About Lipum
Lipum is a company based in Umea (Sweden) founded in 2010 by Lennart Lundberg, Olle Hernell, and Susanne Lindquist.. Lipum has raised $2.99 million across 7 funding rounds from investors including European Union, Almi and EIC Fund. Lipum offers products and services including SOL-116. Lipum operates in a competitive market with competitors including BeiGene, Moderna, Forge Biologics, Incyte and ALX Oncology, among others.
- Headquarter Umea, Sweden
- Founders Lennart Lundberg, Olle Hernell, Susanne Lindquist
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Lipum Ab (Publ)
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.99 M (USD)
in 7 rounds
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Latest Funding Round
$59.81 K (USD), Grant
Nov 30, 2020
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Investors
European Union
& 3 more
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Employee Count
Employee Count
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Products & Services of Lipum
Lipum offers a comprehensive portfolio of products and services, including SOL-116. 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.
Humanized antibody for treating rheumatoid arthritis and other inflammations.
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Funding Insights of Lipum
Lipum has successfully raised a total of $2.99M across 7 strategic funding rounds. The most recent funding activity was a Grant round of $59.81 thousand completed in November 2020. 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 Funding
- Total Rounds 7
- Last Round Grant — $59,811
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First Round
First Round
(24 Aug 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2020 | Amount | Grant - Lipum | Valuation |
investors |
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| Mar, 2019 | Amount | Series A - Lipum | Valuation | Almi |
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| Mar, 2019 | Amount | Grant - Lipum | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lipum
Lipum has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Almi and EIC Fund. 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.
| Investor | Description | Founded Year | Domain | Location |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Investments are provided by Almi in seed to growth-stage startups.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by corporate-backed Almi Invest.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lipum
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lipum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lipum Comparisons
Competitors of Lipum
Lipum 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 BeiGene, Moderna, Forge Biologics, Incyte and ALX Oncology, 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 |
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| domain | founded_year | HQ Location |
Targeted and immune-oncology drugs for cancer treatment are developed.
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mRNA-based therapeutics for diseases including cancer and infections are developed.
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| domain | founded_year | HQ Location |
Gene therapies for rare diseases are developed to treat patients.
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| domain | founded_year | HQ Location |
Small molecules are developed for cancer and skin disease treatments.
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| domain | founded_year | HQ Location |
ALX Oncology is focused on advancing cancer treatment therapies.
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| domain | founded_year | HQ Location |
Therapeutic antibodies for cancer and other diseases are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lipum
Frequently Asked Questions about Lipum
When was Lipum founded?
Lipum was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Where is Lipum located?
Lipum is headquartered in Umea, Sweden.
Who is the current CEO of Lipum?
Einar Ponten is the current CEO of Lipum.
Is Lipum a funded company?
Lipum is a funded company, having raised a total of $2.99M across 7 funding rounds to date. The company's 1st funding round was a Series A of $2.69M, raised on Aug 24, 2016.
What does Lipum do?
Lipum has developed an antibody-based drug to treat juvenile idiopathic arthritis (JIA). The company has developed a monoclonal antibody (SOL-116) to target and block the function of protein denoted bile salt-stimulated lipase (BSSL) to treat chronic inflammatory diseases such as juvenile idiopathic arthritis.
Who are the top competitors of Lipum?
Lipum's top competitors include Moderna, BeiGene and Forge Biologics.
What products or services does Lipum offer?
Lipum offers SOL-116.
Who are Lipum's investors?
Lipum has 4 investors. Key investors include European Union, Almi, EIC Fund, and Almi Invest.
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