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Unnatural Products

Also known as UNP, Unnatural Products, Inc.

United StatesDrug discoverySanta Cruz, California, United StatesFounded 2017Private

Designs macrocyclic peptides, ring-shaped molecules meant to reach hard targets and be taken as pills, with a platform that pairs parallel synthesis and screening with machine learning; partners include argenx, Novartis, Merck and BridgeBio.

argenx agreed on 9 November 2026 to buy the shares it did not already hold, for $550 million upfront and up to $595 million in milestones; closing is expected by the end of 2026, and the team stays in Santa Cruz as argenx's peptide discovery site.

Disclosed total$77M
Rounds on record3
Latest round$45MSeries B · 2026-03-16
Last stated valuationNone stated
Investors named14
Research on recordNone yet

Money and evidence

Moneyeach round in US dollars; ≈ converted at its date2020202120222023202420252026$6M$32M$45M
Closed round

No research by this company is on the record yet.

Rounds and research, on one timeline

  1. 2026-03-16Series B
    Round

    $45M

    For: building a wholly owned pipeline and taking at least one programme into the clinic, as CEO Cameron Pye put it

    Toward the clinic

    Read as Endpoints News' interview with CEO Cameron Pye, reposted by participant Droia Ventures; UNP's own release on GlobeNewswire refused automated readers.

    Lead · The Venture CollectiveDroia Ventures ✓Existing investor · argenxExisting investor · Merck Global Health Innovation FundExisting investor · ARTIS VenturesExisting investor · First Spark Ventures

    The investor's own page says · Droia Ventures: Files Endpoints News' Series B report under its Unnatural Products portfolio posts

  2. 2023-12-20Series A
  3. 2019-09-17Seed
    Round

    $6 million ("more than $6 million" in Santa Cruz Tech Beat's copy)

    For: growing the team, developing the platform and advancing its oncology programmes

    HiringModels and platform

    Lead · ARTIS VenturesAbstract VenturesAsset Management VenturesBetter VenturesBlue Bear VenturesRising Tide Fund

Research entries are the timeline's graded entries that name this company. A level grades one claim, not the company, and a blank can mean the record has not caught up rather than that nothing was published.

See these rounds in the table →

On the investors' own sites

Investors that name this company on their own site, in a portfolio or their own announcement. A ✓ in a round marks the same investor.

  • Droia VenturesFiles Endpoints News' Series B report under its Unnatural Products portfolio postsdroiaventures.com ↗

Its investors also backed

Other companies on this page whose rounds name the same investor.