Biotherapeutics startup Hummingbird raises US$19m in Series B funding

SINGAPORE-BASED Hummingbird Bioscience has raised US$19 million in a Series B round co-led by Mirae Asset Venture Investment and GNTech Venture Capital, the startup announced in a press release on Thursday.

Existing investors Heritas Capital and SEEDS Capital, the investment arm of Enterprise Singapore, also joined the funding round. New investors in the round include Delian Capital, Mirae Asset Capital, DAValue-GiltEdge, HB Investment, Wooshin Venture Investment and Kiwoom Investment-Shinhan Capital. The fresh funding will support Hummingbird's discovery of new disease targets, expanding its pipeline antibody therapeutics, as well as its co-discovery projects under a collaboration agreement signed with Amgen in September.

Hummingbird has developed a novel antibody discovery platform that it says is able to accurately identify previously difficult-to-hit targets for cancer treatment. This enables the startup to engineer antibodies that can precisely hit these targets. Founded in 2014, Hummingbird had previously secured over US$60 million in funding through financing activities and strategic partnerships. The startup currently has two assets that are expected to enter first-in-human clinical trials, following regulatory submissions in the second half of 2020.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MVLLABS raises US$5m in Series A funding to grow mobility ecosystemRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Startups in Singapore blockchain accelerator Tribe raise S$21.5mRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Alibaba raises further US$1.7 billion in over-allotted shares in HK listingChinese e-commerce giant Alibaba said on Tuesday it has raised an additional HKUS$13.17 billion (US$1.68 billion) by exercising the over-allotment ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Malaysia's Iskandar revives listing plan, aims to raise up to US$1.5b in 2020: SourceKUALA LUMPUR: Malaysian developer Iskandar Waterfront Holdings Sdn Bhd (IWH) has revived its ambition to go public two years after shelving a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

UN launches US$29 billion emergency funding appealThe UN launched a humanitarian appeal for nearly $29 billion on Wednesday as climate change and increasingly protracted conflicts put tens of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Singapore VC firm launches US$106 million fund to address Asia's ocean plastic crisisSINGAPORE: Singapore-based venture capital firm Circulate Capital launched a US$106 million (S$144 million) fund dedicated to preventing plastic ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »