Fundz

Tubulis Raises €10.7 M Series A to Advance Development of a New Generation of Antibody-Drug Conjugates

PRIVATEJul 21, 2020

Amount Raised

€10 Million

Round Type

Series A

MunichBiotechnologyHealth Care

Description

Tubulis today announced the close of a €10.7 million Series A financing round to accelerate the development of a new class of highly stable and efficient antibody-drug conjugates (ADCs) and to support the further growth of the company. The financing round was co-led by BioMedPartners and High-Tech Gründerfonds (HTGF) with support from Seventure Partners, coparion, Bayern Kapital, and OCCIDENT alongside significant contributions by high net worth individuals and the founders. Tubulis was spun out in 2019 from the Leibniz Research Institute in Berlin (FMP) and the Ludwig Maximilians University (LMU) in Munich with the aim of expanding the therapeutic potential of ADCs for cancer and other disease indications.

Quick answer

Tubulis raised €10 Million in a Series A round, dated July 21, 2020. Tubulis is based in Munich, Bavaria, Germany.

How much did Tubulis raise?
Tubulis raised €10 Million in a Series A round on July 21, 2020.
What does Tubulis do?
Tubulis® generates uniquely matched protein-drug conjugates by combining proprietary novel technologies with disease-specific biology.
Where is Tubulis based and how big is it?
Tubulis is based in Munich, Bavaria, Germany. Fundz records about 73 employees.
Who are the decision-makers at Tubulis?
Fundz holds 1 contact at Tubulis. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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

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

  • Monteris Medical raised $9M on September 4, 2020.
  • Escient Pharmaceuticals raised $33M on September 4, 2020.
  • Endovia Health Sciences, Inc. raised $1.2M on September 2, 2020.
  • ORTHALIGN INC raised $11M on September 2, 2020.
  • Adipo Therapeutics raised $1.3M (Seed) on September 2, 2020.
  • Helus Pharma raised an undisclosed amount on September 1, 2020.

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Company Information

Company

Tubulis

Location

Munich, Bavaria, Germany

About

Tubulis® generates uniquely matched protein-drug conjugates by combining proprietary novel technologies with disease-specific biology. Our goal is to expand the therapeutic potential of antibody drug conjugates (ADCs) ushering in a new era and delivering better outcomes for patients. We will advance a range of conjugates, unlimited by indication, using our own discovery capabilities and by solving development challenges for partners with both antibody and chemical assets.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Tubulis 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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