Proteostasis Therapeutics
AcquiredProteostasis Therapeutics was founded in 2006, is headquartered in Boston, United States, lists 11–50 employees, and has $82.0M in recorded funding across 2 rounds.
- 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
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 2 funding rounds and 7 investors for this company. The full record is or through the API.
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 lists 11–50 employees. 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 & Exit History
Dec 2020
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Funding: Series A through Convertible Note. Amounts, valuations, and investors where available.
Investors
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