💰The Funding Letter #1422: May 22

Capchase, Farcaster, Onestock, and more...

May 22, 2024

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AltruBio has developed an antibody therapeutics platform that focuses on the discovery and development of novel therapeutics for unmet medical needs in the field of antibody-drug conjugates therapy, enabling patients to recover from immune-mediated diseases. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $225M, Series B

Round Investors: Biotechnology Value Fund (lead), Soleus Capital, RA Capital Management, aMoon Fund

🚀Growth Focus: Advance its ulcerative colitis candidate into mid-stage clinical trials.

HQ: San Francisco, CA

Industry: Biotechnology Research

Employee Count: 31

Farcaster operates a decentralized social network with an open protocol that can support many clients and secure their social data, enabling users to own and control their social graph. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $150M, Series A

Round Investors: Paradigm (lead), Union Square Ventures, Haun Ventures, Standard Crypto

🚀Growth Focus: Expand its decentralized social networking features such as channels and direct messaging.

HQ: Los Angeles, CA

Industry: Internet Publishing

Employee Count: 12 (⚡140% increase in last 6 months)

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