ImmunoMet Therapeutics

ImmunoMet Therapeutics

Private
Houston, TexasHealthcare & Life Scienceshttps://www.immunomet.com

Last Round

Series C

Oct 19, 2022

Total Funding Raised

$39M

Company Overview

ImmunoMet Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing novel therapies for cancer and fibrosis by targeting cellular metabolism. Founded in 2015 as a spin-off from HanAll Biopharma, the company's lead candidate is lixumistat (IM156), an oral inhibitor of protein complex 1 (PC1) that targets Oxidative Phosphorylation (OxPhos). This mechanism aims to decrease the growth and proliferation of cancer cells and fibrosis. The company is actively conducting clinical trials for various indications, including pancreatic cancer and solid tumors. ImmunoMet is privately held and venture capital-backed, having completed multiple funding rounds to advance its pipeline.

Sector

Healthcare & Life Sciences

Verticals

Biotechnology, Drug Discovery, Clinical Trials, Precision Medicine

Business Model

B2B

Customer Profile

Revenue Share, Government Contracts

AI Layer

Non-AI

Keywords

OXPHOS inhibitoroxidative phosphorylation inhibitorcellular metabolismcancer metabolismmetabolic oncologylixumistatsmall molecule therapeuticprotein complex 1 inhibitorPC1 inhibitorpancreatic cancerfibrotic diseasesglioblastomaclinical-stage biotechdrug licensingOrphan Drug Designationidiopathic pulmonary fibrosisbiguanides

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ImmunoMet Therapeutics Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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ImmunoMet Therapeutics Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series COct 19, 2022
Series B ExtensionDec 31, 2021
Series B ExtensionFeb 5, 2020
Convertible DebtMay 16, 2018
Series BMar 7, 2017
Series A
Mar 8, 2016

Key People

Founding team and executive leadership

Dean Welsch

Chief Executive Officer, Chief Scientific Officer

Executive Team

Tingchen Cui

Co-Chief Executive Officer

Executive Team

Michael Bell

Consulting Chief Financial Officer

Executive Team

ImmunoMet Therapeutics Investors

Notable investors and investment history

InvestorRounds
InterVestSeries B
SL InvestmentSeries B
NHN InvestmentSeries B
Mirae Asset Venture InvestmentsSeries B, Series A

ImmunoMet Therapeutics Filings

SEC and related filings with document metadata.

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ImmunoMet Therapeutics Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersHouston, Texas
Employee Range6
Year Founded2015
Last FundingOct 19, 2022

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