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ProteoTech

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Therapeutics and diagnostics for amyloid diseases

Kirkland, United StatesFounded 1996Biotech & Life Sciences
Valuation $50–100M Last recorded · 2011
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About ProteoTech

ProteoTech, Inc. was a privately held drug development company established in 1996 and headquartered in Kirkland, Washington. The firm, which also operated under the name Proteoglycan Technologies, Inc., concentrated its research and development efforts on creating therapeutics and diagnostics for amyloid diseases, which are characterized by misfolded proteins. The company’s primary mission was to inhibit the formation and accumulation of amyloid protein aggregates found in the brains of patients with Alzheimer's disease, as well as targeting similar protein-related issues in Parkinson's disease, type 2 diabetes, and systemic amyloidosis.

The company's business strategy was centered on its proprietary technology, secured through a worldwide exclusive license from the University of Washington. This allowed ProteoTech to develop three classes of compounds designed to disrupt the amyloid fibril process. Revenue generation was based on a hybrid model common in the biotechnology sector, involving technology partnering and asset out-licensing. A key example of this was the co-development agreement with Tianjin-based Tasly Pharmaceutical for its small-molecule therapeutic, Exebryl-1, aimed at treating Alzheimer's disease. Under this agreement, ProteoTech received upfront payments and research funding, retaining rights for the U.S. and other international markets while Tasly acquired rights for China.

ProteoTech developed a pipeline of therapeutic candidates. This included Systebryl™ for AL amyloidosis, Synuclere™ for Parkinson's disease, and PeptiClere™ for Alzheimer's disease, all of which were in late-stage pre-clinical development. The company also explored natural compounds, identifying an extract from the plant *Uncaria tomentosa* (cat's claw) as a potent inhibitor of both beta-amyloid plaques and tau protein tangles, key factors in Alzheimer's progression. While the company secured significant funding and advanced several compounds, multiple sources indicated that the firm ceased operations around 2016.

Source: Dealroom company data

At a glance

Status
Operational
Founded
1996
Headquarters
Kirkland, United States
Employees
4
Open positions
None listed
Dealroom signal
28.6/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Spinout, Biotech and Pharma, DT and LS, science-based

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Jun 2011 $10M $40M Undisclosed —
DEBT✓Debt Apr 2009 $519K — Undisclosed —
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Growth signals

ProteoTech website traffic

Latest recorded traffic for ProteoTech is 0 monthly website visits. ProteoTech's team grew 0% over the past year.

Latest monthly visits0 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

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

Investors

1 investor on the cap table

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

Other known investors1 additional known investor

  • University of Washington
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 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 · Kirkland HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about ProteoTech 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

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