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Lycia Therapeutics raised $106M in a Series C financing led by Venrock Healthcare Capital Partners for the development of lysosomal targeting chimeras (lytacs) to treat autoimmune and inflammatory diseases.

PUBLIC · LYCAMay 13, 2024

Amount Raised

$106 Million

Round Type

Series C

South San FranciscoBiotechnology

Investors

Franklin TempletonMarshall WaceJanus Henderson InvestorsVenrock Healthcare Capital Partners

Description

Lycia Therapeutics, a startup based in South San Francisco, raised $106 million in a Series C financing led by Venrock Healthcare Capital Partners. The funding will advance the research and development of lysosomal targeting chimeras (lytacs) aimed at treating autoimmune and inflammatory diseases.

Quick answer

Lycia Therapeutics, Inc. raised $106 Million in a Series C round, dated May 13, 2024. Investors: Franklin Templeton, Marshall Wace, Janus Henderson Investors and Venrock Healthcare Capital Partners. Lycia Therapeutics, Inc. is based in South San Francisco, California, United States.

How much did Lycia Therapeutics, Inc. raise?
Lycia Therapeutics, Inc. raised $106 Million in a Series C round on May 13, 2024.
Who invested in Lycia Therapeutics, Inc?
Franklin Templeton, Marshall Wace, Janus Henderson Investors and Venrock Healthcare Capital Partners are named as investors in this round.
What does Lycia Therapeutics, Inc. do?
Lycia is a Series B biotech company building upon the novel platform developed by academic founder Professor Carolyn Bertozzi at Stanford University to develop LYTAC (lysosomal targeting chimera) protein degraders that..
Where is Lycia Therapeutics, Inc. based and how big is it?
Lycia Therapeutics, Inc. is based in South San Francisco, California, United States. Fundz records about 37 employees.
Who are the decision-makers at Lycia Therapeutics, Inc?
Fundz holds 1 contact at Lycia Therapeutics, Inc., including the Chief Medical Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Biotechnology around the same time

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

  • Climb Bio, Inc. raised $42M on June 27, 2024.
  • EPICYPHER raised $3.3M on June 27, 2024.
  • Holoclara raised $16M (Series A) on June 27, 2024.
  • Climb Bio, Inc. raised $120M on June 27, 2024.
  • Vertus Energy raised $9.5M (Seed) on June 27, 2024.
  • CASI Pharmaceuticals raised $15M (Post-IPO Equity) on June 26, 2024.

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Company Information

Company

Lycia Therapeutics, Inc.

Location

400 East Jamie Court, Suite 200

South San Francisco, California, United States

About

Lycia is a Series B biotech company building upon the novel platform developed by academic founder Professor Carolyn Bertozzi at Stanford University to develop LYTAC (lysosomal targeting chimera) protein degraders that harness the cell’s lysosomal trafficking and degradation pathway to target both soluble and membrane-bound extracellular proteins. Applications of the LYTAC platform include: targeting challenging membrane proteins, clearing pathogenic immune complexes in circulation and depleting antibodies to specific antigens of interest. The platform can potentially deliver next-generation therapeutics to address a range of difficult-to-treat diseases, including cancer and autoimmune diseases.

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Related People

1 contact
Verified contactsChin L., Chief Medical Officer hidden hiddenSee plans and pricing
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Lycia Therapeutics, Inc. 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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