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

Glycomine Overview

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

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

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

Glycomine funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2025Series CAberdeen 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$115MGlycomine, 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 2021Series BAbingworth (lead); Sanofi Ventures (lead); Novo Holdings; Asahi Kasei; Chiesi Ventures; RiverVest; Sanderling Ventures; Mission BioCapital; Remiges Ventures$35MGlycomine 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 2019Series BNovo Holdings (lead); Asahi Kasei; Chiesi Ventures; Mission Bay Capital; Sanderling Ventures; Mission BioCapital$33MGlycomine, 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 2016Series AChiesi Ventures (lead); Sanderling Ventures (lead); Mesa Verde Venture Partners$12MGlycomine, 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

Investors in Glycomine by funding rounds participated
InvestorHQRoundsRoleFirst check
Chiesi VenturesUnited StatesBoston, MA4LeadNov 2016
Sanderling VenturesUnited StatesSan Francisco, CA4LeadNov 2016
Novo HoldingsDenmarkCopenhagen3LeadAug 2019
Asahi KaseiJapanTokyo2ParticipantAug 2019
AbingworthUnited KingdomLondon2LeadJun 2021
RiverVestUnited StatesUnited States2ParticipantJun 2021
Mission BioCapitalUnited StatesUnited States2ParticipantAug 2019
Sanofi VenturesUnited StatesUnited States2LeadJun 2021
Remiges VenturesUnited StatesUnited States2ParticipantJun 2021
Asahi Kasei Corporate Venture CapitalUnited StatesUnited States1ParticipantApr 2025
Mesa Verde Venture PartnersUnited StatesSan Diego, CA1ParticipantNov 2016
Aberdeen GroupUnited KingdomEdinburgh1LeadApr 2025
Advent Life SciencesUnited KingdomLondon1LeadApr 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 Trial

Glycomine Competitors

Glycomine competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.

Public and private companies comparable to Glycomine
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
AbbVieUnited StatesUnited StatesPublicly listed$61B$17B$467B8.1x
MerckUnited StatesUnited StatesPublicly listed$65B$28B$363B6.2x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biocon BiologicsIndiaBangalorePrivate$1.1B-$4.5B4.2x

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 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

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.

See companies similar to Glycomine

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial