Last deal

$11M

Amount

Series C

Stage

09.10.2005

Date

1

all rounds

$11M

Total amount

date founded

Financing round

General

About Company
GlycoFi is a biotech firm that develops biotherapeutics using glycan optimization technology.

Related to

Merck Sharp & Dohme Sweden AB

Merck Sharp & Dohme Sweden AB

Merck is a biopharmaceutical company that develops and provides innovative medicines and vaccines to save and improve lives globally.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Keywords

Biotechnology, Health Care, Pharmaceuticals

Location

Kenilworth, NJ, USA

total rounds

2

total raised

$5.59M

count Of Investments

21

count Of Exists

4

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2000

Number of employees

Company Type

For Profit

Last funding type

Series C

IPO status

Private

Description

GlycoFi is a biotechnology company based in Lebanon, New Hampshire. Their mission is to improve the production of human therapeutic proteins by harnessing the advantages of yeast and other fungal-based protein expression systems. They engineer these systems to produce correctly glycosylated human therapeutic proteins, increasing efficiency and scalability. GlycoFi focuses on yeast glycoengineering and the optimization of biologic drug molecules. They were acquired by Merck & Co. Inc. in 2006.
Contacts
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M&A Details
1

Acquired by

Merck Sharp & Dohme Sweden AB

announced date

09.05.2006

price

$400M

Financials

Funding Rounds
1
1

Number of Funding Rounds

$11M

Money Raised

Their latest funding was raised on 09.10.2005. Their latest investor Boston Millennia Partners. Their latest round Series C

Date 
Funding Round 
Investors 
Money Raised 
Lead 
09.10.2005
9
$11M
Co-Investors
Investors
9
0

Number of lead investors

9

Number of investors

Investor 
Lead 
Round 
Partners 
Boston Millennia Partners

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Sector

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Subsector

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Keywords

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count Of Investments

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People

Founders
2
Charles Hutchinson
Charles Hutchinson

Charles Hutchinson

Charles Hutchinson, PhD, Chairman of the Board, was Dean of the Thayer School of Engineering, Dartmouth College from 1984 until 1994 and again from 1997 to 1998. While Dean of Thayer he established the Master of Engineering Management program and in 2007 helped establish the PhD Innovation Program. The latter modifies and supplements the doctoral engineering curriculum with entrepreneurial studies, the goal being to equip engineering students to start companies. Dr. Hutchinson’s interest in entrepreneurship is longstanding: In 1997, he founded M2S, a company specializing in medical data and image management services for clinical trials. In 2000, he co-founded the technology start-up GlycoFi Inc., which creates bio-therapeutics based on glycan optimization technology and was acquired by Merck in 2006 for $400 million. Finally, in 2007 he was among the co-founders of SustainX.

current job

SustainX
SustainX

organization founded

2

Charles Hutchinson

Tillman Gerngross
Tillman Gerngross

Tillman Gerngross

Tillman Gerngross Co-Founded Adimab, LLC. in 2007 and serves as its Chief Executive Officer. Tillman Gergross is Founder of Arsanis Inc. and serves as its Chairman of the Board. Tillman Gergross Co-Founded Kreogene. He is a Co-Founder and Chairman of Alector LLC and Arsanis, Inc. He Co-Founded Avitide, Inc and serves as its Chairman of the Board.

current job

Arsanis
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Tillman Gerngross

Employee Profiles
8
Charles Hutchinson

Charles Hutchinson

Co - Founder

Richard Fisher

Richard Fisher

Senior VP, Research and Product Development

James Posada

James Posada

Senior Vice President of Business and Market Development

Activity

Recent News
0