Function Therapeutics, Inc.

Milwaukee, WI · Biotech · Private

Parmodulins, a novel class of small-molecule allosteric modulators of protease-activated receptor 1 (PAR1) for treating sickle cell disease

function-therapeutics.com →
Grants
$2.0M
7 awards
Sector median: 1
Raised
—
No Form D on record
Contracts
—
No federal contracts on record
Patents
—
No published records under this name
Sector median: 2

Capital Timeline

Federal above the line · equity below · node area scaled to amount
Capital and federal award history
DateEventSourceAmount
Federal grantNational Science Foundation · Phase I · SBIR Phase I: Structure-guided design of anti-inflammatory modulators of protease-activated receptor 1 (PAR1)$274,710
Federal grantDepartment of Health and Human Services · Phase I · Allosteric Modulation of PAR1 for the Treatment of Sickle Cell Disease$299,790
Federal grantDepartment of Health and Human Services · Phase I · Inhibitors of Thromboinflammation for Acute Kidney Injury$325,000
Federal grantDepartment of Health and Human Services · Phase I · Small Molecule PAR1 Ligands for the Treatment of MASH$463,714
Federal grantDepartment of Health and Human Services · Phase I · Inhibitors of Thromboinflammation for Acute Kidney Injury$88,907
Federal grant· 1 of 2 same dayDepartment of Health and Human Services · Phase I · Small Molecule PAR1 Ligands for the Treatment of MASH$39,740
Federal grant· 2 of 2 same dayDepartment of Health and Human Services · Phase I · Parmodulins without Abuse Potential for the Treatment of Neuropathic Pain$499,863
Federal grant · SBIR/STTR

Peer position

Biotech · 4373 companies · ranked on federal contract value
Biotech companies ranked by federal contract value
#CompanyContractsDisclosed equity
1782BIOMORPH TECHNOLOGIES LLC——
1783LIPO-IMMUNO TECH, LLC——
1784Sisu Pharma, Inc.—$1.7M
1785Function Therapeutics, Inc.——
1786SmartLife, Inc.—$225K
1787Evofem Biosciences, Inc.—$86M
1788AGILE THERAPEUTICS INC—$81M

Ranked on federal contract value rather than capital raised. The equity column is the comparison worth making — companies at the same procurement position often sit at very different points in their funding history.

Regulatory activity · Biotech

Sector-level, not company-level

Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.