Annovation BioPharma Secures $8,000,000 Series A Funding

  • Feed Type
  • Date
    9/11/2012
  • Company Name
    Annovation BioPharma
  • Mailing Address
    2 Dairy Farm Lane Wayland, MA 01778
  • Company Description
    Annovation BioPharma, Inc. develops pharmaceutical products in the field of anesthesia, sedation, and sleep. The company was incorporated in 2009 and is based in Wayland, Massachusetts.
  • Website
    Undisclosed
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $8,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    The round could hit a total of $11 million through additional investments from the syndicate, and will go toward pre-clinical and clinical development of Annovation’s technology, which is designed to administer anesthesia more safely and more precisely to patients than traditional methods, according to the release.
  • M&A Terms
  • Venture Investor
    Partners Innovation Fund
  • Venture Investor
    Atlas Venture
  • Venture Investor
    The Medicines Company