How Much Did FirstString Research Raise?
Funding & Key Investors

FirstString Research has solidified its position in the clinical-stage biotechnology sector, securing a total capital infusion of $10.2M. This financial trajectory, marked by a recent strategic investment of $203K, underscores the market confidence in the company's proprietary peptide mimetic technology. By leveraging significant backing, the firm continues to advance its core therapeutic pipeline through rigorous clinical validation, positioning itself as a key player in the multi-billion dollar wound care market.

The company's growth narrative is defined by a series of strategic financing rounds, beginning with early-stage capital and evolving into major enterprise-level funding. This progression reflects the successful transition from foundational research at the Medical University of South Carolina to advanced Phase 3 clinical development, demonstrating a robust commitment to addressing unmet medical needs in diabetic foot ulcers and venous leg ulcers.

What is FirstString Research?

FirstString Research
Media & InternetBroadcastingData Collection & Internet Portals

FirstString Research is a specialized biotechnology enterprise focused on the therapeutic application of connexin-based protein signaling. Its flagship asset, Granexin gel (aCT-1), represents a novel approach to wound healing by targeting the C-terminus of connexin43. With positive proof-of-concept data established across multiple randomized, double-blinded clinical trials, the company is effectively bridging the gap between academic innovation and commercial-scale medical solutions. The firm operates at the intersection of regenerative medicine and chronic wound management, targeting a substantial market segment that requires advanced, evidence-based therapeutic interventions.

How much funding has FirstString Research raised?

FirstString Research has raised a total of $10.2M across 4 funding rounds:

2010

Series A

$3.2M

2017

Series B

$6.6M

2020

Debt

$150K

2021

Debt

$203K

Series A (2010): $3.2M, investors not publicly disclosed

Series B (2017): $6.6M, investors not publicly disclosed

Debt (2020): $150K supported by PPP

Debt (2021): $203K featuring PPP

Key Investors in FirstString Research

PPP

Public-Private Partnership

Undisclosed Institutional Backer

Undisclosed investor participating in the funding round.

Undisclosed Institutional Backer

Undisclosed investor participating in the funding round.

What's next for FirstString Research?

Looking ahead, FirstString Research is poised to initiate Phase 3 clinical trials, a critical milestone for the commercialization of Granexin gel. The recent capital injection provides the necessary runway to navigate the complex regulatory landscape and scale manufacturing capabilities to meet anticipated demand in the United States and European Union. As the company moves toward potential market entry, strategic focus will likely shift toward commercial partnerships and the expansion of its intellectual property portfolio. The successful execution of these late-stage trials will be the primary catalyst for long-term value creation, potentially transforming the standard of care for patients suffering from chronic, non-healing ulcers.

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Frequently Asked Questions Regarding FirstString Research Financial Insights

What are the most recent funding rounds that FirstString Research has completed, and what were the funding rounds?
FirstString Research has recently completed 3 funding rounds: Debt on Mar 17, 2021, Debt on Apr 14, 2020, Series B on Oct 1, 2017.
What is the total amount of funding FirstString Research has raised to date?
FirstString Research has raised a total of $10.2M in funding to date.
How many funding rounds has FirstString Research completed?
FirstString Research has completed 3 funding rounds.
How much funding did FirstString Research raise in its most recent funding round?
FirstString Research raised $203K in its most recent funding round.
Who are the lead investors in FirstString Research's latest funding round?
The lead investor in FirstString Research's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in FirstString Research's history?
The largest funding round in FirstString Research's history was $6.6M.
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