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Trevena brings in $35mm through its Series B round

Executive Summary

Two-year-old Trevena Inc. (developing GPCR-biased ligand therapeutics for cancer and cardiovascular and neurology conditions) has raised $35mm through its Series B venture round. Current shareholders Polaris Venture Partners and New Enterprise Associates led and were joined by all of Trevena's other existing backers--Alta Partners, Healthcare Ventures, and Yasuda Enterprise Development Co. Trevena will use the money to finish a Phase II trial of TRV120027 for acute heart failure and move other GPCR-biased ligands for pain and inflammation through discovery into the clinic.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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