TCG Labs Soleil, a venture firm collaborating with The Column Group, has raised $400 million to continue launching single-drug biotechnology startups focused on achieving proof-of-concept data for strategic partnerships.
The firm has already founded 10 portfolio companies targeting cancer, immune diseases, cardiometabolic disorders, and other conditions since its formation last year.
Led by Jin-Long Chen, founder of NGM Biopharmaceuticals and former Amgen research head, the company operates through both a venture fund and an evergreen R&D hub with expanded capabilities in Shanghai.
The single-asset approach aims to enable faster decision-making with better capital efficiency compared to broader platform strategies, positioning programs for partnerships at optimal value points.