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Spiral Therapeutics: Closes $8.25M in Financing

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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

Spiral Therapeutics Closes $8.25M in Financing

  • Spiral Therapeutics, a South San Francisco, CA-based clinical-stage company focused on delivering therapies for inner ear disorders, raised $8.25M in funding
  • The round was led by Savoir Capital and Catalio Capital Management with participation from Humboldt Fund, Savoir Capital and Catalio Capital Management
  • The company intends to use the funds for the continuing development of its lead candidate, SPT-2101, for the treatment of inner ear inflammation
  • The company is a clinical-stage company focused on delivering therapies for inner ear disorders
  • Its novel drug delivery platform allows for minimally invasive, precise and durable exposure of drugs to the cochlea
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