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Series B round brings in $38.5mm for Otonomy

Executive Summary

Three months after closing its $10mm Series A venture round, Otonomy Inc. (therapeutics for ear disorders) has raised $38.5mm through its Series B. Novo Ventures and RiverVest Venture Partners co-led the financing and were joined by fellow new backers Domain Associates and TPG Biotech (all contribute one board member) and current shareholder Avalon Ventures. Otonomy will use the funds to continue developing Phase Ib OTO104 for Meniere's disease and preclinical OTO203 for otitis media.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
    • Drug Delivery
      • Controlled Release
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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