Round Type
Venture
High PointBiotechnologyHealth CareMedicalDescription
vTv Therapeutics Inc. (Nasdaq: VTVT) today announced entry into agreements that include a $10 million investment by CinPax, LLC (“CinPax”), a subsidiary of CinRx Pharma, LLC (“CinRx”). Under the terms of the agreements, CinPax acquired 4,154,549 shares of Class A Common Stock of vTv at an issue price of approximately $2.41 per share, with $6 million paid in cash at closing, and the remaining amount of $4 million payable on November 22, 2022. The agreements also provide for the issuance of 1.2 million warrants to CinRx to acquire additional shares of Class A Common Stock that become exercisable upon agreed vesting triggers (including FDA approval of TTP399 (“FDA Approval”))
Quick answer
vTv raised an undisclosed amount in a funding round, dated July 25, 2022. vTv is based in High Point, North Carolina, United States.
- How much did vTv raise?
- vTv raised an undisclosed amount in a funding round on July 25, 2022.
- What does vTv do?
- vTv has a pipeline of clinical drug candidates led by programs for the treatment of type 1 diabetes and cystic fibrosis related diabetes.
- Where is vTv based and how big is it?
- vTv is based in High Point, North Carolina, United States.
Source: Fundz verified event record.
Who else raised in Medical and Biotechnology around the same time
Companies in the same sectors as vTv that raised within 45 days of this round, from Fundz verified event records.
- Neochord raised $2.9M (Seed) on September 8, 2022.
- Tetra Bio-Pharma Inc. raised an undisclosed amount (Funding Round) on September 8, 2022.
- Otolith Labs raised $20M (Series A) on September 7, 2022.
- Abivax raised $49M (Funding Round) on September 2, 2022.
- Fresenius Medical Care raised $3.6M on September 2, 2022.
- Monteris Medical raised $14M on September 2, 2022.
Who to call at vTv, and when
A new round usually means vTv is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day vTv raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at vTv, from your own LinkedIn network
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Fundz sees it the moment vTv raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
vTv raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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