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Hyku Biosciences raised a total of $64M in seed financing led by Chugai Venture Fund to advance its proprietary platform for developing precision medicines.

PRIVATENov 12, 2024

Amount Raised

$64 Million

Round Type

Seed

LexingtonBiotechnologyHealth CareTherapeutics

Investors

Eisai InnovationChugai Venture FundRA Capital ManagementNovartis Venture FundDroia VenturesThe Mark Foundation For Cancer ResearchKB Investment

Description

Hyku Biosciences Inc. appointed John Gustofson to its Board of Directors alongside a significant investment from Chugai Venture Fund. This investment brings the company's total seed financing to $64M, supporting its efforts in developing innovative precision medicines.

Quick answer

Hyku Biosciences raised $64 Million in a Seed round, dated November 12, 2024. Investors: Eisai Innovation, Chugai Venture Fund, RA Capital Management, Novartis Venture Fund, Droia Ventures, The Mark Foundation For Cancer Research and KB Investment. Hyku Biosciences is based in Lexington, Massachusetts, United States.

How much did Hyku Biosciences raise?
Hyku Biosciences raised $64 Million in a Seed round on November 12, 2024.
Who invested in Hyku Biosciences?
Eisai Innovation, Chugai Venture Fund, RA Capital Management, Novartis Venture Fund, Droia Ventures, The Mark Foundation For Cancer Research and KB Investment are named as investors in this round.
What does Hyku Biosciences do?
Hyku is a biotechnology company based in the greater Boston area, utilizing its proprietary discovery platform to inhibit disease targets that are challenging to address with conventional approaches.
Where is Hyku Biosciences based and how big is it?
Hyku Biosciences is based in Lexington, Massachusetts, United States. Fundz records about 16 employees.
Who are the decision-makers at Hyku Biosciences?
Fundz holds 2 contacts at Hyku Biosciences. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biotechnology around the same time

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

  • AusperBio raised $73M (Series B) on December 27, 2024.
  • Phio Pharmaceuticals raised $30K (Seed) on December 24, 2024.
  • GEMMABio raised $34M (Series A) on December 23, 2024.
  • Lipella Pharmaceuticals raised $2.6M (Seed) on December 23, 2024.
  • Phio Pharmaceuticals raised $55K (Seed) on December 20, 2024.
  • Borealis Biosciences raised $30M (Series A) on December 19, 2024.

Who to call at Hyku Biosciences, and when

A new round usually means Hyku Biosciences is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Hyku Biosciences raises, hires an executive or expands, scored against what you sell
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  • Who you already know at Hyku Biosciences, from your own LinkedIn network

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Company Information

Company

Hyku Biosciences

Location

Lexington, Massachusetts, United States

About

Hyku is a biotechnology company based in the greater Boston area, utilizing its proprietary discovery platform to inhibit disease targets that are challenging to address with conventional approaches. Hyku’s drug discovery engine is based on its proprietary platform technologies, which identify histidine, tyrosine and lysine-based binding pockets and enable rational drug design for the development of covalent or non-covalent medicines. The platform pioneered by Hyku has the potential to fundamentally expand the scope of small molecule drug discovery, greatly increase the potential to modulate many target classes, and bring significant therapeutic benefits to patients via first-in-class and best-in-class medicines.

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Hyku Biosciences 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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