TrakCel, the leading provider of cellular orchestration technology to aid in the delivery of regenerative therapies, has successfully completed a multi-million dollar investment by San Francisco-based Telegraph Hill Partners to support the company’s global growth activities.
The successful completion of the transaction, following a series of significant new contract wins in the USA and the opening of TrakCel’s US office in Newport Beach California, allows the company to further enhance its technology platform and catalyse its ambitious global growth plans.
"We believe we have found the perfect strategic partners in Telegraph Hill Partners. We are very enthusiastic about the expertise and experience that they bring," said Ravi Nalliah, CEO of TrakCel. "The team, together with the financial support provided by this transaction, will allow TrakCel to accelerate the development of our full suite of cellular orchestration delivery technologies. TrakCel’s Cellular Orchestration Platform (COP), allied to our growing partner ecosystem, will provide our customers a powerful delivery platform to enable commercialization of both current and next generation personalized therapies and novel treatments for many diseases."
“THP’s growth investment in TrakCel is the result of our global search to identify and invest in companies positioned to become the leaders providing the infrastructure required to support commercially successful cell and gene therapies,” said Matt Mackowski, Chairman of THP. “Bringing decades of expertise in pharmaceutical supply chain and information technologies, TrakCel’s team is in the process of scaling up the most advanced cell therapy management system in the field.”
Concurrent with the financing, Matt Mackowski, Tom Raffin M.D., and Rob Hart, CFA from Telegraph Hill Partners, will join the company's Board.
Richard Coppock, Principal at RCA Corporate Advisors acted for TrakCel with specialist law firm Greenaway Scott providing legal services on the transaction.
Nigel Greenaway of Greenaway Scott, said: "It is exciting to continue be part of TrakCel’s growth. We have supported the company from its inception and are delighted to continue working alongside them through this period of sustained growth and development. TrakCel is an excellent example of the development and growth of the life science sector here in Wales."
TrakCel's cell, gene and immunotherapy management solution improves clinical study efficacy and accelerates global scale-up and scale-out by implementing communications technology to integrate the delivery path from needle-to-needle. The technology provides interactive instructions to professionals across the supply chain and gives stakeholders on-demand visibility of procedural results and chain-of-custody data for immediate traceability, validation and compliance audits.
TrakCel technology is increasingly being adopted by leaders in the cell, gene and immunotherapy industry. TrakCel is headquartered in Cardiff, Wales with a US office in Newport Beach, California.
11 Raleigh Walk
Brigantine Place Cardiff,
UK, CF10 4LN
About Telegraph Hill Partners
Telegraph Hill Partners manages private equity growth funds dedicated to building advanced technology businesses in life sciences, medical technology and healthcare. THP manages over $600M and is based in San Francisco and La Jolla, CA.
For more information, visit www.thpartners.net
View source version on businesswire.com: http://www.businesswire.com/news/home/20161018006234/en/Business Wire
Last updated on: 18/10/2016
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