Molecular Templates Garners $8,500,000 Series C Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1bf94590-c278-44c0-8d68-e296a3fe509e
Date
10/8/2013
Company Name
Molecular Templates
Mailing Address
111 W. Cooperative Way Georgetown, TX 78626
Company Description
Molecular Templates Inc. is creating an entirely new generation of potent anti-cancer agents based on proprietary applied proteomics technologies.The novel therapeutic agents in development by MTI are aimed particularly at melanoma, prostate and other metastatic cancers.
Website
http://www.moleculartemplates.com
Transaction Type
Venture Equity
Transaction Amount
$8,500,000
Transaction Round
Series C
Proceeds Purposes
This round of financing will allow us to develop our technology around antibody-drug conjugates, siRNA delivery, and enzyme replacement therapy while continuing to advance our lead compound, MT-3724.
M&A Terms
Venture Investor
Excel Venture Management
Venture Investor
Excel Venture Management
Venture Investor
Sante Ventures