/Companies

Sparrow Pharma

Portland, US · Founded 2013 · Delaware corporation · 17 employees on LinkedIn · 5 known investors

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Sparrow Pharmaceuticals is a clinical-stage biopharmaceutical company developing targeted therapies for cardiometabolic disease. Its lead program, clofutriben, is an HSD-1 inhibitor being evaluated in a Phase 2b trial for patients with inadequately controlled type 2 diabetes driven by elevated cortisol.

Founders & leadership

RJRobert Jacks
Robert JacksPresident & CEORobert Jacks is an executive with 25 years of experience in biopharmaceutical product development, strategy, business development, and finance. He has founded or co-founded multiple companies and has raised over $300 million with several successful exits.
DA
David Aaron KatzNamed on SEC filing

Board

JRJonathan Root
Jonathan RootBoard directorGeneral Partner at US Venture Partners
NONiall O'Donnell
Niall O'DonnellBoard directorManaging Director at RiverVest Venture Partners
ZSZach Scheiner
Zach ScheinerBoard of DirectorsPartner at RA Capital
KVKlaus Veitinger
Klaus VeitingerChairman of the BoardVenture Partner at OrbiMed
NL
Nanna L?neborgBoard director
PTPeter Thompson
Peter ThompsonBoard directorGeneral Partner at OrbiMed

Investors · 5

Reported raises · per SEC filings

Form D private placements

$73.3M disclosed across 4 rounds · 2018–2025

▶$61.8MraisedJul 2025 · 17 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • Jonathan RootDirector
  • Niall O'DonnellDirector
  • Zach ScheinerDirector
  • Klaus VeitingerDirector
  • Nanna L?neborgDirector
  • Peter ThompsonDirector
  • Robert JacksExecutive Officer, Director
Offering amount
$121.4M
Amount sold
$61.8M
First sale
Jun 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$10MraisedApr 2024 · 4 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • Peter ThompsonDirector
  • Jonathan RootDirector
  • Klaus VeitingerDirector
  • Niall O'DonnellDirector
  • Robert JacksExecutive Officer, Director
Offering amount
$15.3M
Amount sold
$10M
First sale
Apr 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.1MraisedJan 2021 · 15 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • David KatzExecutive Officer
  • Robert JacksExecutive Officer, Director
  • Peter ThompsonDirector
  • Klaus VeitingerDirector
Offering amount
$50.8M
Amount sold
$1.1M
First sale
Dec 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$337.5KraisedJun 2020 · 10 investors · Pharmaceuticals
Rule 506(b)
Officers, directors & promoters on the filing
  • David Aaron KatzExecutive Officer, Director
Offering amount
$337.5K
Amount sold
$337.5K
Minimum investment
$10K
Sales commissions
$675
Placement agents
Exemplar Capital, LLC
First sale
Aug 2018
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.

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Frequently asked questions

What does Sparrow Pharma do?
Sparrow Pharmaceuticals is a clinical-stage biopharmaceutical company developing targeted therapies for cardiometabolic disease. Its lead program, clofutriben, is an HSD-1 inhibitor being evaluated in a Phase 2b trial for patients with inadequately controlled type 2 diabetes driven by elevated cortisol.
Who are Sparrow Pharma's investors?
Sparrow Pharma's investors include OrbiMed, RA Capital, RiverVest Venture Partners, US Venture Partners, Forbion.
How much funding has Sparrow Pharma raised?
Sparrow Pharma has disclosed $73.3M raised across 4 rounds.
Where is Sparrow Pharma headquartered?
Sparrow Pharma is headquartered in Portland, US.