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Alebund Pharmaceuticals Raises $54.5 Million In Series B+ Financing Round To Fuel Development Of Renal Disease Treatment

PRIVATESep 14, 2021

Amount Raised

$54.5 Million

Round Type

Series B

ShanghaiBiotechnologyHealth CarePharmaceutical

Description

Alebund Pharmaceuticals ("Alebund" or the "Company"), a biopharmaceutical company dedicated to developing innovative therapies for the treatment of renal diseases and related chronic conditions, today announced that it has secured $54.5 million in its Series B+ financing round. This round was led by 3H Health Investment, Loyal Valley Capital and Morningside Ventures, followed by YuanBio Venture Capital, Octagon Capital, Verition Fund Management and HT Capital. Existing Shareholders including Lilly Asia Ventures, Quan Capital, a prominent sovereign wealth fund, 3E Bioventures Capital and Sherpa Healthcare Partners also took part in the financing. Proceeds raised in this round will help accelerate the development of Alebund's clinical programs, the construction of the manufacturing site, the research of pre-clinical assets, and the expansion of Company's talent pool.

Quick answer

Alebund Pharmaceutical raised $54.5 Million in a Series B round, dated September 14, 2021. Alebund Pharmaceutical is based in Shanghai, Shanghai, China.

How much did Alebund Pharmaceutical raise?
Alebund Pharmaceutical raised $54.5 Million in a Series B round on September 14, 2021.
What does Alebund Pharmaceutical do?
Alebund was incubated in Shanghai in 2018.
Where is Alebund Pharmaceutical based and how big is it?
Alebund Pharmaceutical is based in Shanghai, Shanghai, China. Fundz records about 3 employees.
Who are the decision-makers at Alebund Pharmaceutical?
Fundz holds 1 contact at Alebund Pharmaceutical. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Pharmaceutical and Biotechnology around the same time

Companies in the same sectors as Alebund Pharmaceutical that raised within 45 days of this round, from Fundz verified event records.

  • INNOCAN PHARMA Corp raised $6.6M on October 26, 2021.
  • Newron Pharmaceuticals S.p.A. & EA Pharma Ltd raised an undisclosed amount (Debt Financing) on October 18, 2021.
  • Cingulate raised an undisclosed amount on September 28, 2021.
  • Journey Medical Corporation raised $19M on September 22, 2021.
  • Newron Pharmaceuticals S.p.A. & EA Pharma Ltd raised an undisclosed amount (Debt Financing) on September 6, 2021.
  • Disc raised $90M (Series B) on September 2, 2021.

Who to call at Alebund Pharmaceutical, and when

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Company Information

Company

Alebund Pharmaceutical

Location

Shanghai, Shanghai, China

About

Alebund was incubated in Shanghai in 2018. It focuses on the discovery, development, production and commercialization of novel therapies primarily for kidney diseases and their complications, as well as other chronic conditions, to bring greater therapeutic options to patients in China and globally. Alebund has built a diversified and balanced pipeline of drug candidates targeting a range of renal indications, including chronic kidney disease (CKD)/dialysis complications, IgA nephropathy, diabetic kidney disease, focal segmental glomerulosclerosis (FSGS) and autosomal dominant polycystic kidney disease (ADPKD). Alebund's small molecule manufacturing site in Yangzhou has completed construction and has been in service. Alebund has also established a dedicated commercialization team in China, responsible for the commercial promotion of renal products.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Alebund Pharmaceutical raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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