Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

Chrono Therapeutics

Explore full profile

Device to help smokers overcome their addiction

Waltham, United StatesFounded 2004Biotech & Life Sciences
Valuation $100–500M Latest valuation · 2016
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Chrono Therapeutics and the history behind them.

About Chrono Therapeutics

Chrono Therapeutics, founded in 2004 by Guy DiPierro, operated as a pharmaceutical company focused on addiction and disease management through programmable transdermal drug delivery (TDD). The company is now listed as out of business. The firm's strategy centered on combining wearable technology with timed medication release and real-time behavioral support to improve patient outcomes. Over its lifetime, the company raised approximately $82.2 million through multiple funding rounds, including a $32 million Series A in 2014 and a $47.6 million Series B in 2016. Notable investors included Kaiser Permanente Ventures, Canaan Partners, 5AM Ventures, Mayo Clinic, and GE Ventures.

Read full description

The company's flagship product was SmartStop™, a wearable device designed to help people quit smoking. This system delivered nicotine transdermally at specific times to preemptively address predictable craving patterns, such as upon waking and at mealtimes. The device, which could be worn as a wristband, armband, or adhesive patch, used replaceable cartridges and was intended for a 10-week treatment program. A key feature was its Bluetooth connectivity to a mobile application that provided real-time behavioral coaching, compliance monitoring, and personalized support to help users manage cravings. This digital health platform aimed to solve the low efficacy rates of traditional nicotine replacement therapies by integrating medication delivery with behavioral intervention.

Under the leadership of CEO Alan Levy, a seasoned executive in medical devices and drug-device combinations, Chrono Therapeutics aimed to expand its platform beyond smoking cessation. The company explored applications for conditions like Parkinson's disease, opioid addiction, and pain management, leveraging its core technology of timed drug delivery synchronized with patient-specific needs. In 2018, David A. Happel succeeded Dr. Levy as CEO to guide the company toward commercialization. The business model was based on selling the proprietary TDD devices and associated pharmaceuticals, supplemented by strategic partnerships with healthcare providers and other pharmaceutical companies.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2004
Headquarters
Waltham, United States
Open positions
None listed
Dealroom signal
59.0/100
Industry
Health
Sub-industry
BioTechnology, Medical Devices
Sector
Biotech & Life Sciences, Visualization, Biotechnology, Leadership, User Behavior, Bluetooth, Wearable, Biotech and Pharma, Addiction, Hard Tech
Technology
IoT InternetOfThings
Business model
Manufacturing

Latest news

Press, funding announcements and product moves mentioning Chrono Therapeutics.

See all news

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Sep 2016 $48M $190M GE Ventures · Mayo Clinic · Endeavour Vision · Fountain Healthcare Partners
GRANTOther financing Aug 2015 $2.3M National Cancer Institute (NCI) · National Institutes of Health
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Chrono Therapeutics website traffic

Latest recorded traffic for Chrono Therapeutics is 160 monthly website visits, down 27.3% over the last three months.

Latest monthly visits160 3-month web change-27.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investors

13 investors on the cap table

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

Seed2 investors entered at this stage

  • National Institutes of Health
  • National Cancer Institute (NCI)

Series A8 investors entered at this stage

  • Canaan
  • 5AM Ventures
  • Fountain Healthcare Partners
  • Mayo Clinic
  • Kaiser Permanente Ventures
  • Endeavour Vision
  • Cameron McLain
  • Hikma Ventures

Series B and later1 investor entered at this stage

  • GE Ventures

Other known investors2 additional known investors

Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Waltham HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Chrono Therapeutics on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Chrono Therapeutics’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.