About Thar Pharma
Thar Pharma is a Business Services company based in Pittsburgh (United States) founded in 2008, and was acquired by Gruenenthal Group in November 2016. Improvement and optimization of Drug. Thar Pharma has raised $13.07 million across 7 funding rounds from investors including Gruenenthal Group. Its focus areas include HR Services and Recruitment Services. Its competitors include Cielo, Staffing 360 Solutions and Kelly Services.
Company details
Thar Pharmaceuticals, Inc. was founded in 2008 and is headquartered in Pittsburgh, United States. The company operates in the specialty pharmaceutical sector, where existing drugs are reformulated to enhance bioavailability, safety, and stability through the EnhanceTM Technology platform. This involves molecular modifications with GRAS compounds to improve physicochemical and pharmacokinetic properties, while preserving pharmacology and pharmacodynamics. A pipeline of candidates is being developed for current and new indications.
- Headquarters Pittsburgh, United States
- Stage Acquired
- SectorsBusiness Services
- Website tharpharma.com
- Acquired by Gruenenthal Group (Nov 2016)
- Total Equity Funding$13.07M (USD)
in 7 rounds
- Latest Funding Round$1.37M (USD), Series B
Apr 2016
- Investors
- Acquired byGruenenthal Group
(Nov 2016)
Funding Insights of Thar Pharma
Thar Pharma has successfully raised a total of $13.07M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $1.37 million completed in April 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $13.07M
- Total Rounds 7
- Last Round Series B — $1.37M
- First Round $1.18M
(Feb 2008)
All 7 funding rounds of Thar Pharma with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2016 | $1.37M | Series B | – | – | – |
| Nov 2013 | $3.94M | Series B | – | – | – |
| Apr 2013 | $1.95M | Series A | – | – | – |
| Jul 2012 | $325,000 | Series A | – | – | – |
| Jan 2011 | $4.31M | Series A | – | – | – |
| Dec 2009 | $1.24M | Debt – Conventional | – | – | – |
| Feb 2008 | $1.18M | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Thar Pharma
Thar Pharma has secured backing from 1 investor. Prominent investors backing the company include Gruenenthal Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Specialty biopharmaceutical products are developed internationally by Gruenenthal Group. | 1946 | grunenthal.com | Aachen, Germany |
Investor details for Thar Pharma
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People of Thar Pharma
1 people are tracked at Thar Pharma (1 in leadership).
| Name | Role | Group |
|---|---|---|
Raymond K. Houck | President/CEO | Leadership |
Complete people profiles for Thar Pharma
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Timeline of Thar Pharma
4 dated milestones of Thar Pharma across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Thar Pharma is founded.
- Funding First funding round of $1.2M.
- Funding Latest funding round, Series B, of $1.4M.
- Exit Acquired by Gruenenthal Group.
Competitors of Thar Pharma
Thar Pharma has 3 listed competitors in our database. They include Cielo, Staffing 360 Solutions and Kelly Services.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cielotalent.com | 2005 | Brookfield, United States | 13,347 | HR consulting services in talent acquisition and management are offered. | ||
| staffing360solutions.com | 2009 | New York, United States | 265 | A recruitment service company providing staffing solutions. | ||
| kellyservices.com | 1946 | Troy, United States | Outsourced human resources services are provided globally by Kelly Services. |
Detailed competitors of Thar Pharma
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Top companies in Human Resource & Staffing Services
3 companies that operate in the same segment as Thar Pharma (Human Resource & Staffing Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based HRMS platform is offered for small and medium businesses. | 1988 | Dublin, United States | USD 60 M | USD 5.01 B | 3,600 | |
HR, insurance, and liability services are provided by Alera Group. | 1995 | Deerfield, United States | USD 250 M | |||
Provider of laboratory tests for physicians | 1969 | Burlington, Vermont, United States | USD 13.95 B | 70,000 |
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Related news about Thar Pharma
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Frequently Asked Questions about Thar Pharma
Thar Pharma was founded in 2008.
Thar Pharma is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Thar Pharma is a funded company, having raised a total of $13.07M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.18M, raised on Feb 2008.
Thar Pharmaceuticals, Inc. was founded in 2008 and is headquartered in Pittsburgh, United States. The company operates in the specialty pharmaceutical sector, where existing drugs are reformulated to enhance bioavailability, safety, and stability through the EnhanceTM Technology platform. This involves molecular modifications with GRAS compounds to improve physicochemical and pharmacokinetic properties, while preserving pharmacology and pharmacodynamics. A pipeline of candidates is being developed for current and new indications.
Thar Pharma's top competitors include Cielo, Kelly Services and Staffing 360 Solutions.
Thar Pharma has 1 investor. Key investors include Gruenenthal Group.
Yes. Thar Pharma was acquired by Gruenenthal Group in November 2016.