# Draupnir Bio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/draupnir-bio-aps

- Industry: Biotechnology
- Headquarters: Frederiksberg, Denmark
- Website: www.draupnir.bio
- Total disclosed funding: $47M
- Latest round: Seed (Jul 17, 2024)
- Investors on record: 6

## About

Established in 2017 and based in Frederiksberg, Denmark, Draupnir Bio ApS is a biotechnology company that develops small molecule modulators of PCSK9 (proprotein convertase subtilisin Kexin type 9) providing treatment for heart disease. The company was founded by Simon Glerup, Camilla Gustafsen, Peder Madsen, and Peter Seeberger as a spin-out from Aarhus University in Denmark and the Max-Planck Society in Germany. In July 2024, Draupnir Bio ApS raised EUR 12 million in seed funding from new investors MP Healthcare Venture Management, Export and Investment Fund of Denmark, with participation from returning investors Gilde Healthcare Partners, Inkef, and Novo Holdings.

The company develops small molecule modulators of PCSK9 (proprotein convertase subtilisin kexin type 9) for the treatment of heart disease and ailments. It regulates the recycling of the hepatic LDL receptor to modulate the interaction of PCSK9 with the LDL receptor to lower the blood LDL cholesterol and the risk of heart disease.

The company's revenue is generated by the sales of its small molecule modulator solutions for personal and industrial use.

## Funding rounds

- Seed, Jul 17, 2024, $13M — Gilde Healthcare, Novo Holdings, MP Healthcare Venture Management, Inkef, Export and Investment Fund of Denmark
- Series A, Oct 31, 2019, $34M — Gilde Healthcare, Novo Holdings, High-Tech Gruenderfonds, Inkef

## Investors

- Gilde Healthcare (https://capitalatlas.ai/funds/gilde-healthcare) — Series A, Seed
- Novo Holdings — Series A, Seed
- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Series A
- Inkef (https://capitalatlas.ai/funds/inkef) — Series A, Seed
- MP Healthcare Venture Management (https://capitalatlas.ai/funds/mp-healthcare-venture-management) — Seed
- Export and Investment Fund of Denmark (https://capitalatlas.ai/funds/export-and-investment-fund-of-denmark) — Seed