Steel Therapeutics
Iowa, US · Founded 2020 · Delaware corporation · 1 known investors
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Steel Therapeutics is a pharmaceutical company that develops a pipeline of drug candidates and manages the associated regulatory, clinical, and product delivery work. It draws on pharmacy compounding and clinical trial expertise to bring medications to market.
Founders & leadership
Steel Therapeutics was founded in 2020 by Matt Stahl, Matt Stahl, PharmD, Robbie Schwenker, PharmD, and Allen Phillips MBA, CMA.





Board
Investors · 1
Reported raises · per SEC filings
Form D private placements$7.1M disclosed across 4 rounds · 2021–2024
▶$2MraisedDec 2024 · 1 investors · Other Health CareRule 506(b)
- Allen PhillipsDirector
- Sunny ChapelDirector
- Benjamin ClarkExecutive Officer, Promoter
- Dennis SparksDirector
- Robbie SchwenkerDirector
- Matthew StahlExecutive Officer, Director, Promoter
- Offering amount
- $2M
- Amount sold
- $2M
- Minimum investment
- $100K
- Proceeds to insiders
- $250K
- First sale
- Nov 2024
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$3MraisedJun 2023 · 1 investors · Other Health CareRule 506(b)
- Dennis SparksDirector
- Benjamin ClarkExecutive Officer, Promoter
- Matthew StahlExecutive Officer, Director, Promoter
- Robbie SchwenkerDirector
- Allen PhillipsDirector
- Offering amount
- $3M
- Amount sold
- $3M
- Minimum investment
- $10K
- Proceeds to insiders
- $600K
- First sale
- Jun 2023
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$1.8MraisedApr 2022 · 8 investors · Other Health CareRule 506(b)
- Allen PhillipsDirector
- Benjamin ClarkExecutive Officer, Promoter
- Robbie SchwenkerDirector
- Matthew StahlExecutive Officer, Director, Promoter
- Dennis SparksDirector
- Offering amount
- $2M
- Amount sold
- $1.8M
- Minimum investment
- $10K
- First sale
- Mar 2022
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$378KraisedJun 2021 · 40 investors · Other Health Care
- Robbie SchwenkerExecutive Officer, Director
- Allen PhillipsExecutive Officer, Director
- Matthew StahlExecutive Officer, Director
- Offering amount
- $400K
- Amount sold
- $378K
- Minimum investment
- $1K
- First sale
- May 2021
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 04
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 4
by search overlapCompanies competing with Steel Therapeutics for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Steel Therapeutics do?
- Steel Therapeutics is a pharmaceutical company that develops a pipeline of drug candidates and manages the associated regulatory, clinical, and product delivery work. It draws on pharmacy compounding and clinical trial expertise to bring medications to market.
- Who founded Steel Therapeutics?
- Steel Therapeutics was founded by Matt Stahl, Matt Stahl, PharmD, Robbie Schwenker, PharmD, Allen Phillips MBA, CMA in 2020.
- Who are Steel Therapeutics's investors?
- Steel Therapeutics's investors include ISA Ventures.
- How much funding has Steel Therapeutics raised?
- Steel Therapeutics has disclosed $7.1M raised across 4 rounds.
- Where is Steel Therapeutics headquartered?
- Steel Therapeutics is headquartered in Iowa, US.

