Peter Thiel backs Berlin start-up making psychedelics in $125 million round [CNBC]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: CNBC
Adam Jeffery | CNBCLONDON — Billionaire tech investor has backed a Berlin start-up aiming to make psychedelic drugs to treat mental health disorders in a $125 million funding round.ATAI Sciences, which describes itself as a drug development platform, was set up to acquire, incubate and develop psychedelics and other drugs that can be used to treat depression, anxiety, addiction and other mental health conditions. The company — founded in 2018 by entrepreneurs Christian Angermayer, Florian Brand, Lars Wilde and Srinivas Rao — announced the funding on Monday."ATAI's great virtue is to take mental illness as seriously as we should have been taking all illness all along," Thiel, who co-founded Palantir and PayPal, said in a statement shared with CNBC. "The company's most valuable asset is its sense of urgency."Thiel made a 10 million euro ($12 million) investment in ATAI through his venture firm, Thiel Capital, while the rest of the series C funding round came from Apeiron Investment Gr
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