EmpowerPharm closes initial private placement funding round

EmpowerPharm went out to market to raise $10 million for its initial private placement and completed fundraising efforts in just nine days.

After meticulously crafting a pitch deck, the team shared it with nearly 200 individuals from their networks. Demand for shares was high, with the first commitment for an investment coming back within minutes. The funding round was nearly 50% oversubscribed, causing EmpowerPharm to scale back investment requests. Nearly 65% of the individuals that were offered the opportunity to invest committed funds, with EmpowerPharm raising a total $11.4 million.