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Glubio Completes Series A+ Financing Of $22 Million To Advance The Development Of Novel Tpd Drugs

PRIVATEAug 01, 2022

Round Type

Series A

BiotechnologyHealth CareTherapeutics

Description

GluBio Therapeutics, a biotech company focused on developing novel targeted protein degradation (TPD) drugs, recently announced the completion of Series A+ financing of $22 million. This round is led by Qiming Venture Partners and joined by Lilly Asia Ventures and Kaitai Capital, bringing the total capital raised to nearly $90 million since its establishment in March, 2021.

Quick answer

GluBio Therapeutics raised an undisclosed amount in a Series A round, dated August 1, 2022.

How much did GluBio Therapeutics raise?
GluBio Therapeutics raised an undisclosed amount in a Series A round on August 1, 2022.
What does GluBio Therapeutics do?
GluBio Therapeutics is a pioneering TPD company dedicated to developing targeted protein degraders for human diseases with unmet medical needs.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biotechnology around the same time

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

  • Novome raised an undisclosed amount (Funding Round) on September 15, 2022.
  • Carver raised an undisclosed amount (Seed) on September 15, 2022.
  • Adaptive Biotechnologies Corporation raised an undisclosed amount (Grant) on September 12, 2022.
  • Photys Therapeutics raised $75M (Series A) on September 8, 2022.
  • Autobahn Therapeutics raised an undisclosed amount (Funding Round) on September 8, 2022.
  • Inherent Biosciences raised an undisclosed amount (Series A) on September 7, 2022.

Who to call at GluBio Therapeutics, and when

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Company Information

Company

GluBio Therapeutics

About

GluBio Therapeutics is a pioneering TPD company dedicated to developing targeted protein degraders for human diseases with unmet medical needs. Founded by seasoned drug developers with deep knowledge and expertise in TPD drug discovery, the company has established a proprietary TPD discovery platform and robust screening capability. GluBio is advancing a diverse pipeline of highly selective small-molecule degraders across multiple therapeutic areas including oncology and immunology. The company has research operations in both San Diego, CA, USA and Shanghai, China.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

GluBio Therapeutics 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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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.