Last deal

$1M

Amount

Seed

Stage

19.03.2021

Date

3

all rounds

$6.68M

Total amount

date founded

Financing round

General

About Company
Abfero Pharmaceuticals is developing novel therapies for the treatment of iron-overload conditions.

Industry

Sector :

Subsector :

founded date

01.01.2016

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

Abfero Pharmaceuticals is a privately-held clinical stage pharmaceutical company based in Boston and Harwell, UK, that focuses on iron as a therapeutic target. They provide oral iron chelator therapies for patients with systemic iron overload due to transfusions or genetic conditions. Their therapies include treatment of transfusion-related iron overload, age-related macular degeneration, and neurodegenerative disease using small molecules that selectively bind and remove metals from the body. Abfero has completed three clinical trials with their lead iron chelator, SP-420, and aims to address diseases of iron overload, such as TIO and iron accumulation associated with diseases of aging.
Contacts
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M&A Details
1

Transaction name

Acquired by

Pharmacosmos

announced date

11.11.2021

Financials

Funding Rounds
4
3

Number of Funding Rounds

$6.68M

Money Raised

Their latest funding was raised on 19.03.2021. Their latest investor DeepWork Capital. Their latest round Seed

Date 
Funding Round 
Investors 
Money Raised 
Lead 
19.03.2021
1
$1M
16.03.2021
$1M
30.09.2020
1
$4M
DeepWork Capital

DeepWork Capital

DeepWork Capital is an early stage investment firm that invests in high-growth companies in underserved markets.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Venture Capital, Financial Services, Finance

Location

Orlando, FL, USA

count Of Investments

73

count Of Exists

2
DeepWork Capital

DeepWork Capital

DeepWork Capital is an early stage investment firm that invests in high-growth companies in underserved markets.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Venture Capital, Financial Services, Finance

Location

Orlando, FL, USA

count Of Investments

73

count Of Exists

2
Co-Investors
Investors
1
1

Number of lead investors

1

Number of investors

Investor 
Lead 
Round 
Partners 
DeepWork Capital

DeepWork Capital

DeepWork Capital is an early stage investment firm that invests in high-growth companies in underserved markets.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Venture Capital, Financial Services, Finance

Location

Orlando, FL, USA

count Of Investments

73

count Of Exists

2

People

Founders
2
Raymond J. Bergeron
Raymond J. Bergeron

Raymond J. Bergeron

Internationally recognized as a pioneer of iron chelator technology, Dr. Raymond Bergeron is Chief Scientific Officer and a founder of AbFero Pharmaceuticals. Dr. Bergeron is Professor Emeritus, Medicinal Chemistry and Duckworth eminent scholar of drug development, University of Florida, and is a Charter Fellow of the National Academy of Inventors (NAI). Dr. Bergeron has dedicated his career to drug discovery and development in iron overload diseases and cancer with prolific results: he has published more than 200 papers, generated more than 200 patents, and six of his discoveries have reached human clinical trials. Dr. Bergeron graduated from Clark University, earned his PhD in chemistry from Brandeis University, and was a post-doctoral fellow with Nobel Laureate Konrad Bloch at Harvard University.

current job

Abfero Pharmaceuticals
Abfero Pharmaceuticals

Raymond J. Bergeron

Steven Burke

current job

Akebia Therapeutics
Akebia Therapeutics

Steven Burke

Employee Profiles
2

Steven Burke

Co-Founder

Raymond J. Bergeron

Raymond J. Bergeron

Co-Founder & Chief Scientific Officer

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