{"id":28268,"date":"2024-06-20T18:08:13","date_gmt":"2024-06-20T15:08:13","guid":{"rendered":"https:\/\/entarabi.com\/?p=28268"},"modified":"2024-06-20T19:49:52","modified_gmt":"2024-06-20T16:49:52","slug":"iambic-therapeutics-closes-50-million-series-b-funding-round","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/06\/iambic-therapeutics-closes-50-million-series-b-funding-round\/","title":{"rendered":"Iambic Therapeutics closes $50 million Series B funding round"},"content":{"rendered":"<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-duoqg-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-duoqg-1n7m0yu\">\n<div class=\"flex flex-col text-sm md:pb-9\">\n<div class=\"w-full text-token-text-primary\" dir=\"auto\" data-testid=\"conversation-turn-9\" data-scroll-anchor=\"true\">\n<div class=\"py-2 juice:py-[18px] px-3 text-base md:px-4 m-auto md:px-5 lg:px-1 xl:px-5\">\n<div class=\"mx-auto flex flex-1 gap-3 text-base juice:gap-4 juice:md:gap-5 juice:lg:gap-6 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem]\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-3\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"8ef874e0-81a3-4c5e-8c78-1536bad0c9fb\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>Iambic Therapeutics, a US-based clinical-stage biotechnology company, has secured $50 million in an extended Series B funding round led by Mubadala Capital, a subsidiary of Mubadala Investment Company based in the UAE.<\/p>\n<p>Other participants in this funding round included Qatar Investment Authority, Exor Ventures, and existing investors such as Abingworth, Illumina Ventures, Nexus Venture Partners, Coatue, and Tao Capital Partners.<\/p>\n<p>This extension follows a previous $100 million Series B round closed in October 2023, as announced by the AI-driven drug discovery platform.<\/p>\n<p>The funding was co-led by Ascenta Capital and Abingworth, with additional participation from NVIDIA and others.<\/p>\n<p>The proceeds from this latest financing will be utilized to advance Iambic\u2019s pipeline of clinical and pre-clinical programs, according to the statement.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Iambic Therapeutics, a US-based clinical-stage biotechnology company, has secured $50 million in an extended Series B funding round led by Mubadala Capital, a subsidiary of Mubadala Investment Company based in the UAE.<\/p>\n","protected":false},"author":11,"featured_media":28269,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1772],"tags":[4847,4848,4849],"class_list":["post-28268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","tag-iambic-therapeutics","tag-illumina-ventures","tag-mubadala-capital-en"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/28268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=28268"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/28268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/28269"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=28268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=28268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=28268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}