Hyku Biosciences raised a total of $64M in seed financing led by Chugai Venture Fund to advance its proprietary platform for developing precision medicines.
Hyku Biosciences raised a total of $64M in seed financing led by Chugai Venture Fund to advance its proprietary platform for developing precision medicines.
11/12/24, 1:35 PM
Location
Money raised
$64 million
Industry
therapeutics
biotechnology
health care
Round Type
seed
Investors
Eisai Innovation, Kb Investment, The Mark Foundation For Cancer Research, Droia Ventures, Novartis Venture Fund, Ra Capital Management, Chugai Venture Fund
Hyku Biosciences Inc. appointed John Gustofson to its Board of Directors alongside a significant investment from Chugai Venture Fund. This investment brings the company's total seed financing to $64M, supporting its efforts in developing innovative precision medicines.
Company Info
Location
lexington, massachusetts, united states
Additional Info
Hyku is a biotechnology company based in the greater Boston area, utilizing its proprietary discovery platform to inhibit disease targets that are challenging to address with conventional approaches. Hyku’s drug discovery engine is based on its proprietary platform technologies, which identify histidine, tyrosine and lysine-based binding pockets and enable rational drug design for the development of covalent or non-covalent medicines. The platform pioneered by Hyku has the potential to fundamentally expand the scope of small molecule drug discovery, greatly increase the potential to modulate many target classes, and bring significant therapeutic benefits to patients via first-in-class and best-in-class medicines.