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Fountain Therapeutics closes $15 million in Series A-2 financing

By Brian Buntz | November 18, 2021

Fountain TherapeuticsSouth San Francisco–based biopharma Fountain Therapeutics has pulled in $15 million in Series A-2 financing, bringing its total Series A funding to $26 million. The company focuses on drug development for chronic degenerative diseases.

Eli Lilly and Company (NYSE:LLY), Alexandria Venture Investments and R42 Group joined as new investors in the funding round. Prior investors Khosla Ventures and Nan Fung Life Sciences also contributed to the Series A-2 financing.

Like many other biopharma startups, Fountain Therapeutics aims to use computer vision, artificial intelligence and machine learning to enhance its drug discovery efforts.

The company’s specific focus is on treating age-related diseases by reversing cellular age.

“We have already identified novel biology around known targets and potential new insights into chronic disease states that may lead to new therapies,” said Dr. William Greene, CEO of Fountain Therapeutics, in a press release. “We look forward to building on our positive momentum as we continue to build our insights, platform and pipeline.”

Fountain Therapeutics plans on investing the financing in its platform, pipeline and hiring new employees.

The company was founded in 2018.


Filed Under: Drug Discovery
Tagged With: Alexandria Venture Investments, degenerative disease, Eli Lilly, Fountain Therapeutics, Khosla Ventures, Nan Fung Life Sciences, R42 Group
 

About The Author

Brian Buntz

As the pharma and biotech editor at WTWH Media, Brian has almost two decades of experience in B2B media, with a focus on healthcare and technology. While he has long maintained a keen interest in AI, more recently Brian has made making data analysis a central focus, and is exploring tools ranging from NLP and clustering to predictive analytics.

Throughout his 18-year tenure, Brian has covered an array of life science topics, including clinical trials, medical devices, and drug discovery and development. Prior to WTWH, he held the title of content director at Informa, where he focused on topics such as connected devices, cybersecurity, AI and Industry 4.0. A dedicated decade at UBM saw Brian providing in-depth coverage of the medical device sector. Engage with Brian on LinkedIn or drop him an email at bbuntz@wtwhmedia.com.

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