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Lycia Therapeutics announced it raised $75 Million in an initial filing from an offering of $75 Million

PRIVATEJun 25, 2026

Amount Raised

$75 Million

Round Type

Series D

San FranciscoBiotechnology

Investors

InvusOrbi MedAdage Capital ManagementVenrock Healthcare Capital PartnersRtw InvestmentsOrbimedFranklin TempletonEli Lilly And CompanyHbm Healthcare InvestmentsJanus Henderson InvestorsBalyasny Asset Management

Description

Lycia Therapeutics, based in South San Francisco, California, raised $75m in Series D funding. The round was co-led by Janus Henderson Investors and Balyasny Asset Management, with participation from various investors. The funds will be used to advance its lead cataLYTAC pipeline programs for food allergy and Graves’ disease. The company's leadership has recently strengthened its corporate governance.

Company Information

Company

Lycia Therapeutics, Inc.

Location

681 Gateway Blvd. 3rd Floor

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

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Verified contactsChin L., Chief Medical Officer hidden hiddenSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for Lycia Therapeutics, Inc.'s next move

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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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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 FundzWatch™ for automated website change detection, 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.