FundedIQ
Biotechnology

Bicycle Therapeutics: Funding, Investors & Team (Sep 2026)

Bicycle Therapeutics is a clinical-stage biopharmaceutical company developing a novel class of medicines which are referred to as Bicycles. The Bicycles are synthetic short peptides constrained to form two loops which stabilize their structural geometry. Its initial internal programs are focused on oncology indications with high unmet medical need. The company's product candidate, BT1718, is a Bicycle Toxin Conjugate, or BTC.

www.bicycletherapeutics.com LinkedIn Cambridge, United Kingdom 101-250 employees
Biotechnology Medical Device Therapeutics
Total raised
$730M
Rounds
2
Latest
Undisclosed round
May 2024

Bicycle Therapeutics has raised $730M across 2 funding rounds on record, the most recent an undisclosed round of $555M announced in May 2024.

That round is above the $8.0M median round size for Biotechnology companies tracked on FundedIQ over the last two years.

Bicycle Therapeutics Company Profile and Key Stats

Total funding raised
$730M
across 2 rounds on record
Funding rounds on record
2
Latest funding round
Undisclosed round
$555M in May 2024
Employees
101-250
reported band
Headquarters
Cambridge, United Kingdom

Latest funding round on record: May 2024.

Bicycle Therapeutics Funding Rounds

Date
Round
Amount
Undisclosed round
$555M
Post-IPO Equity
$175M

Bicycle Therapeutics raised $175M in a Post-IPO Equity announced in Oct 2021.

2.6 years later, an undisclosed round of $555M was announced in May 2024.

Bicycle Therapeutics Founders and Leadership Team

Name
Role
Contact
Christian Heinis
Founder
Kevin Lee
CEO

No contact details are on record for this team yet.

Bicycle Therapeutics Funding Compared to Other Biotechnology Startups

Segment
Companies
Median round
4,182
$8.0M
5,285
$4.0M

Bicycle Therapeutics' latest round of $555M is above the median round in Biotechnology. Medians cover the last 24 months of disclosed rounds.

Funded Startups Like Bicycle Therapeutics in Biotechnology and Cambridge

Companies Similar to Bicycle Therapeutics

Alchemab is harnessing the naturally protective power of patient antibodies to keep people free of…

Series A $33.6M

Biodexa Pharmaceuticals is an international specialty pharmaceutical company focused on oncology and other…

Undisclosed round $3.5M

Concert Bio helps businesses create optimal microbial communities.

Undisclosed round $130k

RQ Bio is a biotechnology company that develops long-acting monoclonal antibodies against seasonal influenza…

Series A $113M

N4 Pharma is a drug reformulation company focused on developing and out licensing new versions of existing…

Undisclosed round $3.6M

Laverock Therapeutics is working on developing a system for suppressing genes, which can be used to create…

Undisclosed round $3.0M

Oak hill bio is a clinical-stage rare disease therapeutics company developing life-changing medicines.

Series A $32.5M

IMU is a discovery engine mapping the immune system to advance precision medicine.

Series A $38.4M

Mykor is a climate tech start-up. It decarbonizes the construction industry by manufacturing carbon-negative…

Undisclosed round $5.4M

Neurovalens provides cutting-edge solutions in the realms of neuroscience, bioscience, and neurophysiology.…

Undisclosed round

Voxmind's biometric confirmation and authentication platform that provides voice based biometrics that helps…

Pre-Seed $740k

Five is a biometric payment services company that offers thumb recognition technology for safe transactions.

Seed $6.0M

Bicycle Therapeutics Funding FAQs

What does Bicycle Therapeutics do?

Bicycle Therapeutics is a clinical-stage biopharmaceutical company developing a novel class of medicines which are referred to as Bicycles. The Bicycles are synthetic short peptides constrained to form two loops which stabilize their structural geometry. Its initial internal programs are focused on oncology indications with high unmet medical need. The company's product candidate, BT1718, is a Bicycle Toxin Conjugate, or BTC.

How much funding has Bicycle Therapeutics raised?

Bicycle Therapeutics has raised $730M across 2 rounds on record. The most recent is an undisclosed round of $555M announced in May 2024.

When did Bicycle Therapeutics last raise funding?

Bicycle Therapeutics' most recent funding round on record is an undisclosed round of $555M, announced in May 2024.

Who founded Bicycle Therapeutics?

FundedIQ lists Christian Heinis (Founder) at Bicycle Therapeutics.

Who is the CEO of Bicycle Therapeutics?

Kevin Lee is listed as CEO at Bicycle Therapeutics.

Where is Bicycle Therapeutics headquartered?

Bicycle Therapeutics is based in Cambridge, Cambridgeshire, United Kingdom.

How many employees does Bicycle Therapeutics have?

Bicycle Therapeutics is in the 101-250 employee band.

How does Bicycle Therapeutics' funding compare to other Biotechnology startups?

Bicycle Therapeutics' latest round of $555M is above the $8.0M median round size for Biotechnology companies on FundedIQ across 4,182 tracked companies over the last two years.

About FundedIQ's Bicycle Therapeutics Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Bicycle Therapeutics is left off this page rather than filled in.

14-day free trial · Cancel anytime

Know who just raised. Then know who to reach.

Every newly funded startup with its round, its investors and its founders: delivered weekly by email, or searchable in the app.

Alerts from $19/mo · Pro from $99/mo. Card required, nothing charged until day 15, and we email you 3 days before that.