

11/4/2015

Acquired

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$99M

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10

10/1/2015

IPO

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$99M

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10

Date

1/29/2020

1/16/2019

9/18/2017

11/4/2015

10/1/2015

Exit

IPO

Acquired

Acquired

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

7

10

10

10

10

Delaware Crossing Investment Group Team

4 Team Members

Delaware Crossing Investment Group has 4 team members, including current Managing Director, Loren Danzis.

Name

Work History

Title

Status

Loren Danzis

Managing Director

Current

Jeff H Nicholas

Managing Director

Current

Elizabeth Sigety

Managing Director

Current

Loren Danzis

Founder

Former

Name

Loren Danzis

Jeff H Nicholas

Elizabeth Sigety

Loren Danzis

Work History

Title

Managing Director

Managing Director

Managing Director

Founder

Status

Current

Current

Current

Former

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