Fundraising Fox

Promakhos Therapeutics

YC S21

Boston, US · Founded 2021 · Delaware corporation · 2 employees · 4 known investors

Promakhos Therapeutics develops immunomodulatory therapies to restore immune system balance and reduce chronic inflammation in diseases like Crohn's disease, ankylosing spondylitis, and psoriasis. The company targets patients with inflammatory diseases who do not benefit from current immunosuppressive treatments.

Also known as Promakhos Therapeutics Inc. · Promakhos

BiotechHealthtechTherapeuticsUnited States of AmericaAmerica / Canada

Founders & leadership· Y Combinator alumni (S21)

Promakhos Therapeutics was founded in 2021 by Katerina Chatzi, Jasper Edgar Neggers, and AIKATERINI CHATZI.

KCKaterina Chatzi
Katerina ChatziinFounder & CEOKaterina Chatzi conducted postdoctoral research at Harvard and has performed research across four countries. She founded Promakhos Therapeutics to develop approaches to autoimmune disease treatment.
JEJasper Edgar Neggers
Jasper Edgar NeggersinCo-Founder, Chief Scientific Officer, SecretaryHe holds a PhD in Biomedical Sciences from KU Leuven and previously worked at Dana-Farber Cancer Institute and the Broad Institute, where he focused on drug target identification and validation for gastrointestinal cancers.
AC
AIKATERINI CHATZICo-founder

Investors · 4

Reported raises · per SEC filings

Form D private placements

$2.2M disclosed across 1 round · 2021

$2.2MraisedJan 2022 · 25 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • JASPER EDGAR NEGGERSExecutive Officer, Director
  • AIKATERINI CHATZIExecutive Officer, Director, Promoter
Offering amount
$2.2M
Amount sold
$2.2M
First sale
Mar 2021
Incorporated
Corporation, Delaware, 2021
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

Promakhos Therapeutics is a Boston, Massachusetts-based biotechnology company founded in the spring of 2021 that develops therapies for chronic inflammatory diseases. Rather than suppressing the immune system, the company's stated approach is to restore the immune system's natural ability to manage inflammation and allow tissue healing, addressing what it describes as the root causes of disease rather than symptoms.

The company frames the clinical problem as a dysfunctional immune response producing chronic inflammation that damages the body and can lead to further disease. It cites Crohn's disease, ankylosing spondylitis and psoriasis as examples of conditions where current therapies work largely by immunosuppression and where, according to the company, only about 25% of patients benefit long term. Promakhos describes itself as a team of entrepreneurs, scientists and drug discovery professionals working on transformative medicines derived from insights into patient biology.

Founding story

Promakhos Therapeutics was founded in spring 2021 by Katerina Chatzi, Ph.D., and Jasper E. Neggers, Ph.D. Chatzi, who serves as Chief Executive Officer and President, conducted biomedical research for over 15 years across four countries on bacterial secretion, protein folding, antibiotic resistance and cell cycle regulation, beginning at the University of Crete with work on tolerogenic immunosuppression during pregnancy in mice, followed by research at Uppsala University, a Ph.D. in biochemistry and microbiology, a research fellowship at KU Leuven in Belgium, and a postdoctoral position in molecular and cellular biology at Harvard University. Participation in business development programs in the Harvard and Massachusetts ecosystems led her to assemble a team and start the company. Neggers, Chief Scientific Officer and Secretary, completed his Ph.D. in functional genomics and chemical biology at the Rega Institute for Medical Research at KU Leuven, where he was among the early scientists to apply CRISPR/Cas to engineer human cells, collaborated with Karyopharm Therapeutics on the mechanism of action of selinexor (XPOVIO) and KPT-9274, and invented a CRISPR-based genetic screening approach for drug target identification. He subsequently worked as a postdoctoral fellow at the Dana-Farber Cancer Institute and the Broad Institute of MIT and Harvard on cancer target identification and validation, held a Damon Runyon Cancer Research Foundation fellowship and received a National Cancer Institute Pathway to Independence Award, but declined an academic path and the associated grant funding to co-found the company.

Traction

The company states on its website that it is externally funded, and lists clinical and scientific advisors including Joshua R. Korzenik, M.D., Associate Professor of Medicine at Harvard Medical School, Resnek Family Distinguished Chair in Gastroenterology and Hepatology and founding director of the Crohn's and Colitis Center at Brigham and Women's Hospital.

Full profile — market position, technology, go-to-market, geography

Market position

An early-stage drug discovery company positioned against existing immunosuppressive treatments for chronic inflammatory disease, which it characterizes as symptom-directed and effective long term in only about a quarter of patients.

Positions its medicines as restoring immune system balance and function rather than suppressing immunity, and as targeting underlying disease mechanisms identified from patient samples.

Technology

The company's approach relies on insights drawn from patient samples to develop immunomodulatory medicines intended to restore immune system function and the body's control of inflammation, in contrast to therapies that block or suppress immune activity. Founder backgrounds span immunology, biochemistry, microbiology, cell biology, functional genomics, CRISPR/Cas-based genetic screening, and therapeutic target identification and validation.

Go-to-market

Patients with chronic inflammatory diseases, including Crohn's disease, ankylosing spondylitis and psoriasis, particularly those who do not achieve long-term benefit from existing immunosuppressive therapies.

Geography

Headquartered in Boston, Massachusetts, United States.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
HeadcountAug 20264
Share of patients benefiting long term from current chronic inflammatory diseaseJan 202125%

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

Non-dilutive funding · 1 SBIR/STTR award

Federal grants — no equity taken
AgencyPhaseYearAmount
National Institutes of Health (NIH)National Institutes of HealthPhase I2023$271.9K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Legal entities · 1

corporate structure
Promakhos TherapeuticsDelaware

Research sources · 1

primary sources listed

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

Frequently asked questions

What does Promakhos Therapeutics do?
Boston biotech developing immunomodulatory therapies that aim to restore immune balance in chronic inflammatory diseases.
Who founded Promakhos Therapeutics?
Promakhos Therapeutics was founded by Katerina Chatzi, Jasper Edgar Neggers, AIKATERINI CHATZI in 2021.
Who are Promakhos Therapeutics's investors?
Promakhos Therapeutics's investors include Founders, Metaplanet, Y Combinator, ZAKA VC.
How much funding has Promakhos Therapeutics raised?
Promakhos Therapeutics has disclosed $2.2M raised across 1 round.
Where is Promakhos Therapeutics headquartered?
Promakhos Therapeutics is headquartered in Boston, US.