Otonomy Ups Funding By $14.2M

San Diego-based Otonomy, a firm developing products to treat disorders of the inner and middle ear, looks to have pulled in $14.2M more in a tranched financing which was originally announced last August, according to a regulatory filing by the firm this week. According to the filing, the firm has now raised $24.2M out of a $38.8M round. That Series B round had been announced in August, but it appears that the whole round is now coming piecemeal via a tranched financing, based on its filings. In the filing, the firm said the new funding came on May 18th. The firm had announced in August that it had raised $38.8M in a round led by Novo Ventures and RiverVest Venture Partners, and which also included Domain Associates, TPG Biotech, and Avalon Ventures. More information »