Tech Company Financing Transactions
EpiBiologics Funding Round
EpiBiologics, based in San Mateo, secured $50 million from Mubadala, Polaris Partners and GV.
Transaction Overview
Company Name
Announced On
3/22/2023
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to expand and validate the platform, advance pipeline of drug candidates, and further build its team. To strengthen their leadership and support their expansion, EpiBiologics also announced the appointment of Shyra Gardai as its incoming Chief Scientific Officer. With over 20 years of scientific and pre-clinical drug development experience across multiple key therapeutic areas, Dr. Gardai has served in roles of increasing responsibilities in the biotechnology industry, including most recently as Vice President of Therapeutic Discovery Research at Seagen.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
1900 Alameda de las Pulgas 250
San Mateo, CA 94403
USA
San Mateo, CA 94403
USA
Phone
Undisclosed
Website
Email Address
Overview
We are a venture backed company with a mission to develop first-in-class and best-in-class antibody based targeted therapies against membrane and extracellular proteins that drive underlying disease biology. Protein degradation has the potential to eliminate disease causing proteins that were previously not addressable by classical therapeutic approaches. First generation protein degradation approaches can degrade intracellular proteins but do not address membrane and extracellular proteins, which are approximately 40% of the proteome.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 3/22/2023: Gamify venture capital transaction
Next: 3/22/2023: Turnkey venture capital transaction
Share this article
News on VC Transactions
We do our best to document funding rounds that are announced publicly. VC transactions reported here are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs