Tech Company Financing Transactions
Lycia Therapeutics Funding Round
On 6/25/2026, Lycia Therapeutics landed $75 million in Series D funding from Balyasny Asset Management, Janus Henderson Investors and Adage Capital Management.
Transaction Overview
Company Name
Announced On
6/25/2026
Transaction Type
Venture Equity
Amount
$75,000,000
Round
Series D
Investors
Proceeds Purpose
Proceeds will be used to support the clinical development of Lycia's programs, LCA-0061, a cataLYTAC� degrader designed to deplete immunoglobulin E (IgE) for food allergy and other allergic diseases, and LCA-0321, a LYTAC degrader designed to selectively deplete thyroid-stimulating hormone receptor autoantibodies (TRAbs) for Graves' disease, and to advance the company's broader pipeline of cataLYTAC degraders toward the clinic.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
6175 Nancy Ridge Dr.
San Diego, CA 92121
USA
San Diego, CA 92121
USA
Phone
Website
Email Address
Overview
Lycia Therapeutics, Inc. is a biotechnology company using its lysosomal targeting chimeras (LYTACs) platform to discover and develop first-in-class therapeutics that degrade extracellular and membrane-bound proteins that drive a range of difficult-to-treat diseases, including cancers and autoimmune conditions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Aetna Trombley
Founder
Carolyn Bertozzi
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