Seaport Therapeutics closes $225 million financing

21 October 2024

Boston, USA-based Seaport Therapeutics has announced the closing of an oversubscribed $225 million Series B financing round, adding to the $100 million it pulled in along with its launch in April.

Seaport is a PureTech Health (Nasdaq: PRTC) founded entity clinical-stage biopharmaceutical company that is advancing novel neuropsychiatric medicines with a proven strategy and team.

Leading the syndicate was General Atlantic, a leading global growth investor, with participation from funds and accounts advised by T Rowe Price Associates, Foresite Capital, Invus, Goldman Sachs Alternatives, CPP Investments and other new investors. Founding investors ARCH Venture Partners, Sofinnova Investments, Third Rock Ventures, and co-founder PureTech Health also participated.

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