Magnet Biomedicine
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Contact Information
Overview
Magnet Biomedicine is a biotechnology research platform specializing in discovering true molecular glues.
Magnet Biomedicine leverages its TrueGlue discovery platform, which utilizes the latest advancements in human biology and proteomics. This platform identifies specialized adhesives optimized to maximize therapeutic effectiveness while delivering significant advantages, such as enhancing selectivity, fostering biological synergy on specific targets, and addressing previously challenging-to-target proteins. Magnet Biomedicine is actively harnessing the vast untapped potential of TrueGlues to address various disease areas and biological mechanisms, including but not limited to cancer, cardiovascular disease, and immune disorders.
About
Industries
Biotechnology, Pharmaceutical, Medical
Founded
2019
Employees
11-50
Headquarters locations
United States, North America
Social
N/A
Profile Resume
Magnet Biomedicine headquartered in United States, North America, operates in the Biotechnology, Pharmaceutical, Medical sector. The company focuses on Biotechnology and has secured $600.0M in funding across 12 round(s). With a team of 11-50 employees, Magnet Biomedicine is actively contributing to advancements in Biotechnology. Their latest funding round, Series A - Magnet Biomedicine, raised $50.0M. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
Funding rounds
1
Investors
2
Lead Investors
0
Total Funding Amount
$50.0M
Details
1
Magnet Biomedicine has raised a total of $50.0M in funding over 1 rounds.
| Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
|---|---|---|---|---|
| 2023 | Early Stage Venture | 50.0M |
Investors
Magnet Biomedicine is funded by 5 investors.
| Investor Name | Lead Investor | Funding Round | Partners |
|---|---|---|---|
| ARCH Venture Partners | - | FUNDING ROUND - ARCH Venture Partners | 50.0M |
| Thomas Cahill | - | FUNDING ROUND - Thomas Cahill | 50.0M |
| Magnet Biomedicine | - | FUNDING ROUND - Magnet Biomedicine | 50.0M |
| Newpath Management | - | FUNDING ROUND - Newpath Management | 50.0M |
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