/Companies

Thermalin Inc.

Waban, US · Founded 2016 · 6 known investors

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Developer of next-generation insulin solutions

Founders & leadership

RB
Richard BerensonNamed on SEC filing
DC
David C. SweeneyNamed on SEC filing

Board

TXTim Xiao
Tim XiaoBoard Member2018–2021Partner at Delos Capital
JB
John BrooksMr. Brooks is the Chairman of the Board of Directors.

Investors · 6

Also in the syndicate · 1

JSR mblVC LifeScience Investment L.P.

Reported raises · per SEC filings

Form D private placements

$19.5M disclosed across 2 rounds · 2017–2019

▶$17.1MraisedAug 2019 · 6 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • David C. SweeneyDirector
  • John BrooksDirector
  • Tim XiaoDirector
  • Richard BerensonExecutive Officer, Director, Promoter
Offering amount
$23M
Amount sold
$17.1M
Sales commissions
$367.3K
First sale
Jul 2017
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.3MraisedAug 2019 · 5 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Richard BerensonExecutive Officer, Director, Promoter
  • Tim XiaoDirector
  • David C. SweeneyDirector
  • John BrooksDirector
Offering amount
$10.8M
Amount sold
$2.3M
Sales commissions
$58K
First sale
May 2019
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

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

Non-dilutive funding · 3 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
National Institutes of Health (NIH)National Institutes of HealthPhase II2020$3M
National Institutes of Health (NIH)National Institutes of HealthPhase I2019$276.3K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase ISTTR2019$224.1K

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.

Frequently asked questions

What does Thermalin Inc. do?
Developer of next-generation insulin solutions
Who are Thermalin Inc.'s investors?
Thermalin Inc.'s investors include Delos Capital, Robin Hood Ventures, Green Park & Golf Ventures, Jumpstart Ventures, Sanofi Ventures.
How much funding has Thermalin Inc. raised?
Thermalin Inc. has disclosed $19.5M raised across 2 rounds.
Where is Thermalin Inc. headquartered?
Thermalin Inc. is headquartered in Waban, US.