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Ascletis

Founders Jinzi Wu

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 3
Average round size
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The average size of a deal this fund participated in
$35M
Portfolio companies 1
Rounds per year 0.30
Lead investments 1
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.67
Key employees 1

Areas of investment

  • Biotechnology
  • Therapeutics
  • Biopharma
Summary

In 2011 was created Ascletis, which is appeared as Corporate Investor. The main office of represented Corporate Investor is situated in the Chapel Hill. The venture was found in North America in United States.

Among the most popular portfolio startups of the fund, we may highlight Sagimet Biosciences. Besides, a startup needs to be aged 11-15 years to get the investment from the fund. Among the most successful fund investment fields, there are Biotechnology, Biopharma. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.

The important activity for fund was in 2019. The common things for fund are deals in the range of 10 - 50 millions dollars. The fund is constantly included in 2-6 deals per year.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the Ascletis, startups are often financed by New Enterprise Associates, Kleiner Perkins, Rock Springs Capital. The meaningful sponsors for the fund in investment in the same round are Qianhai Ark, New Enterprise Associates, Kleiner Perkins. In the next rounds fund is usually obtained by Qianhai Ark, New Enterprise Associates, Kleiner Perkins.

The fund was created by Jinzi Wu.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Sagimet Biosciences

Biopharma
Biotechnology
Therapeutics
$80M11 Feb 2021 California, United States

Sagimet Biosciences

Biopharma
Biotechnology
Therapeutics
$7M05 Aug 2019 California, United States

Sagimet Biosciences

Biopharma
Biotechnology
Therapeutics
$18M13 Feb 2019 California, United States
News
Sagimet Biosciences Raises $80M in Crossover Financing

– Sagimet Biosciences, a San Mateo, Calif.-based clinical-stage biotechnology company, raised $80m in crossover financing.
– The round was led by an undisclosed public equity healthcare investment fund with participation from existing investors (including Ascletis, Kleiner Perkins, New Enterprise Associates (NEA) and Rock Springs Capital) along with new investors (Altium Capital, HM Capital, Invus and PFM Health Sciences).
– The company intends to use the funds to advance its lead program, TVB-2640 for NASH, to explore additional indications, to file an IND on a second FASN inhibitor, TVB-3567, by the end of 2021.

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