Bringing total funding to $84M, the B Round will accelerate the company’s US expansion, R&D growth, and the development of the company’s next generation cybersecurity platform with natively built controls, including 24/7 detection and response

MIAMI, June 9, 2025 — Guardz, the cybersecurity company empowering Managed Service Providers (MSPs) and IT professionals to protect small and medium-sized businesses, today announced that it has raised $56 million in Series B funding led by ClearSky, with participation from new investor Phoenix Financial and existing investors Glilot Capital Partners, SentinelOne, Hanaco Ventures, iAngels, GKFF Ventures, Lumir and others. This latest investment reflects Guardz’s rapid growth, bringing total funding to $84 million in just over two years.

As cyberattacks grow in sophistication and increasingly target small and mid-sized businesses, the backbone of the economy, the MSPs and IT professionals serving them find themselves at the forefront of the battle. But MSPs face mounting cybersecurity challenges, with 77% struggling to manage multiple fragmented solutions amid a constantly evolving threat landscape, which leads to tedious manual processes, slower response times, and higher operating costs. The future of SMB cybersecurity relies on unifying tools into a cohesive and AI-native cyber defense ecosystem. Guardz is at the forefront of this effort, enabling MSPs to protect their clients more effectively across all attack vectors and scale their businesses sustainably.

Since launching from stealth in early 2023, Guardz has onboarded hundreds of MSP partners and is securing thousands of businesses across the globe. With this additional funding, Guardz will scale go-to-market efforts and enhance its unified cybersecurity platform to deliver greater automation, risk prevention, and cyber compliance and insurance capabilities, helping small and medium-sized businesses build resilience against the growing number of increasingly hostile cyber threats.

The Guardz unified cybersecurity platform, including AI and human-led MDR, is purpose-built for MSPs to deliver comprehensive cybersecurity at scale. By streamlining active protection across identities, email, endpoints, cloud, and data into a single engine, Guardz enables MSPs to detect threats faster, respond more accurately, and reduce manual effort. Its 24/7 Managed Detection and Response (MDR) combines AI-automated detection and response with expert-led threat hunting, while integrated SentinelOne EDR ensures best-in-class security without added complexity. The seamless Microsoft 365 and Google Workspace integrations continuously monitor user behavior and activity, flagging suspicious patterns to prevent account takeover and suspending accounts before any damage occurs. Combining these controls with user awareness and email protection enhances MSPs’ ability to strengthen client security, unlock new revenue opportunities, and scale their businesses more efficiently.

“This funding propels Guardz forward in our mission to bring enterprise-level cybersecurity to SMBs, and to continue to empower MSPs with unified security controls and automated detection and response,” said Dor Eisner, CEO and co-founder of Guardz. “MSPs are the first line of defense for these organizations – the engine of the global economy – and we are excited to continue providing them with our best-in-class platform, to ensure that businesses are not only secured and insured, but can thrive.”

“Guardz has built an exceptional solution that directly addresses a critical and underserved need in the market at a very exciting time for technology,” said Alex Weiss, Managing Partner at ClearSky. “Their AI-native approach, seamless integrations, and relentless focus on the MSP ecosystem has led to rapid growth and uniquely positions them to continue to lead this space. We are proud to support Guardz as they scale their impact and set a new standard for cybersecurity in this critical segment of the economy.”

To learn more about Guardz and the new funding, click here.

About Guardz

Guardz provides an AI-native, unified detection and response platform designed for MSPs to secure and insure small and medium-sized businesses. The platform protects digital assets, including identities, endpoints, email, cloud, data, and more, all with a user-centric approach. The company is redefining the MDR market by combining the power of AI agents with expert threat hunters to connect the dots and deliver unified, scalable, and effective protection for SMBs.

About ClearSky

ClearSky is a venture capital and growth equity fund manager that invests in innovative, transformative companies, specializing in technology solutions that power the energy transition and disruptive technologies in cybersecurity. Over more than a decade, ClearSky effectively managed approximately one billion dollars in capital commitments. Their investment funds enable exciting companies to bring disruptive technology to market while positively impacting our world and delivering value for investment partners.

Guardz Media Contact
Allison Grey
Headline media
[email protected]
+1 323 283 8176 

SOURCE Guardz

– Key executives, including Founder Lee Hae-jin and CEO Choi Soo-yeon, engage in discussions with the local startup ecosystem
– The new investment initiative will focus on investing in promising startups in North America, starting with video AI startup ‘TwelveLabs’
– NAVER has a strong track record of tech startup investments through its NAVER D2SF and is also known for acquiring Poshmark

SEONGNAM, South Korea, June 7, 2025 — NAVER Corporation (CEO Choi Soo-yeon) announced the planned establishment of “NAVER Ventures,” its new global venture investment initiative in Silicon Valley. The launch marks a significant step in NAVER’s strategy to expand its global footprint and foster innovation by investing in promising startups in North America.

NAVER Ventures aims to build on NAVER’s experience in supporting startups through its NAVER D2SF, which has invested numerous early-stage technology startups and supported their overseas expansion. The company also expanded its global portfolio by acquiring Poshmark, a leading U.S.-based social commerce platform, in 2023.

As part of its commitment to the Silicon Valley ecosystem, NAVER Founder and Chairman Lee Hae-jin, CEO Choi Soo-yeon, and Kim Namsun, President of investments visited the region to engage directly with entrepreneurs, engineers, and investors. They hosted the “Venturing NAVER’s Next Chapter” networking event on June 5 at the Four Seasons Hotel, where they discussed NAVER’s vision for supporting startups and fostering technological innovation.

NAVER Ventures has confirmed its first investment in TwelveLabs, a video AI startup recognized for its innovative technology. The investment aligns with NAVER’s focus on AI competitiveness and its strategy to collaborate with global startups to drive future growth.

The new investment initiative, NAVER Ventures, overseen by Kim Namsun, is expected to complete its establishment process later this month. It will invest capital and expertise to help category-leading companies accelerate the growth of their businesses (/END)

About NAVER

Founded in 1999, NAVER is South Korea’s largest Internet company and one of the world’s leading technology companies. NAVER has grown into a global ICT company that leads in cutting-edge technologies and operates a diverse portfolio of businesses, including commerce, fintech, content, cloud services, AI, and robotics, as well as other global online services such as LINE mobile messenger, Webtoon and Webnovel publishing, SNOW video camera app and ZEPETO metaverse platform.

NAVER is expanding its global footprint through strategic partnerships with industry leaders such as SoftBank, Poshmark, and Wattpad. Currently, TEAM NAVER strengthens business portfolios and expands its service regions, including Japan, North America, and Europe.

In 2024, NAVER reported sales of KRW 10.74 trillion (approximately USD 7.5 billion) and NAVER is ranked as the 12th largest company in terms of market capitalization in Korea.

To learn more, visit www.navercorp.com/en 

SOURCE NAVER

PHILADELPHIA, June 6, 2025 — BizEquity, the leading provider of cloud-based business valuation solutions, today announced the release of its new Exit Valuation Module, an eighth step in the company’s platform designed to help financial professionals and advisors deliver forward-looking, strategic planning insights to their business owner clients.

Built directly into the BizEquity platform, the Exit Valuation Module allows users to project a business’s potential future value based on a target exit valuation and expected revenue growth rate. This enhancement equips advisors to model personalized, goal-based outcomes that align with their clients’ long-term objectives, including retirement, succession, and estate planning.

“For years, our platform has helped advisors understand what a business is worth today,” said James Barnes, Chief Technology Officer at BizEquity. “Now, we’re empowering them to answer an even more important question—what does it need to be worth for the owner to reach their goals? This new module is all about bringing clarity and confidence to the exit planning conversation.”

With the new feature, advisors can:

• Enter a target exit value and project a future business valuation
• Visualize growth expectations with a dynamic comparison chart
• Engage clients in more strategic and impactful long-term planning

The Exit Valuation Module is fully integrated into BizEquity’s patented Seven Step Valuation process and now represents Step Eight in the platform. It supports a wide range of use cases, from exit and succession planning to retirement readiness and value growth strategies.

This release is part of BizEquity’s broader effort to enhance business planning tools available to advisors and was developed in response to user feedback across the platform’s global network.

To learn more or to request a demo, visit www.bizequity.com.

SOURCE BizEquity

Open-source leader democratizes enterprise-grade secrets management for fastest-growing startups, Fortune 500 enterprises, and nation-states.

SAN FRANCISCO, June 6, 2025 — Infisical, the leader in open source secrets, identity, and access management, today announced a $16 Million Series A funding round led by renowned technology investor Elad Gil. Additional participants in the round included Y Combinator, Gradient (Google), Dynamic Fund as well as notable angels Olivier Pomel (CEO, Datadog), Sanjit Biswas (CEO, Samsara), Antonio Gracias (CEO, Valor), and others.

Over the past few years, Infisical has rapidly emerged as the go-to solution for managing sensitive data and credentials across complex development workflows and infrastructure setups. The platform’s intuitive approach to handling API keys, database credentials, certificates, SSH keys, and other sensitive data has attracted thousands of developers, from high-growth startups like Hugging Face to Global 2000 enterprises like LG.

“Secrets management serves as a critical foundation that connects all infrastructure components within any organization, making it incredibly important from both security and reliability perspectives,” said Vlad Matsiiako, CEO and co-founder of Infisical. “At Infisical, we’ve struck the ideal balance between offering an exceptional developer experience and meaningfully advancing organizational security practices—ensuring it scales effortlessly from an organization’s first deployment to tens of thousands of microservices.”

In the past year, Infisical achieved several major milestones:

• Launched comprehensive PKI, KMS, and SSH access management solutions;
• Grew revenue over 20x turning the company cash flow positive;
• Reached over 40 million downloads of Infisical software across the globe;
• Expanded its user base to over 100,000 developers;
• Exceeded 10 billion secrets secured per month.

“Secrets management remains one of the most critical yet underserved areas of enterprise security,” said Elad Gil. “Infisical stands out through its unique combination of enterprise-grade security and developer-first experience. Their rapid adoption by enterprises validates the urgent market need for a new approach.”

The new funding will fuel Infisical’s next phase of growth, focusing on:

• Extending Infisical platform across secrets, identity, and access management;
• Deepening integrations with cloud providers and infrastructure tools;
• Developing security infrastructure for AI agents and workloads;
• Expanding the engineering team in San Francisco and globally to accelerate product development;
• Growing the go-to-market team to support increasing enterprise demand;
• Investing in customer success and scaling marketing to meet growing demand.

For more information about Infisical’s secrets, identity, and access management platform, visit infisical.com.

SOURCE Infisical

LOS ANGELES, June 6, 2025 — iGlobal Media USA, a rapidly growing digital broadcasting company, today announced the opening of a $500,000 investment round to support the national expansion of its cloud-based radio platform. If iGlobal succeeds in its objective to reach $500,000, investors could achieve a 35% return, with repayment totaling $675,000 scheduled within 120 days of capital funding.

The company is developing a digital infrastructure that connects FM, AM, and online radio stations into one centralized ecosystem — streamlining monetization, expanding audience reach, and enabling national ad delivery with real-time analytics and performance tracking.

“We’re building the future of global radio by equipping legacy broadcasters with the tools they need to succeed in a digital-first world,” said Michael Bryant, CEO and Founder of iGlobal Media USA. “This round will fuel our expansion and offer investors a short-term, high-yield return backed by real contracts and growing market demand.”

Platform Highlights

• White-labeled mobile streaming for every station
• Real-time audience analytics and ad performance tracking
• National advertiser access (T-Mobile, Acrisure, Lexus, Insurify)
• Revenue-sharing model with no upfront cost to affiliates
• iGlobal Radio App available on iOS and Androi

Affiliate Reach

iGlobalRadio network already includes over 250 affiliate stations, reaching 10+ million weekly listeners across the U.S. and abroad:

• Power 97.5 LA Radio – Over 3.5M weekly urban music listeners
• Power V97.5 Vegas – Club & DJ-driven content from Las Vegas
• Power 109.5 LA Hot Latin Radio – The pulse of Latin music
• Power 102.5 LA Gospel – Uplifting gospel and faith content
• Power Talk Radio – Global talk radio for modern voices
• Power Z97.5 Zambia – Bridging cultures through music
• Power 98.8 LA – Authentic hip hop from LA’s streets

Investment Goal

• Capital Raise: $500,000
• Investor Return: $675,000 (35%)
• Repayment Timeline: Within 120 days of funding
• Use of Funds: Platform development, affiliate onboarding, legal & licensing, and national marketing
• Security: Contracts and letters of intent with national advertisers and affiliate broadcasters

About iGlobal Media USA

Based in Los Angeles, iGlobal Media USA is redefining the future of radio by integrating legacy broadcasting with modern digital tools. The company’s cloud-based platform enables independent stations to scale globally, monetize efficiently, and deliver premium content to digital-first audiences.

“You’ve heard of iHeart?”
“iGlobal is the next evolution — and we connect you.”
iGlobal Media USA — We’re not just playing the future of radio… We’re streaming it.

To request the investor deck, financials, or schedule a meeting:
[email protected]
(747) 207-2122. Ext 1010

www.iGlobalMediaUSA.com

SOURCE iGlobal Media USA

SAN FRANCISCO, June 5, 2025 — JetBlue Ventures, an early-stage venture capital firm, announced today that Arielle Ring has joined the firm as President. She will help lead strategy and support portfolio companies with fundraising and monetization optimization. She will report into Amy Burr, CEO of JetBlue Ventures.

Ring brings nearly two decades of leadership experience across the travel and transportation industry. She has served as CFO of both Northvolt North America and Ohmium International, and was previously Senior Vice President, Head of Capital Markets and Strategic Finance at BBAM, an alternative asset manager with $20 billion in assets under management. She began her career in Citi’s Investment Banking division, where she focused on travel and transportation within the Global Industrials Group.

Over the course of her career, Ring has raised more than $4 billion in public and private equity, structured and closed over $10 billion in debt, managed and sold a public company, and completed more than $11 billion in M&A transactions.

“Arielle brings financial expertise and deep industry knowledge that will be invaluable as we enter our next phase of growth,” said Amy Burr. “Her experience complements our leadership team and strengthens our ability to support innovative startups transforming travel and transportation.”

About JetBlue Ventures

JetBlue Ventures (JBV) is an early-stage venture capital firm focused on companies redefining the travel and transportation landscape, with an emphasis on enterprise and frontier technologies. Founded in 2016 as JetBlue’s corporate venture capital arm, JBV is now part of SKY Leasing, a premier aviation asset manager. Based in San Francisco, the firm has made over 50 investments across the travel, hospitality, and transportation industries. Learn more at www.JetBlueVentures.com.

Contact

JetBlue Ventures
Anna Shimoda
[email protected]

SOURCE JetBlue Ventures

New funding will fuel expansion of distribution network plus AI-powered solutions amid 2X + YoY growth and 20x scale-up in run rate

MEXICO CITY, June 5, 2025 — Crabi, the leading full-stack auto insurance platform built to make coverage simpler, smarter, and more accessible, announced it has raised $13.6 million in new funding. The round was led by Kaszek and IGNIA, with participation from 30N Ventures, Redwood Ventures, Carao Ventures, Azuro Capital, Newtopia VC, and other investors.

This funding marks a new milestone in Crabi’s mission to redefine how Mexicans protect their vehicles, combining cutting-edge technology with a disciplined operating model to close the country’s longstanding insurance gap and bring coverage to millions nationwide.

Despite being one of the largest automotive markets in Latin America, over 70% of vehicles in Mexico are uninsured. Traditional insurance options have remained expensive, outdated, and difficult to access for decades. Crabi is the first tech-native insurance company in over 25 years to receive regulatory approval in Mexico, paving the way for a new generation of digital insurers. Crabi tackles the gap head-on by offering real-time, mobile-first insurance experiences. Delivering instant policy issuance, automated claims support, and transparent pricing, making car insurance finally accessible to millions of drivers.

Over the past three years, Crabi has achieved 2x+ year-over-year growth, dramatically improved its loss ratio and operating efficiency, and scaled its run rate by more than 20x — all while maintaining a lean, technology-driven operation.

“At Crabi, we’ve proven that insurance can be scaled profitably when you put automation, AI, and customer experience at the heart of your operation,” said Daniel Bernardez, CEO and Co-Founder of Crabi. “Applying modern engineering and data science to legacy insurance processes unlocks massive gains in pricing, speed, and risk selection. But none of that matters unless you’re also building the right infrastructure, aligning technology with regulation from day one. This new capital allows us to double down on both fronts, expanding access to affordable coverage while building a smarter, more inclusive insurance system for Mexico,” added Bernardez.

Crabi has already built strong partnerships with car dealerships, vehicle financing platforms, leasing companies, and brokers. By deeply integrating into their workflows and leveraging customer data to drive smarter underwriting, Crabi reduces risk while improving operational speed, benefiting both partners and end customers.

“Crabi is the most disciplined and well-positioned insurtech we’ve seen in Latin America,” said Nicolás Berman, Partner at Kaszek Ventures. “Their combination of proprietary infrastructure, regulatory edge, and scalable distribution puts them in a league of their own. We believe Crabi will set the standard for what modern insurance looks like across the region.”

With this funding, Crabi plans to onboard more distribution partners into its growing network, invest further into AI-driven operations and underwriting solutions, and continue closing the protection gap for the millions of drivers who have historically been excluded from the formal insurance market.

About Crabi

Crabi is a full-stack digital car insurance company on a mission to make coverage more accessible, transparent, and affordable across Mexico. As the first licensed auto insurer in Mexico in over 25 years, Crabi combines proprietary underwriting models, AI-powered operations, and end-to-end infrastructure to deliver instant, mobile-first insurance experiences. By embedding directly into the workflows of brokers, dealerships, and lenders, Crabi is redefining how drivers in Mexico get insured, from quote to claim.

Learn more at www.crabi.com.

Media Contact:

Rick Medeiros

510-556-8517

[email protected]

SOURCE Crabi

AI-powered platform unifies social listening & community management, attributes revenue to organic engagement, and scales selling in DM conversations

SEATTLE, June 5, 2025 — Nectar Social, the agentic social commerce platform for disruptor brands, today announced its emergence from stealth with $10.6 million in combined pre-seed and seed funding co-led by True Ventures and GV (Google Ventures), with participation from Trust Fund by Sophia Amoruso, BAM Ventures, Mercury Fund, Charge Ventures, Flying Fish Ventures, XRC Ventures and FAB Ventures. Nectar Social addresses a fundamental shift in commerce. As Gen Z and Gen Alpha reject traditional marketing in favor of social-first discovery and engagement, brands are struggling to keep up with screenshots, spreadsheets, and duct-taped tools that weren’t built for this era. Nectar steps in as the embedded agent built for today’s commerce—listening in real time, surfacing actionable insights, attributing engagement to revenue, and much more.

Founded by sisters Misbah Uraizee and Farah Uraizee, former Meta product and engineering leaders, Nectar is more than a platform—it’s the teammate every brand needs. It listens to customer feedback in real time, surfaces nuanced insights brands didn’t know to ask for, and engages automatically in the moments that matter most in an authentic way. Nectar is built for the way people actually shop now—starting from social platforms. OLIPOP, Jones Road Beauty, and Solawave are among the many businesses leveraging Nectar to unlock the potential of AI and drive greater impact with their teams, with customers achieving >85% AI-assisted responses within 30 days and seeing social DM campaigns deliver >12% conversion rates compared to 1-3% for traditional channels. Early customers have generated six figures of revenue, with some experiencing a 150% lift in engagement rates and 50% increase in content impressions after implementation.

“In the attention economy, we’re living through the collapse of the traditional marketing funnel,” said Misbah Uraizee, Co-founder and CEO. “Every purchase starts in a social search, comment, or conversation, and brands need new infrastructure. Nectar is the social operating system for modern commerce—one that makes every interaction personal, proactive, and profitable.”

How Nectar Transforms Social into a Revenue Channel

1. Grow and manage communities with social copilot agents: power everything from community management to strategic insight generation. Nectar manages routine interactions, produces high-quality content, and proactively tracks signals that would previously take teams weeks to uncover. The system intelligently adapts to brand needs, with seamless toggles between full autonomy and human-in-the-loop oversight.
2. Real-time insights and listening across brand and influencer: keep a live pulse on brand sentiment and safety across all content types, including video. Nectar tracks key conversations, surfaces emerging trends, and monitors influencer performance. Teams can zoom in to the specific SKU level to understand exactly how products are being received and talked about across platforms.
3. Full funnel revenue attribution and selling in DMs: link every social interaction—comments, DMs, mentions—to purchase behavior using advanced predictive analytics. Nectar builds unified customer profiles to reveal exactly who is driving conversations and conversions. For the first time, revenue can be attributed across the entire social path-to-purchase.

“What impressed us most about Nectar was how deeply they understand the seismic shift in consumer behavior,” said True Ventures Partner Tony Conrad. “For today’s generation, the purchase journey begins with content, flows through community, and culminates in personalized conversation. Nectar has created an entirely new infrastructure category that connects these touchpoints—redefining what a marketing stack looks like for modern businesses who need to convert attention into revenue.”

“Misbah and Farah Uraizee are standout product and engineering leaders who were early to recognize that consumer behavior is shifting toward real-time, personalized social shopping experiences,” said GV General Partner Frederique Dame. “With Nectar Social, they’ve built an intuitive, technically advanced platform that helps brands leverage generative AI to show up with speed, context, and scale—driving engagement, loyalty, and revenue in this next era of commerce. We’re excited to support them in shaping the future of social commerce.”

The company’s 12-person team is based in Seattle and is currently partnering with a select group of disruptor brands across CPG, beauty, wellness, food & beverage, software services, and lifestyle.

About: Nectar is the first agentic social commerce platform transforming organic channels into a measurable, high-converting revenue engine. It brings personalization and performance to social—uniting what were once fragmented tools: community engagement, content reporting and insights, social listening, influencer tracking, and revenue attribution. With best-in-class intelligence and analytics, Nectar empowers brands to be proactive with their audience, surfacing insights that drive action and accelerating trust, loyalty, and growth. Founded in 2023 by Misbah and Farah Uraizee, the team of 12 is based in Seattle, Washington. Nectar has raised $10.6 million in combined pre-seed and seed funding led by True Ventures and GV (Google Ventures), with participation from Trust Fund by Sophia Amoruso, BAM Ventures, Mercury Fund, Charge Ventures, Flying Fish Ventures, XRC Ventures and FAB Ventures.

Press contact: [email protected]

SOURCE Nectar Social

SHANGHAI, June 5, 2025 — Qure Biotechnology (Shanghai) Co., Ltd. (QureBio) announced that it has completed a Series C1 financing round. The financing raised nearly CNY 100 million (approximately USD 14 million) and was led exclusively by Efung Capital. This infusion of capital will be used to accelerate QureBio’s clinical trials and advance its pipeline of novel antibody therapeutics.

Therapeutic Focus and Technology Platforms

QureBio specializes in developing bispecific and multispecific antibody and protein therapeutics to address unmet medical needs in cancer, autoimmune diseases, and inflammatory disorders. The company has established a suite of proprietary technology platforms – including its I2T platform and its T-cell engager and NK-cell engager platforms – which form the foundation for its pipeline of novel drug candidates. Using these platforms, QureBio has built a robust pipeline of therapeutics aimed at previously intractable diseases.

Pipeline Highlights

Key pipeline developments include:

• Q-1802 (Claudin18.2/PD-L1 bispecific antibody): Received regulatory clearance to initiate clinical trials in both China and the United States in March 2021. Phase II patient enrollment is nearly complete, and preparations are underway for Phase III clinical trials in China.
• Q-1801 (SIRPα/PD-L1 bispecific antibody): Obtained clinical trial approvals in China and the US, and is poised to begin clinical studies.
• PD-1 Antibody-Cytokine Fusion Candidate: An innovative fusion protein with dual functions as a PD-1 checkpoint inhibitor and a cytokine modulator, demonstrating a favorable therapeutic window. This candidate targets an area where similar approaches by larger biopharmaceutical companies have faced setbacks, and QureBio is seeking partners to accelerate its global development.

Strategic Partnerships and Industry Recognition

QureBio’s proprietary antibody engineering technology has garnered broad industry recognition. Leveraging its platform capabilities, the company has established collaborations with leading biotechnology and pharmaceutical firms – including BRL Medicine, BioMap, Hengrui Pharma, and Precision Scientific – to co-develop novel therapies. These partnerships underscore QureBio’s status as an emerging leader in innovative biopharmaceuticals.

About QureBio

Qure Biotechnology (Shanghai) Co., Ltd. (QureBio) is a biopharmaceutical company founded in 2017 and based in Shanghai, China. The company specializes in the research and development of innovative antibody and protein therapeutics, focusing on bispecific and multispecific antibodies for oncology, autoimmune diseases, and inflammatory disorders. QureBio has built multiple proprietary technology platforms for antibody discovery and engineering, enabling a robust pipeline of drug candidates aimed at addressing critical unmet medical needs in China and around the world.

Qu, Xiangdong, the founder of Qure Bio, said:

We express our appreciation to Efung Capital, a leading Chinese VC/PE focusing on Biomedicine, for its trust and support in QureBio.  As an innovation-driven biotech company focused on pioneering biopharmaceuticals, we will continue leveraging our proprietary bispecific and multispecific antibody technology platforms to develop novel therapies for unmet clinical needs include malignancies, autoimmune diseases, and inflammation-based disorders. We look forward to collaborating with partners to develop novel therapies to benefit patients worldwide. 

Fan, Rongkui, lead investor in this round of financing from Efung Capital, said:

There are numerous companies engaged in the development of Claudin18.2 targets, and different products have demonstrated promising therapeutic potential across various treatment lines. As a promising model, the Claudin18.2 bispecific antibody holds the potential to achieve unique clinical value in first-line therapy for gastric cancer. Efung Capital is optimistic about the advancement of Q-1802 into Phase III clinical trials, aiming to provide gastric cancer patients with innovative products that offer differentiated efficacy and align with national circumstances. Additionally, the company’s founding team has a deep understanding of tumor immunology mechanisms, with core members having previously led R&D efforts at multinational pharmaceutical companies such as Amgen, Eli Lilly, and Pfizer, combining international perspectives with the ability to localize industrialization. The core team has demonstrated exceptional efficiency in key areas such as target validation, molecular design, and process development, and has subsequently developed an early-stage differentiated R&D pipeline covering solid tumors and autoimmune diseases.

About Efung Capital

Efung Capital is one of the earliest professional biopharmaceutical investment institutions in China. Its investment team consists of a group of PhDs in biopharmaceuticals from top universities in China and abroad, focusing on global biopharmaceutical VC/PE investments. It has conducted in-depth screening and invested in companies such as CHIPSCREEN, FRONTIER BIOTECHNOLOGIES Inc., Ascentage Pharma, Lifotronic, HARBOUR BIOMED, Obio Technology, ASIERIS, 3D-Medicines, Genuine Biotech, Apexigen, Centrexion, and Elicio, among other high-quality domestic and international companies. With its outstanding investment performance and exceptional research and investment capabilities, Efung Capital has been honored with numerous industry accolades, including multiple awards such as the Qianke Top 30 Investment Institutions in China’s Healthcare Sector, China Venture Capital Top 100, China Venture Capital Top 10 Best Exit Cases of the Year, China Venture Capital Top 10 Best Biomedical Investment Institutions of the Year, China Venture Capital Top 30 Best Venture Capital Institutions in the Guangdong-Hong Kong-Macao Greater Bay Area of the Year, China Venture Capital Top 100 Chinese Venture Capital Institutions of the Year, Fund of Funds Top 30 Best Healthcare Investment Institutions of the Year, and China’s Most Dynamic Drug Innovation Investment Institutions. It has been consecutively named one of the “Top 10 Venture Capital Institutions in Shenzhen” for multiple years and has been featured in an exclusive interview by the world-renowned journal Nature. Efung Capital aims to drive the industrialization of biotechnology achievements through capital investment.

SOURCE QureBio Ltd.