/Companies

Promentis Pharmaceuticals

Milwaukee, US · Delaware corporation · 3 known investors

Find your way into Promentis Pharmaceuticals

Sign up to see every warm intro you have to Promentis Pharmaceuticals

  • Paths you didn't know you had: your email and LinkedIn already hold routes to the Promentis Pharmaceuticals team. We find them for you
  • 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
  • Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

Promentis Pharmaceuticals is a privately-held biopharmaceutical company developing oral compounds targeting the System xc- glutamate pathway to treat neuropsychiatric disorders. Its lead indication is trichotillomania, and its work extends to other obsessive-compulsive, addictive, and CNS conditions.

Founders & leadership

DBDavid Baker, PhD
David Baker, PhDFounder
DLDaniel Lawton
Daniel LawtonExecutive
TBTom Beck
Tom BeckExecutiveIn Memoriam at F-Prime Capital Partners
CB
Chad BeyerExecutive
CE
Chad E Beyer, PhDExecutive

Board

KVKlaus Veitinger
Klaus VeitingerBoard directorVenture Partner at OrbiMed
SSSteve Squinto
Steve SquintoBoard directorVenture Partner at OrbiMed
SS
Stacey SeltzerBoard directorPartner at Aisling Capital
PS
Patrick Schwarz-SchuetteBoard director
KV
Klaus Veitinger, MD, PhDBoard director
EB
Ed Barthell, MDBoard director
VN
Virinder Nohria, PhDBoard director

Investors · 3

Reported raises · per SEC filings

Form D private placements

$29.7M disclosed across 4 rounds · 2013–2019

▶$2.5MraisedDec 2019 · 8 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • Chad BeyerExecutive Officer
  • Steve SquintoDirector
  • Thomas BeckDirector
  • Patrick Schwarz-SchuetteDirector
  • Klaus VeitingerDirector
  • Daniel LawtonExecutive Officer, Director
  • Stacey SeltzerDirector
Offering amount
$6M
Amount sold
$2.5M
First sale
Dec 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$17.6MraisedSep 2017 · 8 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel LawtonExecutive Officer, Director
  • Chad BeyerExecutive Officer
  • Tom BeckExecutive Officer, Director
  • Steve SquintoDirector
  • Stacey SeltzerDirector
  • Patrick Schwarz-SchuetteDirector
  • Klaus VeitingerExecutive Officer, Director
Offering amount
$17.6M
Amount sold
$17.6M
First sale
Sep 2017
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$8.8MraisedOct 2016 · 8 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel LawtonExecutive Officer, Director
  • Klaus VeitingerExecutive Officer, Director
  • Steve SquintoDirector
  • Tom BeckExecutive Officer, Director
  • Stacey SeltzerDirector
  • Patrick Schwarz-SchuetteDirector
  • Chad BeyerExecutive Officer
Offering amount
$8.8M
Amount sold
$8.8M
First sale
Sep 2016
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$820.2KraisedJan 2014 · 6 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • Klaus Veitinger, MD, PhDDirector
  • David Baker, PhDDirector
  • Ed Barthell, MDDirector
  • Chad E Beyer, PhDExecutive Officer, Director
  • Daniel LawtonDirector
  • Patrick Schwarz-SchuetteDirector
  • Virinder Nohria, PhDDirector
Offering amount
$2.9M
Amount sold
$820.2K
Proceeds to insiders
$240K
First sale
Dec 2013
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

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

Related companies · 2

Companies working in the same space as Promentis Pharmaceuticals.

Non-dilutive funding · 3 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
National Institutes of Health (NIH)National Institutes of HealthPhase I2015$151.4K
National Institutes of Health (NIH)National Institutes of HealthPhase II2012$1.8M
National Institutes of Health (NIH)National Institutes of HealthPhase I2008$508.4K

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.

In the news

Frequently asked questions

What does Promentis Pharmaceuticals do?
Promentis Pharmaceuticals is a privately-held biopharmaceutical company developing oral compounds targeting the System xc- glutamate pathway to treat neuropsychiatric disorders. Its lead indication is trichotillomania, and its work extends to other obsessive-compulsive, addictive, and CNS conditions.
Who founded Promentis Pharmaceuticals?
Promentis Pharmaceuticals was founded by David Baker, PhD.
Who are Promentis Pharmaceuticals's investors?
Promentis Pharmaceuticals's investors include Aisling Capital, F-Prime Capital, OrbiMed.
How much funding has Promentis Pharmaceuticals raised?
Promentis Pharmaceuticals has disclosed $29.7M raised across 4 rounds.
Where is Promentis Pharmaceuticals headquartered?
Promentis Pharmaceuticals is headquartered in Milwaukee, US.