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Sibylla Biotech Raises €23 Million Series A To Advance Protein Degradation By Folding Interference Pipeline And Expand Technology Platform

Sibylla Biotech Raises €23 Million Series A To Advance Protein Degradation By Folding Interference Pipeline And Expand Technology Platform

10/04/22, 9:03 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IT.svgbresso
Money raised
€23 million
Industry
manufacturing
food and beverage
biotechnology
Round Type
series a
Sibylla Biotech today announced the successful close of its €23 million Series A financing round to fund the further development of its Pharmacological Protein Inactivation by Folding Intermediate Targeting (PPI-FIT) approach, which provides access to a new class of pharmacological targets that transiently appear during the process of protein folding, and to advance its proprietary pipeline programs through preclinical evaluation. The financing from an international syndicate of specialized life science investors was led by V-Bio Ventures with participation from Seroba Life Sciences, 3B Future Health Fund, Claris Ventures, CDP Venture Capital with Evolution Fund, VI Partners, Indaco Venture Partners, as well as the company’s seed investor, Vertis SGR. Concurrent with the close of the fundraising, Ward Capoen from V-Bio, Bruno Montanari from Seroba, Ciro Spedaliere from Claris Ventures, and Marianne Bjordal from 3B Future Health Fund will join Sibylla’s Board of Directors.

Company Info

Company
Sibylla Biotech
Location
via dei solteri
bresso, milan, italy
Additional Info
Sibylla is disrupting the protein degradation landscape by applying a novel mechanism of action that interferes with protein folding and thereby suppresses the expression of a disease-relevant protein. Through their protein folding simulation technology platform, Sibylla identifies relevant and previously inexplorable folding intermediates for protein targets that are currently considered undruggable in their native state. The company is developing a proprietary pipeline of small molecule folding interfering degraders (FIDs) that can address a range of therapeutic areas.

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