/Companies

Sagimet Biosciences

NASDAQ: SGMT

Menlo Park, US · 15 known investors

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Sagimet is a clinical-stage biopharmaceutical company developing therapies targeting fatty acid synthase (FASN) for metabolic diseases and oncology. The company advances drug candidates through clinical trials in areas such as metabolic disease.

Founders & leadership

RHRekha Hemrajani
Rekha HemrajaniChief Financial Officer, SVP of Business and Financial Operations2015–2016Rekha Hemrajani is an executive leader with background in life sciences strategy, corporate development, finance, and operations, including prior experience in mergers and acquisitions and investment banking.
MP
Merdad ParseyExecutiveExecutive Officer, Director at 3-V Biosciences
DH
David HappelChief Executive Officer & Director
AG
Andreas GrauerChief Medical OfficerHe is a physician-scientist with over 20 years of pharmaceutical industry experience spanning clinical development, medical affairs, and regulatory strategy across therapeutic areas including endocrinology, oncology, and nephrology, and holds an appointment as Associate Professor of Medicine at the University of Heidelberg Medical School.
TC
Thierry ChaucheChief Financial OfficerThierry Chauche is Chief Financial Officer of Sagimet Biosciences, a clinical-stage biopharmaceutical company developing therapies for metabolic diseases and oncology. He brings experience in biopharma corporate finance, M&A transactions, and investor relations.
MOMarie O'Farrell
Marie O'FarrellChief Scientific Officer
ER
Elizabeth RozekChief Legal & Administrative Officer

Board

DM
David MottBoard directorGeneral Partner at New Enterprise Associates
BSBeth Seidenberg
Beth SeidenbergBoard directorFounding Managing Director at Westlake Village BioPartners
JY
James YoungBoard director
RG
Robert GarlandBoard director
RR
Richard RodgersBoard director

Investors · 15

Also in the syndicate · 7

BalyasnyBlue Owl Healthcare OpportunitiesCaligan PartnersCoastlands CapitalFarallon Capital ManagementGreat Point PartnersWoodline Partners LP

Funding

SEC filings, press & company announcements

$123.9M disclosed across 4 of 7 rounds · 2014–2026

▶$69MraisedJan 2021 · 13 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • George KembleExecutive Officer, Director
  • Dennis HomExecutive Officer
  • Merdad ParseyDirector
  • Beth SeidenbergDirector
  • Gordon RingoldDirector
  • Jason FullerDirector
  • James YoungDirector
  • Richard RodgersDirector
  • Jinzi Jason WuDirector
Offering amount
$80M
Amount sold
$69M
First sale
Dec 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$35.2MraisedFeb 2019 · 19 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • George KembleExecutive Officer, Director
  • Xufang DuanDirector
  • Jason FullerDirector
  • Merdad ParseyDirector
  • David MottDirector
  • Beth SeidenbergDirector
  • Richard RodgersDirector
  • Gordon RingoldDirector
  • Dennis HomExecutive Officer
  • Jinzi Jason WuDirector
  • James YoungDirector
Offering amount
$42.2M
Amount sold
$35.2M
First sale
Feb 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$5.4MraisedJul 2016 · 7 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • James YoungDirector
  • David MottDirector
  • Beth SeidenbergDirector
  • Gordon RingoldDirector
  • Jason FullerDirector
  • Merdad ParseyDirector
  • Richard RodgersDirector
  • George KembleExecutive Officer, Director
Offering amount
$12M
Amount sold
$5.4M
First sale
Jun 2016
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$14.3MraisedMar 2015 · 12 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • David MottDirector
  • Rekha HemrajaniExecutive Officer
  • Beth SeidenbergDirector
  • Richard RodgersDirector
  • Gordon RingoldDirector
  • Merdad ParseyExecutive Officer, Director
  • James YoungDirector
  • Robert GarlandDirector
Offering amount
$35M
Amount sold
$14.3M
First sale
Oct 2014
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.

Valuation · disclosed

Disclosed events
$379.7Mvaluation at IPOJan 2024 · $12.50/share · 424B4
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

In the news

Frequently asked questions

What does Sagimet Biosciences do?
Sagimet is a clinical-stage biopharmaceutical company developing therapies targeting fatty acid synthase (FASN) for metabolic diseases and oncology. The company advances drug candidates through clinical trials in areas such as metabolic disease.
Who are Sagimet Biosciences's investors?
Sagimet Biosciences's investors include Altium Capital, HM Venture Partners, Kleiner Perkins, New Enterprise Associates (NEA), BAM Elevate, Biotechnology Value Fund, Blue Owl Capital, Westlake Village BioPartners.
How much funding has Sagimet Biosciences raised?
Sagimet Biosciences has disclosed $123.9M raised across 4 of its 7 known rounds.
Where is Sagimet Biosciences headquartered?
Sagimet Biosciences is headquartered in Menlo Park, US.