C4 Therapeutics is developing a new class of targeted protein degradation (TPD) therapeutics for the treatment of a broad range of diseases. Their Degronimid platform incorporates highly selective small molecule binders to target disease-causing proteins and facilitate their rapid destruction and clearance from the cell through the natural ubiquitin/proteasome system (UPS). Because of this distinctive mechanism, Degronimids are capable of hitting many more targets, including those previously thought to be undruggable, while reducing the potential for drug resistance.

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Funding Events

Date	Amount	Type	Investors	Valuation
01/07/16	$73,000,000	Series A	Cobro Ventures Cormorant Asset Management EG Capital Group Novartis Venture Funds Roche Venture Fund The Kraft Group	undisclosed
06/16/20	$170,000,000	Series B	3E Bioventures Adage Capital Management Axil Capital Bain Capital Life Sciences Cobro Ventures Commodore Capital HBM Healthcare Investments Lightchain Logos Capital Mizuho Securities Principal Investment Nextech Invest Perceptive Advisors	undisclosed