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Secondary marketplace / Explore private companies / Lycia Therapeutics IPO
Lycia Therapeutics

Lycia Therapeutics IPO

$386M
Series D Valuation, Jun 2026
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Lycia Therapeutics IPO date and status

2019
Founded
Oct 2026
S-1 Filed
Oct 2026
IPO Completed

Company details

Lycia Therapeutics is a biotechnology company and the developer of a treatment technology, Lysosomal Targeting Chimera (LYTAC), that aims to degrade extracellular proteins with the goal of treating conditions including cancer, inflammation, and autoimmune disorders. The company has a mission to uncover use cases for the LYTAC platform using extracellular protein degradation designed to target soluble and membrane-bound proteins. Lycia Therapeutics was founded in 2019 by Dr. Carolyn Bertozzi and is headquartered in South San Francisco, CA.
Founded
2019
Headquarters
South San Francisco, CA, United States
Forge Price 1
Price not available
Market Activity 2
Limited
Last Matched Price
Post-Money Valuation 3
$386M
Total Funding
$278.31M
Last Funding Round
Series D

Learn more about Lycia Therapeutics

To invest in Lycia Therapeutics pre-IPO

Can you invest in Lycia Therapeutics pre-IPO?

You may invest in Lycia Therapeutics as it is a public company listed on the NASDAQ with ticker LYCA. But if you are an accredited investor interested in buying pre-IPO shares of a private company, you can learn more about how to invest in the private market or register today to get started.

Can you sell shares of Lycia Therapeutics before it goes public?

You can no longer sell shares of Lycia Therapeutics on Forge as this company is no longer private. However, if you own shares of a private company, Forge may be able to help you sell them in a way that works for you and the company. Learn more or register with us today to get started.

What is the pre-IPO value of my Lycia Therapeutics shares?

Forge can no longer determine the value of Lycia Therapeutics shares as this company is no longer private. However, if you own shares of a private company, Forge may help you value and sell them in a way that works for you and the company. Learn more or register with us today to get started.

Is Lycia Therapeutics a publicly traded company?

Lycia Therapeutics became a public company following its IPO on 10/23/2026 and is now traded on the NASDAQ under the ticker LYCA.

To learn more about Lycia Therapeutics potential IPO

Will Lycia Therapeutics go IPO?

Lycia Therapeutics became a public company following its IPO on 10/23/2026 and is now traded on the NASDAQ under the ticker LYCA.

What is Lycia Therapeutics’ IPO price?

The IPO price of Lycia Therapeutics is not currently available.

When was Lycia Therapeutics founded?

Lycia Therapeutics was founded in 2019.

What is Lycia Therapeutics funding to date?

Lycia Therapeutics has raised $278.31M to date.

Lycia Therapeutics major investors

Alexandria Venture Investments
Cowen Healthcare Investments
Eli Lilly
Franklin Templeton Venture Fund
Janus Henderson Investors
Marshall Wace
Redmile Group
Rtw Investments
The Invus Group
Venrock
Versant Venture Management

Lycia Therapeutics pre-IPO valuation and funding rounds

Funding history chart
Funding round and deals details
Funding Date Round Amount Raised Price per Share Post-Money Valuation 3 Key Investors
06/10/2026 Series D $75M $9.21 $386M Adage Capital Partners, Balyasny Asset Management, Eli Lilly & Company, Franklin Templeton Venture Fund, Hbm Healthcare Investments, Invus Capital, Janus Henderson Investors, Orbimed, Rtw Investments, Venrock
Price per Share
$ xx.xx
Shares Outstanding
8,147,380
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
3
Key Investors
Adage Capital Partners, Balyasny Asset Management, Eli Lilly & Company, Franklin Templeton Venture Fund, Hbm Healthcare Investments, Invus Capital, Janus Henderson Investors, Orbimed, Rtw Investments, Venrock
05/13/2024 Series C $106.6M $9.21 $313.52M Alexandria Venture Investments, Blue Owl, Eli Lilly & Company, Franklin Templeton Venture Fund, Invus Capital, Janus Henderson Investors, Marshall Wace, Redmile Group, Rtw Investments, Venrock
Price per Share
$ xx.xx
Shares Outstanding
11,580,144
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
3
Key Investors
Alexandria Venture Investments, Blue Owl, Eli Lilly & Company, Franklin Templeton Venture Fund, Invus Capital, Janus Henderson Investors, Marshall Wace, Redmile Group, Rtw Investments, Venrock
09/09/2021 Series B $71.32M $8.12 $178.13M Alexandria Venture Investments, Cowen Healthcare Investments, Eli Lilly & Company, Invus Capital, Redmile Group, Rtw Investments, Versant Venture Management
Price per Share
$ xx.xx
Shares Outstanding
8,782,480
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
3
Key Investors
Alexandria Venture Investments, Cowen Healthcare Investments, Eli Lilly & Company, Invus Capital, Redmile Group, Rtw Investments, Versant Venture Management
06/09/2020 Series A $25.39M $4.51 $63.48M Versant Venture Management
Price per Share
$ xx.xx
Shares Outstanding
5,631,426
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
3
Key Investors
Versant Venture Management

Lycia Therapeutics IPO news and media highlights

Independent IPO news coverage

Lycia Therapeutics Raises $75M in Series D Funding

Lycia Therapeutics, a South San Francisco, California-based developer of extracellular protein degradation and lysosomal targeting chimera (LYTAC) therapeutics, raised $75m in Series D funding.

Lycia Therapeutics Lands $106M for Protein Degraders That Treat Autoimmune & Inflammatory Diseases

In a series C funding round led by Venrock Healthcare Capital Partners, Lycia Therapeutics raised $106 million.

Private companies exploring an IPO

See which private companies are preparing for the public market. Register to get full access to the latest secondary market pricing data.

Sector: Healthcare
Subsector: Biotech & Pharma
Trade Metrics Last Funding Round
Company Forge Price Last Matched Round Post-Money Valuation 3 Price Per Share Amount Raised
OURAOURANot available$ xx.xxSeries E$11.36B$53.57$972.43M
Affinia TherapeuticsAffinia TherapeuticsNot available$ xx.xxSeries C$156.61M$1.62$40M
OriginOriginNot available$ xx.xxNot available------

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Updated on: Oct 28, 2026

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