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Bicycle Therapeutics raises £40mm through Series B round; second tranche closed
24 May 2019
Bicycle Therapeutics Ltd. closed its Series B round, raising £40mm ($52mm) from new investors Vertex Ventures HC (lead), Cambridge Innovation Capital, and Longwood Fund, along with returning backers Novartis Venture Fund, SR One, SV Life Sciences, and Atlas Venture. (Vertex and Cambridge join the board.) Bicycle is developing cancer therapies based on its Bicycles bicyclic peptide platform, and will use the proceeds to advance development of lead preclinical candidate BT1718 for triple-negative breast cancer and non-small cell lung cancer, and to continue studies on additional pipeline projects.
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