CrossBridge Bio

Houston, United States Founded: 2023 • Age: 3 yrs Acquired By Lilly
Antibody-Drug Conjugate therapeutics are developed using stable dual-linker technology.

About CrossBridge Bio

CrossBridge Bio is a company based in Houston (United States) founded in 2023 was acquired by Lilly in April 2026.. CrossBridge Bio has raised $10 million across 1 funding round from investors including Lilly, TMC Venture Fund and CE Ventures. CrossBridge Bio offers products and services including ADC Technology Platform, EGCit Linker, and Enzymatic Conjugation. CrossBridge Bio operates in a competitive market with competitors including Moderna, BeiGene, Incyte, MorphoSys and Dren Bio, among others.

  • Headquarter Houston, United States
  • Sectors
    Healthcare
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Healthcare → Pharmaceuticals & Therapeutics
Healthcare → Healthcare Products & Supplies
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $10 M (USD)

    in 1 rounds

  • Latest Funding Round
    $10 M (USD), Seed

    Nov 04, 2024

  • Investors
    Lilly

    & 6 more

  • Employee Count
    Employee Count
  • Acquired by
    Lilly

    (Apr 14, 2026)

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Products & Services of CrossBridge Bio

CrossBridge Bio offers a comprehensive portfolio of products and services, including ADC Technology Platform, EGCit Linker, and Enzymatic Conjugation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Platform for creating stable Antibody-Drug Conjugates to target cancer cells effectively.

Enzymatically cleavable linker enhancing ADC stability and targeted payload release.

Technique for precise integration of multi-arm linkers in ADC production.

Funding Insights of CrossBridge Bio

CrossBridge Bio has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Seed round of $10 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 1
  • Last Round Seed — $10.0M
  • First Round

    (04 Nov 2024)

  • Investors Count 6
Date Amount Transaction Name Valuation Lead Investors Investors
Nov, 2024 Amount Seed - CrossBridge Bio Valuation TMC Venture Fund , CE Ventures
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in CrossBridge Bio

CrossBridge Bio has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Lilly, TMC Venture Fund and CE Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Early-stage Life-Sciences & Offline focused VC firm funding companies in the US
Founded Year Domain Location
Stage-agnostic tech-focused VC firm investing in geographies such as Israel and China
Founded Year Domain Location
Portal Innovations is engaged in funding life sciences startups.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by CrossBridge Bio

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - CrossBridge Bio

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Crossbridge Bio Comparisons

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Competitors of CrossBridge Bio

CrossBridge Bio operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moderna, BeiGene, Incyte, MorphoSys and Dren Bio, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
mRNA-based therapeutics for diseases including cancer and infections are developed.
domain founded_year HQ Location
Targeted and immune-oncology drugs for cancer treatment are developed.
domain founded_year HQ Location
Small molecules are developed for cancer and skin disease treatments.
domain founded_year HQ Location
Therapeutic antibodies for cancer and other diseases are developed.
domain founded_year HQ Location
Therapeutic antibodies are developed for cancer, autoimmune, and serious diseases.
domain founded_year HQ Location
Developer of antibodies to treat complement-mediated neurodegenerative diseases
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Frequently Asked Questions about CrossBridge Bio

When was CrossBridge Bio founded?

CrossBridge Bio was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is CrossBridge Bio located?

CrossBridge Bio is headquartered in Houston, United States. It is registered at Houston, Texas, United States.

Is CrossBridge Bio a funded company?

CrossBridge Bio is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Seed of $10M, raised on Nov 04, 2024.

What does CrossBridge Bio do?

CrossBridge Bio was founded in 2023 and is headquartered in Houston, United States. Antibody-Drug Conjugate therapeutics are developed within the biotechnology sector, with operations centered on a stable dual-linker payload technology. This technology supports various candidates, including the lead CB-120, which targets cancer treatment. Focus is placed on oncology applications through research and therapeutic development.

Who are the top competitors of CrossBridge Bio?

CrossBridge Bio's top competitors include Moderna, BeiGene and Regeneron Pharmaceuticals.

What products or services does CrossBridge Bio offer?

CrossBridge Bio offers ADC Technology Platform, EGCit Linker, and Enzymatic Conjugation.

Who are CrossBridge Bio's investors?

CrossBridge Bio has 7 investors. Key investors include Lilly, TMC Venture Fund, CE Ventures, Crescent Enterprises, and Portal Innovations.

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