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InduPro, Inc. closes $77 million Series B financing to support Phase 1 clinical development of IDP-001 for cancer treatment.

PRIVATEAug 12, 2026about 3 hours ago

Amount Raised

$77 Million

Round Type

Series B

SeattleBiotechnologyHealth CareTherapeutics

Description

InduPro, Inc. announced the closing of a $77 million Series B financing. The financing will support the Phase 1 clinical development of the company's lead oncology program IDP-001. They have also dosed the first patient in the study

Company Information

Company

InduPro

Location

Seattle, Washington, United States

About

InduPro, Inc. is a biotechnology company that defines protein spatial relationships to create novel therapeutics for the treatment of cancer and autoimmune diseases. They target cell surface proteins in a variety of disease contexts by leveraging inherent or induced protein proximity. Their approach relies on a unique discovery engine (ProXiMATE) to generate potential first-in-class and best-in-class novel therapeutic candidates across multiple indications and modalities.

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Funding Insights

Based on industry data
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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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