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InduPro

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Get closer to our groundbreaking work in proximity based therapeutics

Seattle, United StatesFounded 2022Biotech & Life Sciences
Valuation $250–500M Last recorded · 2026
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
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About InduPro

InduPro is a biotechnology firm focused on developing next-generation therapeutics for cancer and autoimmune diseases by manipulating the spatial relationships of proteins on the cell surface. The company was established in 2022 by a team that includes Scientific Founder Chris Garcia, Ph.D., Chief Scientific Officer Scott Lesley, Ph.D., and Rob Oslund, Ph.D., and Niyi Fadeyi, Ph.D., who were inventors of the core protein proximity-mapping technology. In June 2024, the company secured an $85 million Series A financing round co-led by The Column Group and Vida Ventures, with participation from MRL Ventures Fund, Emerson Collective, and Euclidean Capital. Concurrently, Prakash Raman, Ph.D., who has over two decades of biopharmaceutical leadership experience, was appointed as Chief Executive Officer.

InduPro's core business revolves around its proprietary discovery engine, which precisely maps the microenvironment of proteins on a cell's surface. This allows the company to identify novel pairs of proteins, or targets, that are highly selective to diseased cells. By understanding and leveraging this inherent proximity, the company develops therapeutics, such as bispecific antibodies and antibody-drug conjugates (ADCs), that can selectively target and act on these specific cells, primarily in oncology and immunology. The company's business model is centered on advancing its pipeline of therapeutic candidates through preclinical and clinical development, with the potential for future partnerships. The capital from its Series A round is designated to advance its first clinical candidate toward an expected Investigational New Drug (IND) filing in late 2025 for a Phase 1 trial.

The company's technology portfolio includes several key platforms. The ProXiMATE discovery engine uses high-resolution proximity labeling and deep learning analysis to create detailed maps of protein neighborhoods, identifying novel target pairs. Another platform, ARRIS, utilizes multi-specific antibody technology to artificially bring two surface proteins closer together, thereby creating new therapeutic pathways. This strategy of co-targeting, which InduPro terms the Tumor Associated Proximity Antigens (TAPA) approach, aims to overcome the challenges of targeting antigens that may also be present on normal tissues. These platforms are supported by in-house antibody discovery and engineering capabilities, enabling an end-to-end approach from target discovery to the development of clinical molecules.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2022
Headquarters
Seattle, United States
Employees
60
Open positions
5
Dealroom signal
43.0/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Spinout, Biotech and Pharma, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AOther financing Jun 2024 $85M $340M Euclidean Capital · MRL Ventures · The Column Group · Emerson Collective ↗
SPINOUTOther financing Jan 2022 $0 — Stanford University —
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Growth signals

InduPro website traffic

Latest recorded traffic for InduPro is 2K monthly website visits, down 41.2% over the last three months. InduPro's team grew 5.3% over the past year.

Latest monthly visits2K 3-month web change-41.2% 1-year team growth+5.3%
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Investments and acquisitions

Capital deployed

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

Investors

6 investors on the cap table

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

Series A5 investors entered at this stage

Other known investors1 additional known investor

  • Stanford University
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
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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
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

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

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

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