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Home » Topics » Private » Series A

Series A
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Photo of Loong Wang, Thong Le and Alice Chen
Drug Design, Drug Delivery & Technologies

Automera launches with $16M series A funding to tackle protein degradation

Oct. 31, 2023
By Tamra Sami
Fledgling biotechnology company Automera has launched in Singapore with $16 million in series A funding to develop its autophagy-targeting chimera small molecules (AUTACs) platform technology. Automera co-founder and chief technology officer Loong Wang told BioWorld that he and his business partner, Taiyang Zhang, decided to move into the biotechnology space in 2021.
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Photo of Loong Wang, Thong Le and Alice Chen
Drug Design, Drug Delivery & Technologies

Automera launches with $16M series A funding to tackle protein degradation

Oct. 27, 2023
By Tamra Sami
Fledgling biotechnology company Automera has launched in Singapore with $16 million in series A funding to develop its autophagy-targeting chimera small molecules (AUTACs) platform technology. Automera co-founder and chief technology officer Loong Wang told BioWorld that he and his business partner, Taiyang Zhang, decided to move into the biotechnology space in 2021.
Read More
Peter Fedichev, CEO and co-founder, Gero
Newco news

Longevity AI-biotech Gero raises $6M in series A round for aging research

Oct. 26, 2023
By Marian (YoonJee) Chu
“Aging is not only slow, but it is irreversible, and that is what most people have been suspecting,” Gero Pte Ltd.’s CEO Peter Fedichev recently told BioWorld. “[But] aging is not an inevitable part of human existence.” By setting limits to what science can do – and not do – for aging, the Palo Alto, Calif.- and Singapore-based generative artificial intelligence (AI) biotech Gero is trying to figure out and, at the same time help the industry, “see what is actionable, reversible and what may not be” to help people avoid “hitting their heads against the wall” when tackling aging and aging-related diseases.
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Gold dollar sign

Junction functions fine for Triveni with $92M series A to push atopic dermatitis program

Oct. 26, 2023
By Randy Osborne
The atopic dermatitis space gained another player in Triveni Bio Inc., which pulled down a $92 million series A financing co-led by Atlas Venture and Cormorant Asset Management to pay for a proof-of-concept study with lead program, TRIV-509, and boost the Waltham, Mass.-based firm’s broader pipeline.
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Skin irritation on hands
Dermatologic

Triveni Bio launches to develop treatments for I&I disorders

Oct. 26, 2023
Triveni Bio Inc. has announced a $92 million series A financing that will support the advancement of its lead antibody program, TRIV-509, from preclinical development to a phase IIa clinical trial in atopic dermatitis and fuel a pipeline of novel antibodies with two additional development candidate nominations expected in 2024.
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Lungs
Newco news

Aiolos’ $245M series A advances asthma drug with twice-a-year dosing

Oct. 24, 2023
By Karen Carey
With one of the higher series A rounds for 2023, the newly launched Aiolos Bio Inc. pulled in $245 million to advance its lead product, AIO-001, an anti-thymic stromal lymphopoietin monoclonal antibody set to enter a phase II trial for moderate to severe asthma.
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DNA in drug capsules

$85M series A fortifies Rampart push in DNA-based therapies

Oct. 24, 2023
By Randy Osborne
Emerging from stealth mode, Rampart Bioscience Inc. pulled down $85 million in series A money for work on DNA-based drugs – a round that was led by Forbion with participation from seed investor Orbimed and new backers RA Capital Management and Healthcap.
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3D Euro symbol
Newco news

Aboleris amasses $28.7M in series A to advance antibody for autoimmune conditions

Sep. 27, 2023
By Caroline Richards
Aboleris Pharma has closed a €27.3 million (US$28.7 million) series A financing, funds it plans to put toward progressing into the clinic a monoclonal antibody against a novel T-cell target with “first-in-class potential” to treat rheumatoid arthritis. The Gosselies, Belgium-based company’s antibody, ABO-21009, is designed to “rebalance” the immune system by inhibiting CD45RC, a protein expressed on the surface of a subset of disease-causing T cells.
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Macrophage releasing cytokines as a part of the body's immune response.
Newco news

Not just another cytokine? Simcha looks to rejuvenate IL-18 field with decoy resistance

Sep. 20, 2023
By Caroline Richards
Although preclinical studies of genetically engineered interleukin-18 (IL-18) historically indicated its potential in cancer treatment, interest in the cytokine languished after GSK plc shelved its IL-18 therapeutic on lack of responses in a phase II melanoma trial. But in 2020, Yale University-based professor of immunobiology Aaron Ring set about reviving IL-18 as a cancer therapeutic. He went on to engineer a decoy-resistant form of IL-18 and then founded Simcha Therapeutics Inc. to develop the drug – named ST-067.
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Gold dollar sign inside gold cog

Pass the (molecular) glue: Magnet school teaches new way with $50M series A

Sep. 19, 2023
By Randy Osborne
Magnet Biomedicine Inc. emerged from stealth mode and pulled down a $50 million series A round co-led by founding investor Newpath Partners alongside Arch Venture Partners. The firm is advancing molecular glue discovery by way of rational selection and design, looking past known protein-protein interactions and what Magnet calls “tangential” degradation approaches to analyze the broader protein landscape and ultimately pair targets with rationally chosen presenters in the tissue where the disease manifests.
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