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To date, ONL has raised nearly $15 million through a combination of traditional financing efforts and securing of research grants.

In prior financing, the company completed a $4.25 million Series A financing round that involved both existing and new investors including Novartis, the University of Michigan’s Michigan Investment in New Technology Startups (MINTS) program, Capital Community Angels, Invest Michigan, Biosciences Research & Commercialization Center and Hestia Investments.

Most recently, the company completed a $3 million convertible note financing. Participation in the financing was a balance of current investors, ONL management, and new investors. The largest new investor in the company is InFocus Capital Partners, a leading venture capital firm focused on unique investments in the ophthalmology market.

The proceeds from the convertible note financing, combined with a recent grant from the National Eye Institute, enables ONL to complete an ongoing Phase I clinical study in retinal detachment and perform activities to enable chronic indications with significant unmet needs.

To find out more about investing in ONL Therapeutics, please contact us at:

ONL Therapeutics
1600 Huron Pkwy
Building 520, Second Floor
Ann Arbor, MI 48109