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Plexium Announces $102M Financing To Advance Pipeline Of Targeted Protein Degradation Therapies And Technology Platform

PRIVATEFeb 23, 2022

Amount Raised

$102 Million

Round Type

Funding Round

San DiegoBiotechnologyHealth Care

Description

Plexium, Inc. (Plexium), a leading next-generation targeted protein degradation (TPD) company, today announced the completion of an oversubscribed $102M financing, led by BVF Partners, L.P. and TCG X, with participation from new investors Softbank Vision Fund 2, RA Capital Management, Surveyor Capital (a Citadel company), and Pappas Capital. Existing investors The Column Group, DCVC Bio, Pivotal bioVenture Partners, Lux Capital, M Ventures, CRV and Neotribe Ventures also participated in the round

Who else raised in Biotechnology and Health Care around the same time

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

  • Promaxo raised an undisclosed amount (Funding Round) on April 7, 2022.
  • Trait Biosciences Inc. raised $210K (Series A) on April 6, 2022.
  • Ensem Therapeutics raised $67M (Series A) on April 6, 2022.
  • Autonomix Medical raised $2M (Seed) on April 6, 2022.
  • BostonGene raised $150M (Series B) on April 6, 2022.
  • Alto Neuroscience raised $59M on April 6, 2022.

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Company Information

Company

Plexium

Location

San Diego, California, United States

About

Plexium is the premier, next-generation targeted protein degradation company, seeking to discover a wide range of monovalent target protein degraders that address the limitations of PROTACs and cereblon. The company’s platform is a proprietary drug discovery platform designed to identify novel small molecules that induce selective degradation of drug target proteins through E3 ligase mediated proteasomal degradation. From molecular glues to monovalent degraders, Plexium is advancing a pipeline of novel targeted protein degraders for the treatment of cancer, neurodegeneration, and other diseases.

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Plexium 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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