Glaxo-backed SpringLeaf raises extra $4m

Jul 11, 2011 • Toby Lewis

The US-based technology platform for drug development backed by GloxoSmithKline's SR One has used extension financing to bump up its latest funding round to $19m.

SpringLeaf Therapeutics, a US-based technology platform, has raised $19m after securing an additional $4m investment for its latest round.

US based life sciences specialist Excel Venture Management provided the additional funds for the Series B round, after SpringLeaf held a first close in May. The round was led by GlaxoSmithKline’s SR One.

Venture capital firms Flybridge Capital Partners and North Bridge Venture Partners reinvested in the round, having invested $12m in its A round in 2008. This means the…

LEADERSHIP SOCIETY

Informing, connecting, and transforming the global corporate venture capital ecosystem.
The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.

Find out more

FUNDING ROUND DATA

Which corporates are backing which startups? Search our corporate deal database.

CVC DIRECTORY

Find details about global CVC units in the CVC Directory

SPECIAL REPORT

Finding a new path: How venture units guide corporations through transformational change

Events

GCV Institute: CVC Investment Programs

Jan 28 -
Jan 29, 2025
Online

Find out more All events

Events

GCV Institute: CVC Investment Programs

Mar 17 -
Mar 18, 2025
Palo Alto, CA (USA)

Find out more All events

Events

GCVI Summit 2025

Mar 18 -
Mar 20, 2025
Monterey, CA (USA)

Find out more All events

Events

GCV Institute: Landing the Value of Corporate Venturing

May 1 -
May 6, 2025
Online

Find out more All events

Events

GCV Symposium 2025

Jun 17 -
Jun 19, 2025
London (UK)

Find out more All events

About us

GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.