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2

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AZTherapies Closes $33.6M Series C-1 Financing

Oct 2, 2020

AZTherapies, Inc., a Boston, MA-based biopharmaceutical company in advanced clinical trials to treat neuroinflammatory diseases, closed a $33.6m Series C-1 financing.This C-1 round follows the receipt earlier this year of an additional $11.2m from the company’s previously announced Series C Preferred Stock financing, which raised aggregate gross proceeds of $37.5m.The Series C-1 round was led by Malaysia-based publicly listed pharmaceutical company and new investor Duopharma Biotech Berhad.The Series C-1 round included existing investors, led by Spinnaker Capital as well as ID Fund, DRADS Capital, and Wexford Capital, each of which also participated in the earlier Series C round.In addition, Nextrans-KCLAVIS and Axiom Associates participated as new investors in the Series C round, and DEFTA Partners as a new investor in the Series C-1 round. Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.

ID Fund Investments

2 Investments

ID Fund has made 2 investments. Their latest investment was in AZTherapies as part of their Series C - II on September 9, 2020.

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ID Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/15/2020

Series C - II

AZTherapies

$11.2M

Yes

4

4/30/2019

Series A

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$99M

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10

Date

9/15/2020

4/30/2019

Round

Series C - II

Series A

Company

AZTherapies

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Amount

$11.2M

$99M

New?

Yes

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Co-Investors

Sources

4

10

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