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Allay Therapeutics
San Jose, US · Founded 2016 · Delaware corporation · 30 employees on LinkedIn · 6 known investors
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Allay Therapeutics develops localized pain management technology designed to deliver several weeks of post-surgical pain relief. The company focuses on supporting patients through recovery following surgery.
Founders & leadership
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Adam GridleyChief Executive Officer2020–2026Adam Gridley brings over 25 years of operational and transactional experience across the biotechnology, medical device, and pharmaceutical sectors, with background leading executive teams at venture-backed startups and established companies through multiple FDA approvals, significant fundraising rounds, and strategic exits. At Allay Therapeutics, he serves as Executive Officer and Director.
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Josh MakowerNamed on SEC filing
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Karun D. NagaNamed on SEC filing
Board
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Leighton ReadBoard director
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Investors · 6
Arboretum Ventureslisted by Arboretum VenturesAnn Arbor · $5M – $15Mvia Paul McCreadie · board
How we know: Arboretum Ventures's portfolio page · board seat on SEC Form D · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
Lightstone Ventureslisted by Lightstone VenturesPortola Valleyvia Hanson S. Gifford, III · board
How we know: Lightstone Ventures's portfolio page · a partner's Signal profile · board seat on SEC Form D · funding news · press coverage · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
New Enterprise Associates (NEA)listed by New Enterprise Associates (NEA)Menlo Park · $200K – $40M
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
SGInnovatelisted by SGInnovateSingapore
How we know: SGInnovate's portfolio page · Not right? Tell us
ClavystBioreportedSingapore
How we know: funding news · press coverage · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$162.6M disclosed across 4 rounds · 2019–2025
▶$45MraisedFeb 2025 · 18 investors · BiotechnologyRule 506(b)
▶$45MraisedFeb 2025 · 18 investors · Biotechnology
Rule 506(b)Officers, directors & promoters on the filing
- Leighton ReadDirector
- Mark DeemDirector
- Nicole VitulloDirector
- Michael A. CarusiDirector
- Tiffany LeDirector
- Adam GridleyExecutive Officer, Director
- Paul McCreadieDirector
- J.C. LopezDirector
- Anselm TanDirector
- Kristen HowellsExecutive Officer
- Offering amount
- $60M
- Amount sold
- $45M
- Minimum investment
- $1
- First sale
- Jan 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$86.9MraisedDec 2023 · 22 investors · BiotechnologyRule 506(b)
▶$86.9MraisedDec 2023 · 22 investors · Biotechnology
Rule 506(b)Officers, directors & promoters on the filing
- Tak CheungDirector
- Josh MakowerDirector
- Michael A. CarusiDirector
- Paul McCreadieDirector
- Nicole VitulloDirector
- Adam GridleyExecutive Officer, Director
- Leighton ReadDirector
- Mark DeemDirector
- Offering amount
- $86.9M
- Amount sold
- $86.9M
- Minimum investment
- $1
- First sale
- Sep 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$15MraisedJul 2021 · 7 investors · Other TechnologyRule 506(b)
▶$15MraisedJul 2021 · 7 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Tak CheungDirector
- Josh MakowerDirector
- Mark DeemDirector
- Leighton ReadDirector
- Michael A. CarusiDirector
- Adam GridleyExecutive Officer, Director
- Karun D. NagaDirector
- Offering amount
- $18M
- Amount sold
- $15M
- Minimum investment
- $1
- First sale
- Apr 2020
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$15.8MraisedFeb 2019 · 14 investors · Other TechnologyRule 506(b)
▶$15.8MraisedFeb 2019 · 14 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Josh MakowerDirector
- Hanson S. Gifford IIIDirector
- Tak CheungDirector
- Leighton ReadDirector
- Michael A. CarusiDirector
- Mark DeemExecutive Officer, Director
- Karun D. NagaExecutive Officer, Director
- Offering amount
- $28.8M
- Amount sold
- $15.8M
- Minimum investment
- $1
- First sale
- Jan 2019
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
4 people who came through Allay Therapeutics went on to found or lead other companies.
Related companies · 5
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In the news
Frequently asked questions
- What does Allay Therapeutics do?
- Allay Therapeutics develops localized pain management technology designed to deliver several weeks of post-surgical pain relief. The company focuses on supporting patients through recovery following surgery.
- Who are Allay Therapeutics's investors?
- Allay Therapeutics's investors include Arboretum Ventures, Lightstone Ventures, New Enterprise Associates (NEA), SGInnovate, ClavystBio, Evonik Venture Capital GmbH.
- How much funding has Allay Therapeutics raised?
- Allay Therapeutics has disclosed $162.6M raised across 4 rounds.
- Where is Allay Therapeutics headquartered?
- Allay Therapeutics is headquartered in San Jose, US.