AsiaTechDaily – Asia's Leading Tech and Startup Media Platform

  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Menu
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Submit Article
Menu
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Submit Article
Join Chat 💬
Venture Capital27 Sep 2023 7:08

Biotech Startup Automera Raises $16 Million in Series A Round Led by ALSP and ClavystBio

by James Jung
  • twitter
Bookmark (0)
Please login to bookmark Close

No account yet? Register

Singapore-based biotechnology firm Automera has successfully secured $16 million in a Series A funding round. The funding round was co-led by Accelerator Life Science Partners (ALSP) and ClavystBio, a Temasek-backed accelerator focusing on global health solutions. Other participants included EDBI, Xora Innovation, and undisclosed investors.

Automera, co-founded by Michael Lazarou, Loong Wang, and Taiyang Zhang, is an early-stage biotechnology firm developing innovative therapeutic approaches centered around autophagy-based targeted protein degradation.

The company seeks to advance its drug development programs by leveraging its expertise in autophagy, drug development capabilities, and access to quantum chemistry and generative AI-driven insights.

Loong Wang, the Co-Founder of Automera, spoke to the media during the announcement. “Automera was founded on the premise that improving health outcomes for people with serious diseases requires new technologies that make it easier, faster, and less expensive to develop safe and effective medicines,” he said.

Automera’s primary focus will be on the development of therapies for cancer. The latest funding round, co-led by Accelerator Life Science Partners (ALSP) and ClavystBio, a Temasek-backed accelerator emphasizing global health solutions, is expected to help Automera expand its research and development endeavors in the field of autophagy-targeted therapies.

ALSP’s Executive Vice President and Automera board member, Alice Chen, expressed ALSP’s collaboration with the Singapore biotech community to enhance the technological advancements and programs being developed by Automera.

Automera has established an esteemed scientific advisory group, comprising Associate Professor Michael Lazarou, one of Automera’s Scientific Co-Founders affiliated with the Walter and Eliza Hall Institute of Medical Research (WEHI) and the Monash Biomedicine Discovery Institute.

Accelerator Life Science Partners (ALSP) is an early-stage life science accelerator and investment firm dedicated to nurturing innovative biotechnology companies. They focus on creating and developing these companies by providing comprehensive support, leveraging their network, and utilizing their entrepreneurial expertise.

On the other hand, ClavystBio is a venture builder initiated by Temasek, a Singaporean state-owned fund. ClavystBio’s core mission is to act as a catalyst for global health solutions originating from Singapore. Since its establishment in 2022, the firm has invested over $220 million in various sectors, including biotechnology, diagnostics, digital health, and early-stage venture capital funds.

Singapore has emerged as a prominent biotech hub in the Asia-Pacific region, characterized by a thriving startup ecosystem and supportive government policies. The city-state has also taken significant steps to address the increasing demand for skilled professionals in the biotech industry.


Also Read:

  • Thailand’s Ampverse Acquires Singapore’s Championify for Gaming Tech Innovation
  • Indonesia’s TBS Energi Acquires Singapore’s Medical Waste Treatment Firm
  • Navigating Asia’s Premier Fintech Conferences: Shanghai’s INCLUSION·Conference, Hong Kong Fintech Week, and Singapore Fintech Festival
  • Singapore’s Solar AI Raises $1.5 Million to Fuel Regional Solar Expansion in SouthEast Asia
Tags: fundingHealth TechTemasek

Similar Articles

Venture Capital1 Sep 2025 4:01

Bluente Secures $1.5M Seed Plus to Scale AI-Powered Document Translation

More
Venture Capital29 Aug 2025 7:58

ZUZU Hospitality Secures $5.9M to Bring AI-Powered Revenue Tools to Independent Hotels

More
Venture Capital27 Aug 2025 5:10

Rachel Lau’s Iris Capital to Raise $200M for Private Credit and Equity Expansion

More

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • Gadgets & Electronics
  • Health & Bio

Program

Menu
  • Ecosystem
  • EdTech
  • Featured
  • FinTech
  • Investments
  • IoT
  • Marketplaces & E-commerce
  • Robotics
  • Transportation & Logistics

About

Menu
  • Home
  • About us
  • Privacy Policy
  • Collaborate with AsiaTechDaily
Facebook Instagram Linkedin
  • twitter

Subscribe and be informed first hand about the actual economic news.

All the day’s headlines and highlights, direct to you every morning.

© 2023 asiatechdaily. All rights reserved.