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- Glycomine
Glycomine Funding, Investors & Competitors
Glycomine has raised $195M across 4 funding rounds, most recently a $115M Series C in April 2025.
Last Glycomine funding round
$115M
Series C · Apr 2025
Cumulative funding Glycomine raised
$195M
across 4 funding rounds
Key investors in Glycomine
Sanderling Ventures
Chiesi Ventures
Novo Holdings
Sanofi Ventures
Abingworth
RiverVest
Mission BioCapital
Asahi Kasei
About Glycomine
Glycomine is a San Francisco-based early-stage biotechnology firm focused on enzyme replacement therapies for rare genetic disorders lacking approved treatments. Targeting the 95 percent of 7,000 known rare diseases without FDA options, it advances protein therapeutics to address unmet needs in metabolic and lysosomal storage conditions.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Sectors
Glycomine Funding History
Glycomine has raised a total of $195M across 4 funding rounds.
Glycomine's first fundraising round was a $12M Series A in November 2016. The most recent completed round was a $115M Series C in April 2025.
Glycomine funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2025 | Series C | Aberdeen Group (lead); Advent Life Sciences (lead); CTI Life Sciences Fund (lead); Asahi Kasei Corporate Venture Capital; Novo Holdings; Chiesi Ventures; Abingworth; RiverVest; Sanderling Ventures; Sanofi Ventures; Remiges Ventures | $115M | Glycomine, Inc. is a clinical-stage biotechnology company based in San Carlos, California, focused on developing transformative therapies for serious orphan diseases with no existing treatments. Its lead candidate, GLM101, is a first-in-class mannose-1-phosphate replacement therapy designed to treat phosphomannomutase-2 congenital disorder of glycosylation (PMM2-CDG), the most common congenital disorder of glycosylation, a rare life-threatening genetic condition caused by PMM2 protein mutations that impair glycosylation pathways. On April 16, 2025, Glycomine announced a $115 million Series C financing round led by CTI Life Sciences Fund, funds managed by abrdn (Aberdeen), and Advent Life Sciences, with participation from existing investors including Novo Holdings, Sanofi Ventures, Abingworth, RiverVest Venture Partners, Sanderling Ventures, Chiesi Ventures, Remiges Ventures, and Asahi Kasei Ventures. The proceeds will fund a randomized, placebo-controlled Phase 2b safety and efficacy study of GLM101, following proof-of-concept data from an ongoing open-label Phase 2 study showing improvements in ataxia, a key disease symptom. The trial will enroll patients across Europe and the U.S., including recent pediatric dosing. As part of the financing, CTI Ventures Managing Partner Youssef Bennani, Ph.D., and Advent Life Sciences General Partner Dominic Schmidt, Ph.D., joined Glycomine's board. The company previously raised $12 million in Series A in 2016 and $68 million (or $33 million led by Novo Holdings per some reports) in Series B, building on preclinical work started in 2014. Glycomine plans to report Phase 2b data in 2026, potentially positioning GLM101 for pharma partnerships, and is developing additional candidates for other rare diseases. |
| Jun 2021 | Series B | Abingworth (lead); Sanofi Ventures (lead); Novo Holdings; Asahi Kasei; Chiesi Ventures; RiverVest; Sanderling Ventures; Mission BioCapital; Remiges Ventures | $35M | Glycomine is a biotechnology company focused on developing novel therapies for orphan diseases, specifically targeting phosphomannomutase 2-congenital disorder of glycosylation (PMM2-CDG), a rare genetic disorder affecting glycosylation pathways throughout the body. The company's lead candidate, GLM101, is a substrate replacement therapy designed to restore disrupted glycosylation pathways and has demonstrated potential in preclinical studies to treat PMM2-CDG patients regardless of genotype. On June 23, 2021, Glycomine closed a Series B financing round totaling $68 million, consisting of $35 million in new funds combined with $33 million announced in August 2019. The round was led by new investors Abingworth and Sanofi Ventures, with participation from RiverVest Venture Partners and Remiges Ventures, alongside existing Series B investors Novo Holdings, Asahi Kasei Pharma Ventures, Mission BioCapital, Sanderling Ventures, and Chiesi Ventures. Proceeds were designated to advance GLM101 through initial clinical trials in patients. The company was founded in 2014 by Bay Area scientists, completed a Series A funding round of $12 million in 2016 led by Sanderling Ventures, and subsequently advanced to clinical testing with GLM101 showing statistically significant improvements in ataxia symptoms in Phase 2 data from nine patients at six-month follow-up, with the drug demonstrating acceptable safety and tolerability profiles. |
| Aug 2019 | Series B | Novo Holdings (lead); Asahi Kasei; Chiesi Ventures; Mission Bay Capital; Sanderling Ventures; Mission BioCapital | $33M | Glycomine, Inc. is a biotechnology company based in San Carlos, California, focused on developing therapies for rare diseases, particularly congenital disorders of glycosylation (CDG). Its lead candidate, GLM101, is a substrate replacement therapy for PMM2-CDG (CDG-Ia), the most common form of CDG, affecting over 1,000 diagnosed patients with symptoms including hypotonia, liver disease, coagulopathies, stroke-like episodes, and immune/nervous system dysfunctions. There is currently no approved treatment or cure for the disorder. On August 7, 2019, Glycomine announced a $33 million Series B financing round led by Novo Holdings A/S, with participation from Asahi Kasei Pharma Ventures, Chiesi Ventures, Mission BioCapital, Mission Bay Capital, and Sanderling Ventures. The proceeds are designated to advance GLM101 into early-stage clinical studies. This initial tranche formed part of a larger $68 million Series B, which later closed with an additional $35 million in June 2021 led by Abingworth and Sanofi Ventures, plus other new and existing investors. Glycomine's approach involves combining replacement therapies—such as substrates, enzymes, or proteins—with bio-nanomaterials or ligands for targeted intracellular delivery to affected organs. Preclinical studies have demonstrated GLM101's ability to restore disrupted glycosylation pathways in PMM2-CDG patients regardless of genotype. As of 2025, Novo Holdings participated in a $115 million Series C round to support a Phase 2b trial of GLM101, with over 20 patients enrolled in an ongoing Phase 2 study across Europe and the U.S., including recent pediatric dosing. No financial metrics such as post-money valuation, revenue, ARR, EBITDA, or valuation multiples are disclosed in announcements for the 2019 round. |
| Nov 2016 | Series A | Chiesi Ventures (lead); Sanderling Ventures (lead); Mesa Verde Venture Partners | $12M | Glycomine, Inc. is a biotechnology company developing replacement therapies for rare diseases, including substrate replacement therapy for congenital disorder of glycosylation type Ia (CDG-Ia) and enzyme replacement therapy for N-glycanase deficiency (Ngly1). On November 16, 2016, the company raised $12 million in a Series A financing led by Sanderling Ventures and supported by Chiesi Ventures, along with existing high net worth individuals and patients. Proceeds were allocated to complete IND-enabling preclinical studies, initiate clinical studies for CDG-Ia, and accelerate discovery efforts for Ngly1. Peter McWilliams from Sanderling Ventures and Giacomo Chiesi from Chiesi Ventures joined the board of directors in conjunction with the financing. |
Who has invested in Glycomine?
15 investors have backed Glycomine across its funding rounds, including Sanderling Ventures, Chiesi Ventures, Novo Holdings, Sanofi Ventures, Abingworth and RiverVest.
Lead investors include Aberdeen Group, Advent Life Sciences, CTI Life Sciences Fund, Abingworth, Sanofi Ventures and 3 other investors.
Glycomine Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Nov 2016 | ||
| 4 | Lead | Nov 2016 | ||
| 3 | Lead | Aug 2019 | ||
| 2 | Participant | Aug 2019 | ||
| 2 | Lead | Jun 2021 | ||
| 2 | Participant | Jun 2021 | ||
| 2 | Participant | Aug 2019 | ||
| 2 | Lead | Jun 2021 | ||
| 2 | Participant | Jun 2021 | ||
| 1 | Participant | Apr 2025 | ||
| 1 | Participant | Nov 2016 | ||
| 1 | Lead | Apr 2025 | ||
| 1 | Lead | Apr 2025 | ||
This data is available for Pro users. Sign up to see all 15 Glycomine investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialGlycomine Competitors
Glycomine competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $65B | $28B | $1.0T | 13.1x | ||
| Publicly listed | $94B | $40B | $651B | 6.8x | ||
| Publicly listed | $61B | $17B | $467B | 8.1x | ||
| Publicly listed | $65B | $28B | $363B | 6.2x | ||
| Private | - | - | $12B | - | ||
| Private | $1.1B | - | $4.5B | 4.2x |
Glycomine Public Comps
Glycomine 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $65B | $28B | 16.5x | 13.1x | 38.7x | 27.0x | |||
| $94B | $40B | 7.2x | 6.8x | 17.0x | 18.3x | |||
| $61B | $17B | 8.7x | 8.1x | 30.6x | 17.6x | |||
| $65B | $28B | 6.3x | 6.2x | 14.7x | 21.0x | |||
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $57B | $22B | 5.5x | 5.5x | 14.2x | 13.3x | |||
| $59B | $19B | 4.8x | 4.5x | 14.6x | 12.7x | |||
| $37B | $17B | 6.8x | 6.5x | 14.8x | 14.4x | |||
This data is available for Pro users. Sign up to see all Glycomine competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Glycomine
| When was Glycomine founded? | Glycomine was founded in 2013. |
| Where is Glycomine headquartered? | Glycomine is headquartered in San Francisco, CA, United States. |
| Is Glycomine publicly listed? | No, Glycomine is a private, VC-backed company. |
| How much funding has Glycomine raised? | Glycomine has raised $195M across 4 funding rounds. |
| What was Glycomine's last funding round? | Glycomine's last funding round was a $115M Series C in April 2025, led by Aberdeen Group, Advent Life Sciences and CTI Life Sciences Fund. |
| Who are Glycomine's investors? | Glycomine's investors include Chiesi Ventures, Sanderling Ventures, Novo Holdings, Asahi Kasei, Abingworth, RiverVest, Mission BioCapital, Sanofi Ventures, Remiges Ventures, Asahi Kasei Corporate Venture Capital and 5 others. |
| Which companies are comparable to Glycomine? | Companies comparable to Glycomine include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics. |
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