GluBio Therapeutics Funding, Investors & Competitors

GluBio Therapeutics has raised $102M across 3 funding rounds, most recently a $30M strategic investment round in February 2026.

Last GluBio Therapeutics funding round

$30M

Strategic investment · Feb 2026

Cumulative funding GluBio Therapeutics raised

$102M

across 3 funding rounds

Key investors in GluBio Therapeutics

  • Qiming Venture Partners
  • Lilly Asia Ventures
  • Kaitai Capital
  • Sanofi

GluBio Therapeutics Overview

About GluBio Therapeutics

GluBio Therapeutics is a biotechnology firm specializing in molecular glue degraders for targeted protein degradation. The company provides screening platforms, target validation tools, rational design capabilities, and a proprietary library of active molecules. Based in China, GluBio advances therapies for oncology and other diseases through its multi-dimensional degradation technologies.


Founded

2021

HQ

ChinaHangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Services

GluBio Therapeutics Funding History

GluBio Therapeutics has raised a total of $102M across 3 funding rounds.

GluBio Therapeutics' first fundraising round was a $50M Series A in February 2022. The most recent completed round was a $30M strategic investment round in February 2026.

GluBio Therapeutics funding rounds

GluBio Therapeutics funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2026Strategic investmentSanofi (lead)$30MGluBio Pharmaceutical (also referred to as GluBio Therapeutics), a China-based biotech founded in 2021, develops molecular glue degraders for genetic disorders, oncology, and autoimmune diseases using its proprietary Glue Degrader Discovery (GDD) platform. The company announced a USD 30 million strategic equity investment from Sanofi on February 11, 2026, involving newly issued preferred shares. Sanofi received a right of first negotiation for exclusive licensing of two preclinical molecular glue degrader programs, GLB-005 and GLB-007, targeting proteins that suppress fetal hemoglobin for sickle cell disease treatment, with Phase I trials potentially starting late 2026. GluBio's pipeline includes other clinical-stage assets like GLB-001 and GLB-002 in Phase I trials, covering oncology and immunology. The investment supports advancement of the sickle cell candidates, enhancing Sanofi's position in rare diseases. The deal underscores Sanofi's interest in innovative biopharma, particularly in hemoglobinopathies, amid its broader portfolio in pharmaceuticals and vaccines.
Aug 2022Series AQiming Venture Partners (lead); Kaitai Capital; Lilly Asia Ventures$22MGluBio Therapeutics is a biotechnology company founded in 2021, based in San Diego, United States, with operations also in China, focused on developing novel targeted protein degradation (TPD) drugs using platforms like TPD Discovery Platform and Small-molecule Degraders. It operates in a competitive market alongside companies such as Accutar Biotechnology, Plexium, Photys Therapeutics, Lycia Therapeutics, and Uvic Steratics. The company has raised a total of $72 million across two funding rounds from investors including Qiming Venture Partners, Lilly Asia Ventures, and Kaitai Capital. The specific round in question is the Series A (or A+) financing of $22 million announced on August 1, 2022, led by Qiming Venture Partners, with participation from Lilly Asia Ventures and Kaitai Capital. This brought the total capital raised since establishment to nearly $90 million according to some reports. A prior Series A round in February or April 2022 raised nearly $50 million from GL Ventures, Lilly Asia Ventures, Qiming Venture Partners, E Fund, and others, contributing to the cumulative funding. The company has established multi-dimensional protein degradation screening, target verification, molecular glue rational design platforms, and a proprietary high-activity molecular library. Its pipeline includes projects like GLB-001 and GLB-002 in discovery and preclinical stages as of recent updates. Investors provide strategic support for advancing TPD drug development.
Feb 2022Series A-$50MGluBio Therapeutics (also referred to as GluBio Pharmaceutical) is a biotech company focused on developing novel targeted protein degradation (TPD) drugs, including molecular glue degraders and heterobifunctional degraders, with operations in San Diego and Shanghai. The company was established in March 2021 and has advanced assets toward clinical stages, such as GLB-002 in Phase 1 for relapsed or refractory non-Hodgkin lymphomas. Around late February 2022, GluBio completed a Series A funding round of approximately $50 million, led by investors including Lilly Asia Ventures, Legend Capital, Qiming Venture Partners, Hillhouse Capital’s GL Ventures, E Fund, Kaitai Capital, and K2VC, bringing total funding to nearly $70 million. Subsequently, in August 2022, GluBio announced a Series A+ extension of $22 million led by Qiming Venture Partners, with participation from Lilly Asia Ventures and Kaitai Capital, increasing total capital raised to nearly $90 million (some sources cite $72 million across rounds). The funds supported building a TPD drug discovery platform, advancing two molecular glue degraders into the clinic, and optimizing leads.

Who has invested in GluBio Therapeutics?

4 investors have backed GluBio Therapeutics across its funding rounds, including Qiming Venture Partners, Lilly Asia Ventures, Kaitai Capital and Sanofi.

Lead investors include Sanofi and Qiming Venture Partners.


GluBio Therapeutics Investors

Investors in GluBio Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
Kaitai CapitalChinaHangzhou1ParticipantAug 2022
Qiming Venture PartnersChinaShanghai1LeadAug 2022

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GluBio Therapeutics Competitors

GluBio Therapeutics competitors include listed companies like Merck KGaA, Eli Lilly and Johnson & Johnson, and private ones like Sinovac Life Sciences, Immunai and ZSPepLib.

Public and private companies comparable to GluBio Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Merck KGaAGermanyGermanyPublicly listed$24B$5.3B$66B3.1x
Sinovac Life SciencesChinaBeijingPrivate--$3.3B-
ImmunaiUnited StatesNew York City, NYPrivate--$1B-
ZSPepLibChinaZhuzhouPrivate--$732M-
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x

GluBio Therapeutics Public Comps

GluBio Therapeutics is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Amgen, Novo Nordisk and Gilead Sciences.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x
Amgen$37B$17B6.8x6.5x14.8x14.4x

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Common questions about GluBio Therapeutics

When was GluBio Therapeutics founded?GluBio Therapeutics was founded in 2021.
Where is GluBio Therapeutics headquartered?GluBio Therapeutics is headquartered in Hangzhou, China.
Is GluBio Therapeutics publicly listed?No, GluBio Therapeutics is a private, VC-backed company.
How much funding has GluBio Therapeutics raised?GluBio Therapeutics has raised $102M across 3 funding rounds.
What was GluBio Therapeutics' last funding round?GluBio Therapeutics' last funding round was a $30M strategic investment round in February 2026, led by Sanofi.
Who are GluBio Therapeutics' investors?GluBio Therapeutics' investors include Kaitai Capital, Qiming Venture Partners, Sanofi and Lilly Asia Ventures.
Which companies are comparable to GluBio Therapeutics?Companies comparable to GluBio Therapeutics include Merck KGaA, Sinovac Life Sciences, Immunai, ZSPepLib, Eli Lilly and Johnson & Johnson.

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