# Psilera

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/psilera

- Industry: Biotechnology
- Headquarters: Tampa, US
- Website: www.psilera.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Jul 1, 2021)
- Investors on record: 5

## About

Based in Florida, US, and founded in 2019 by CEO Chris Witowski, and CSO Jackie von Salm, Psilera, Inc., f.k.a. Psilera Bioscience, a.k.a. Psilera is a biotechnology company that uses psychoactive natural products as building blocks to deliver the next generation of neurological drugs for making a significant impact on the mental health and reducing human suffering. In July 2021, Psilera, Inc. raised USD 2.5 million in seed funding led by Iter Investments, with participation from Baird, JLS Fund, and What If Ventures.

The company leverages the experience and expertise of its executives from the pharmaceutical and cannabis industries to develop psychoactive natural products like DMT to create therapies to improve mental health in the areas of mood, cognitive, and substance use disorders. Psilera reimagines psychoactive natural products to deliver the next generation of mindful medicine by making small changes to the chemical structure of psychedelics to reduce hallucinations and other side effects. The company’s product pipeline includes a DMT patch, a non-hallucinogenic transdermal patch targeting social anxiety disorder; DMT intranasal, an intranasal formulation for quick onset and short duration psychedelic doses; psilacetin patch, a transdermal patch formulation of psilocin prodrug targeting substance use disorder; PSIL-002, a lead DMT analog undergoing dose, psychedelic, and indication supportive studies; and multiple NCEs.

## Funding rounds

- Seed, Jul 1, 2021, $2.5M — What If Ventures, Baird, Iter Investments, JLS Fund, Receptor Partners

## Investors

- What If Ventures (https://capitalatlas.ai/funds/what-if-ventures) — Seed
- Baird — Seed
- Iter Investments (https://capitalatlas.ai/funds/iter-investments) — Seed
- JLS Fund (https://capitalatlas.ai/funds/jls-fund) — Seed
- Receptor Partners (https://capitalatlas.ai/funds/receptor-partners) — Seed