Proteostasis Therapeutics
AcquiredBoston, United States · Founded 2006 · $82.0M raised
- Headquarters
- Boston, Massachusetts
- Employees
- 11–50
- Founded
- 2006
- Business Model
- B2B
- Total Funding
- $82.0M
- Last Round
- $37.0M Convertible NoteSep 2015
- Rounds
- 2
- Acquisition Date
- Dec 2020
About
Proteostasis Therapeutics was a clinical-stage biopharmaceutical company focused on discovering and developing small-molecule therapeutics to treat cystic fibrosis and other diseases caused by dysfunctional protein processing. Founded in 2006 and based in Boston, Massachusetts, the company traded on Nasdaq under the ticker PTI. After its CF drug candidates underperformed against Vertex's pipeline, Proteostasis merged with Yumanity Therapeutics in 2020.
Summary
Proteostasis Therapeutics is a Biotech company based in Boston, United States, founded in 2006. It has raised $82.0M in total across 2 rounds, most recently a $37.0M Convertible Note round in Sep 2015. Investors include New Enterprise Associates, Cormorant Asset Management and Rock Springs Capital.
Funding History
Dec 2020
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Series A through Acquisition — per-round amounts, valuations, and who invested in each round.
Investors
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