Portal Instruments Secures $25,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e7607708-cb5f-4090-a921-8ecb965ab9ab
Date
10/20/2015
Company Name
Portal Instruments
Mailing Address
148 Sidney Street Cambridge, MA 02139 USA
Company Description
Portal Instruments is a development stage, venture-backed company that is developing a unique platform technology to transform the delivery of modern medicines and improve the patient experience.
Website
http://www.portalinstruments.com
Transaction Type
Venture Equity
Transaction Amount
$25,000,000
Transaction Round
Series B
Proceeds Purposes
Proceeds from the Series B financing will be used to further develop Portal’s groundbreaking computerized needle-free drug delivery system for injectable biologics for chronic diseases and to advance commercialization of its first product.
M&A Terms
Venture Investor
5AM Ventures
Venture Investor
Sanofi-Genzyme BioVentures
Venture Investor
Undisclosed