Promentis Pharmaceuticals

Seeking to redefine what is possible

Milwaukee, United States · Founded 2007 · $30.8M raised

Employees
1–10
Founded
2007
Business Model
B2B
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

Series CSeries CMar 2017
$26.0M

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Series A through Series C — per-round amounts, valuations, and who invested in each round.

Investors

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