Promentis Pharmaceuticals
Seeking to redefine what is possible
Milwaukee, United States · Founded 2007 · $30.8M raised
- Headquarters
- Milwaukee, Wisconsin
- Employees
- 1–10
- Founded
- 2007
- Business Model
- B2B
- Website
- promentispharma.com
- Total Funding
- $30.8M
- Last Round
- $26.0M Series CMar 2017
- Rounds
- 3
About
Promentis Pharmaceuticals is a privately held, clinical-stage biopharmaceutical company based in Milwaukee, Wisconsin, developing novel oral small-molecule therapies for neuropsychiatric disorders. The company's platform is built around System xc-, a cystine/glutamate antiporter that modulates glutamate signaling in brain circuits implicated in urge control and executive function. Promentis's lead program targets trichotillomania — a highly prevalent obsessive-compulsive spectrum disorder for which no FDA-approved therapy exists — and has advanced into Phase 2 clinical trials. The company's broader pipeline applies the same glutamatergic mechanism to other obsessive-compulsive, addictive, and CNS disorders. Promentis was co-founded by neuroscientists from Marquette University and the Medical College of Wisconsin, including Drs. John Mantsch and David Baker.
Summary
Promentis Pharmaceuticals is a Biotech company based in Milwaukee, United States, founded in 2007. It has raised $30.8M in total across 3 rounds, most recently a $26.0M Series C round in Mar 2017. Investors include OrbiMed, F-Prime Capital and Aisling Capital.
Tech & App Stack
3 technologies & apps tracked
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Funding History
Mar 2017
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Series A through Series C — per-round amounts, valuations, and who invested in each round.
Investors
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