Fundraising Fox

Actuate Therapeutics

NASDAQ: ACTU

Fort Worth, US · Founded 2015 · Delaware corporation · 16 employees on LinkedIn · 5 known investors

Clinical-stage therapeutics company focusing on high-impact cancers and inflammatory diseases.

Also known as Actuate Therapeutics Inc. · Actuate Therapeutics, Inc.

Founders & leadership

Actuate Therapeutics was founded in 2015 by Daniel Schmitt.

DS
Daniel SchmittFounder
PL
Paul LytleExecutive
AM
Andrew MazarNamed on SEC filing

Board

TTTodd Thomson
Todd ThomsoninBoard directorChief Operating and Financial Officer at Kairos Venture Investments, Llc
RS
Roger SawhneyBoard director
JK
Jason KeyesBoard director
AGAaron G.L. Fletcher
Aaron G.L. FletcherinBoard MemberManaging Partner and Co-Founder at Bios Partners
LWLeslie Wayne Kreis, Jr.
Leslie Wayne Kreis, Jr.Board directorManaging Partner and Co-Founder at Bios Partners
AR
Amy RonnebergBoard director
DZ
Daniel ZabrowskiBoard director

Investors · 5

Also in the syndicate · 1

Kairos Ventures

Reported raises · per SEC filings

Form D private placements

$77.5M disclosed across 10 of 12 rounds · 2015–2025

$4.7MraisedJul 2025 · 8 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • Todd ThomsonDirector
  • Daniel SchmittExecutive Officer, Director
  • Paul LytleExecutive Officer
  • Roger SawhneyDirector
  • Andrew MazarExecutive Officer
  • Amy RonnebergDirector
  • Daniel ZabrowskiDirector
  • Jason KeyesDirector
  • Aaron G.L. FletcherDirector
Offering amount
$9.3M
Amount sold
$4.7M
First sale
Jun 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$50MofferedApr 2025 · 1 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel SchmittExecutive Officer, Director
  • Andrew MazarExecutive Officer
  • Paul LytleExecutive Officer
  • Aaron G.L. FletcherDirector
  • Daniel ZabrowskiDirector
  • Amy RonnebergDirector
  • Roger SawhneyDirector
  • Jason KeyesDirector
  • Todd ThomsonDirector
Offering amount
$50M
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$3MraisedMar 2024 · 1 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • Aaron FletcherDirector
  • Daniel SchmittExecutive Officer, Director
  • Leslie Kreis, Jr.Director
  • Dan ZabrowskiDirector
  • Todd ThomsonDirector
Offering amount
$5M
Amount sold
$3M
First sale
Feb 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$19.3MraisedDec 2022 · 95 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • Aaron Glenn Louis FletcherDirector
  • Leslie Wayne Kreis, Jr.Director
  • Dan ZabrowskiDirector
  • Todd ThomsonDirector
  • Daniel SchmittExecutive Officer, Director
Offering amount
$50M
Amount sold
$19.3M
Sales commissions
$1.7M
Placement agents
Newbridge Securities Corporation
First sale
Sep 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$14.5MraisedDec 2020 · 14 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel SchmittExecutive Officer, Director
  • Pascal KroteeDirector
  • Alex AndrianopoulosDirector
  • Leslie Wayne Kreis, Jr.Director
  • Aaron Glenn Louis FletcherDirector
Offering amount
$50M
Amount sold
$14.5M
First sale
Nov 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$6.5MraisedNov 2019 · 17 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel M. SchmittExecutive Officer, Director
  • AARON GLENN LOUIS FLETCHERDirector
  • LESLIE WAYNE KREIS, JR.Director
  • ALEX ANDRIANOPOULOSDirector
  • NEIL BAJPAYEEDirector
Offering amount
$6.5M
Amount sold
$6.5M
First sale
Oct 2019
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$21.9MraisedMay 2019 · 21 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • DANIEL M SCHMITTExecutive Officer, Director
  • AARON GLENN LOUIS FLETCHERDirector
  • LESLIE WAYNE KREIS JR.Director
Offering amount
$24M
Amount sold
$21.9M
First sale
Apr 2019
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$4MraisedSep 2018 · 18 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • AARON GLENN LOUIS FLETCHERDirector
  • DANIEL M SCHMITTExecutive Officer, Director
  • LESLIE WAYNE KREIS JR.Director
Offering amount
$4M
Amount sold
$4M
First sale
Aug 2018
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Actuate Therapeutics, Inc. is a clinical-stage biopharmaceutical company developing novel therapeutic agents for patients with cancer or inflammatory diseases. Its lead candidate, elraglusib (previously identified as 9-ING-41), is a small-molecule inhibitor of glycogen synthase kinase-3 (GSK-3), specifically GSK-3β. The company positions elraglusib as acting on multiple molecular pathways implicated in tumor growth and in resistance to conventional cancer drugs such as chemotherapy, and describes it as also acting as a mediator of anti-tumor immunity through inhibition of multiple immune checkpoints and regulation of immune cell function. The stated development goal is to slow, stop, or shrink tumors in hard-to-treat cancers with minimal adverse effects.

The scientific rationale centers on GSK-3β, whose activity and overexpression have been linked to cancer, Alzheimer's disease, bipolar disorder, type II diabetes mellitus, and inflammatory conditions leading to fibrosis. In oncology, GSK-3β has been implicated in chemo- and radioresistance in tumor cells, and aberrant nuclear accumulation of GSK-3β is described as a marker specific to malignant rather than benign cells, supporting a targeted-therapy approach.

The clinical program has been anchored by the Actuate 1801 study, a Phase 1/2 histology-agnostic trial of 9-ING-41 as a single agent and in combination with chemotherapy in patients with refractory hematologic malignancies or solid tumors (NCT03678883), with seamless extension into six different 9-ING-41-based chemotherapy combinations. Company-associated records list 10 trials involving 14 active ingredients, including 9-ING-41 alongside gemcitabine, carboplatin, irinotecan, paclitaxel, docetaxel, oxaliplatin, fluorouracil, leucovorin, doxorubicin, lomustine, losartan, retifanlimab and ruxolitinib, and experimental indications spanning pancreatic, lung, breast, colorectal, kidney and bone neoplasms, glioblastoma, glioma, meningioma, lymphoma, neuroblastoma, metastatic disease and primary myelofibrosis.

Founding story

Actuate was founded in 2015 to develop therapeutics targeting glycogen synthase kinase-3β, a target implicated in cancer, neurodegenerative and psychiatric conditions, diabetes and fibrotic inflammatory disease, and was backed by venture investors including Bios Partners and Kairos Ventures, which invested in 2018.

Business model

Actuate develops proprietary small-molecule drug candidates in-house and states it is open to partnerships with academic and scientific organizations; it has no marketed drug or approved NDA to date.

Traction

The Actuate 1801 Phase 1/2 trial dosed its first patient at Brown University/Rhode Island Hospital in January 2019 and enrolled over 70 patients by November 2019, recruiting at Brown University Rhode Island Hospital, UCSF Helen Diller Family Comprehensive Cancer Center, Miami Cancer Institute, Mayo Clinic and Sanford Research. Later milestones reported by investor Kairos Ventures include positive Phase 1 results in pediatric sarcomas with complete and partial responses (July 2025), publication of positive Phase II data for elraglusib with platinum chemotherapy (December 2025), and a Nature Medicine publication reporting a doubling of 12-month survival with elraglusib plus chemotherapy in previously untreated metastatic pancreatic ductal adenocarcinoma (April 2026).

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

A privately held clinical-stage oncology company whose lead asset is in Phase 2 development, with a GSK-3β-directed mechanism it describes as a novel drug class for cancer and select inflammatory diseases.

Focus on GSK-3β as a target that is aberrantly accumulated in the nucleus of malignant but not benign cells; the company cites multi-pathway activity, reversal of resistance to cytotoxic agents, immune checkpoint inhibition and a tolerability profile without clinically significant adverse events or myelosuppression reported to date.

Technology

Elraglusib (9-ING-41) is a small-molecule inhibitor of glycogen synthase kinase-3 beta (GSK-3β), a target implicated in tumor growth, chemo- and radioresistance, immune checkpoint activity and fibrotic disease. Company materials describe preclinical activity in reversing pathologic fibrosis and an absence of myelosuppression, and an oral formulation of elraglusib has been developed in addition to the injectable program.

Go-to-market

Development is pursued through investigator networks at leading oncology institutions, investigator-initiated trials with physician/scientist collaborators, and collaborations with industry and academic partners such as Incyte Corporation and the University of Pittsburgh; the company also engages investors through life sciences conferences.

Patients with hard-to-treat cancers, including adults with refractory solid tumors and hematologic malignancies, pediatric and adolescent patients with neuroblastoma and Ewing sarcoma, and patients with myelofibrosis; clinical development is conducted through oncology research institutions.

Geography

Offices in Chicago, Illinois and Fort Worth, Texas, with clinical trial activity across research institutions in the United States and Europe.

History

Founded in 2015 with operations in Chicago, IL and Fort Worth, TX, Actuate began its first clinical trial in 2018 (NCT03678883) and treated the first patient in the 1801 study in early 2019. It raised a $21.7 million Series B led by Kairos Ventures, followed by a $6.5 million Series B-3 in November 2019 led by Bios Partners that brought Series B totals above $28.2 million, funding expansion of the 1801 trial, a Phase 2 myelofibrosis study and a pediatric neuroblastoma program. Subsequent development advanced elraglusib into pancreatic cancer, Ewing sarcoma and other indications, with regulatory interactions with the FDA and EMA and FDA clearance of an IND for an oral formulation reported in May 2026.

Risks & controversies

As a clinical-stage company with no marketed or approved product, Actuate depends on the outcome of ongoing trials, regulatory decisions by the FDA and EMA, and continued financing from venture investors.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Highest clinical development phaseJan 2022Phase 2
Marketed drugs / NDA approvalsJan 2022None
Number of clinical trialsJan 202210 trials
Patients enrolled in Actuate 1801 Phase 1/2 trialNov 201970 patients
Total Series B funding raisedNov 2019$28.2M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 4

by search overlap

Companies competing with Actuate Therapeutics for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 10

launches, deals, and filings
May 2026
FDA clearance of IND for oral elraglusib

Company announced FDA clearance of its IND application for an oral formulation of elraglusib alongside strategic initiatives to advance the elraglusib development program.

source ↗

Apr 2026
Nature Medicine publication reports doubling of 12-month survival in metastatic pancreatic cancer

Clinical trial results published in Nature Medicine showed that adding elraglusib to chemotherapy doubled 12-month survival in previously untreated metastatic pancreatic ductal adenocarcinoma.

source ↗

Mar 2026
Strategic research initiative to combine elraglusib with RAS inhibitors

source ↗

Dec 2025
Publication of positive Phase II data for elraglusib with platinum chemotherapy

source ↗

Sep 2025
Updated clinical data package submitted to FDA

Company provided the FDA with an updated clinical data package to support planned regulatory interactions with the FDA and EMA.

source ↗

Aug 2025
Collaboration with Incyte Corporation and the University of Pittsburgh on Phase 1b trial

Phase 1b clinical trial of elraglusib in combination with retifanlimab and mFOLFIRINOX in patients with advanced pancreatic cancer.

source ↗

Jul 2025
Positive Phase 1 results in pediatric sarcomas advance Ewing sarcoma program

Phase 1 study of elraglusib in pediatric patients reported complete and partial responses in difficult-to-treat sarcomas, supporting advancement of the Ewing sarcoma clinical program.

source ↗

Nov 2019
Actuate Therapeutics completes $6.5 million Series B-3 financing

Series B-3 led by Bios Partners with Kairos Ventures, DEFTA Partners and other existing investors, bringing total Series B funding above $28.2 million; proceeds to initiate a Phase 2 myelofibrosis trial and add a 9-ING-41 plus irinotecan arm to the 1801 study.

$6.5M source ↗

Jan 2019
Actuate Therapeutics completes $21.7 million Series B financing

Series B round led by Kairos Ventures with participation from DEFTA Partners, Tech Coast Angels and existing investor Bios Partners, to expand the Phase 1/2 1801 trial of 9-ING-41, initiate investigator-initiated trials and advance the pediatric neuroblastoma program.

$21.7M source ↗

Jan 2019
First patient treated in Actuate 1801 Phase 1/2 study of 9-ING-41

First patient dosed at Brown University/Rhode Island Hospital in the Phase 1/2 study of 9-ING-41 as a single agent and combined with chemotherapy in refractory hematologic malignancies or solid tumors (NCT03678883).

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Actuate TherapeuticsDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Actuate Therapeutics do?
Clinical-stage biopharmaceutical company developing elraglusib, a GSK-3 inhibitor, for hard-to-treat cancers.
Who founded Actuate Therapeutics?
Actuate Therapeutics was founded by Daniel Schmitt in 2015.
Who are Actuate Therapeutics's investors?
Actuate Therapeutics's investors include Illinois Ventures, Kairos Venture Investments, Llc, Bios, Bios Partners.
How much funding has Actuate Therapeutics raised?
Actuate Therapeutics has disclosed $77.5M raised across 10 of its 12 known rounds.
Where is Actuate Therapeutics headquartered?
Actuate Therapeutics is headquartered in Fort Worth, US.