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Chlorogen

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Plant made drugs for the treatment and prevention of human diseases and women’s reproductive cancers

St. Louis, United StatesFounded 2002Biotech & Life Sciences
Valuation $50–100M Last recorded · 2007
Total funding $10–50M Disclosed equity funding
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About Chlorogen

Chlorogen, Inc. was a biopharmaceutical company established in 2001 by founder Henry Daniell. The firm was strategically positioned in the biotechnology sector, operating from the Nidus Center for Scientific Enterprise incubator in St. Louis, Missouri. Its core focus was on the development and manufacturing of therapeutic proteins through a proprietary method of genetically engineering tobacco plants. The company is no longer active.

The company's foundational technology centered on chloroplast transformation, a process that inserts foreign genes into the chloroplasts of plant cells. This approach was designed to leverage the high biomass of tobacco plants to increase the yield of therapeutic proteins. A key advantage highlighted for this methodology was its environmental safety profile; by modifying chloroplasts, which are not involved in plant reproduction, the risk of cross-pollinating with conventional crops was significantly mitigated. This technology served as a platform for producing a range of proteins for vaccines and drugs.

Chlorogen's business model involved leveraging its platform to create therapeutic candidates and forming partnerships for commercialization. The company engaged in licensing its chloroplast-transformation technology to agricultural biotech firms, generating revenue streams. A notable collaboration was established with Sigma-Aldrich Corp. to produce and market research-grade proteins, which served to validate the platform. The company's pipeline included protein-based therapies targeting gynecological cancers, such as an ovarian cancer drug based on TGF-beta proteins, and it was exploring partnerships to commercialize vaccines for infectious diseases. Chlorogen successfully raised a total of $11.8 million in venture capital over two rounds. The initial Series A funding of $5.8 million occurred in 2003, followed by a $6 million Series B round in 2006, with participation from investors including Burrill & Co., Prolog Ventures, Finistere Ventures, Harris & Harris Group, and Redmont Venture Partners.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2002
Headquarters
St. Louis, United States
Open positions
None listed
Dealroom signal
0.0/100
Industry
Health
Sub-industry
Pharmaceutical, BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Spinout, Biotech and Pharma, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b
Links
Website

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Sep 2007 $15M $60M Harris & Harris Group · Redmont Venture Partners · Burrill · Finistere Ventures —
SERIES B✓Equity / VC Aug 2005 $6M $24M Burrill · Harris & Harris Group · Redmont Venture Partners · Prolog Ventures —
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

  • Prolog Ventures
  • Burrill
  • Harris & Harris Group
  • Redmont Venture Partners

Series B and later1 investor entered at this stage

  • Finistere Ventures

Other known investors2 additional known investors

  • Colorado State University
  • SFC Capital
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Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · St. Louis HQ
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Market sentiment

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