ADC drug developer Trior raises $25M in Series C funding from Korea Development Bank, DS Asset Management, and others to advance platform technologies and drug pipelines.
Sneak Peek InvestmentsShinhan CapitalLSK InvestmentWoori Venture PartnersHoneypot VenturesTESS Investment PartnersSage One PartnersHB InvestmentDS Asset ManagementKorea Development Bank
Description
Trior, an antibody-drug conjugate therapeutics developer, closed a $25 million Series C round conducted as a multi-closing with two tranches. The first close brought $18 million from new investors including Korea Development Bank, DS Asset Management, HB Investment, SAGE ONE PARTNERS, and TESS Investment Partners. The second close added $6.8 million from existing investors including Woori Venture Partners, LSK Investment, Shinhan Capital, and Sneak Peek Investments. Trior plans to use the funds to advance its TROCAD and TROSIG platform technologies and accelerate development of its antibody therapeutic and ADC drug pipelines.
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Company Information
Company
Trior
About
Trior is a developer of antibody-drug conjugate (ADC) therapeutics with two proprietary platforms: TROCAD, a dual-function masking platform for improving therapeutic index of antibody-based therapies, and TROSIG, a linker-payload platform for enhancing drug stability and efficacy of ADCs. The company is developing its own antibody therapeutic and ADC drug pipelines while pursuing joint R&D and technology transfer partnerships with biotech companies and pharmaceutical firms.
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