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Dualyx

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Novel Treg-based therapies for autoimmune diseases

Ghent, BelgiumFounded 2019Biotech & Life Sciences
Valuation $250–500M Last recorded · 2023
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Dualyx

Dualyx is a biotechnology startup that is pioneering the development of next-generation immune modulators. These are essentially drugs that can manipulate the immune system, specifically by expanding regulatory T cells (Tregs) in the body. Tregs are a type of white blood cell that can suppress autoimmune reactions, which are harmful responses where the body attacks its own cells. By increasing the number of Tregs, Dualyx's drugs could potentially provide long-lasting or even curative treatments for patients with autoimmune diseases.

Dualyx's business model revolves around the development and commercialization of these immune modulators. They have a pipeline of multi-specific antibodies, which are proteins designed to target and activate Tregs without affecting other immune cells. This selective action could lead to effective immune suppression with minimal side effects, offering a significant advantage over traditional therapeutics.

Dualyx's lead program, DT-001, is currently in the investigational new drug (IND) enabling studies stage. This drug targets the TNF receptor 2 (TNFR2), a protein that plays a key role in immune suppression and is highly expressed on Tregs. Preliminary results suggest that DT-001 could be effective in treating a wide range of autoimmune diseases.

Dualyx operates in the biotechnology and healthcare markets, serving patients with autoimmune diseases. They collaborate with industry and academic partners, such as argenx, Wurzburg University, KU Leuven, and VIB, to develop their pipeline.

In terms of revenue, Dualyx likely makes money through partnerships, grants, and potentially future sales of their drugs once they are approved and commercialized.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
Ghent, Belgium
Employees
6
Open positions
None listed
Dealroom signal
56.2/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Spinout, Disease, Hard Tech, proteomics, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b
Links
Website

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC May 2023 $44M $176M HTGF · PMV · Gemma Frisius Fund - GFF · Forbion Capital Partners ↗
OtherOther financing Jan 2020 $0 — BioGeneration Ventures ↗
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearProfitMargin
2026 —
2025 —
2024 —
2023 —
2022 —
2021 —
2020 —
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Growth signals

Dualyx website traffic

Latest recorded traffic for Dualyx is 10 monthly website visits, down 99.2% over the last three months. Dualyx's team grew 0% over the past year.

Latest monthly visits10 3-month web change-99.2% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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iECUREClinical-stage biotechnology company developing genome editing therapies for rare, life-threatening genetic diseases. Whitpain Township, United States Operational
Rage BiotechRAGE Biotech is developing new approaches to modulate the receptor for advanced glycation end-products (RAGE), an important target in chronic inflammation Melbourne, Australia Operational
Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

10 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A9 investors entered at this stage

  • Forbion Capital Partners
  • Fountain Healthcare Partners
  • Andera Partners
  • HTGF
  • PMV
  • Gemma Frisius Fund - GFF
  • Flanders Institute for Biotechnology
  • V-Bio Ventures
  • BioGeneration Ventures

Other known investors1 additional known investor

  • KU Leuven
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇧🇪 Belgium · Ghent HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Dualyx on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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