SBIR / HHS / NIH / NCI · Jan 2025
Federal award record showing Velorum Therapeutics Inc. received a Phase II SBIR award totaling $772,293 for VEL-03 IND-enabling development.
Breakthrough medicines unlocking the biology of heme
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Velorum Therapeutics is a South San Francisco biotech developing heme-biology-based medicines, with a lead cancer program aimed at starving tumors by sequestering heme and a pipeline that also includes porphyria and heme-injury applications.
Primary product
VEL-03, a proprietary heme-sequestering therapeutic candidate for oncology (starting with lung cancer) and other solid tumors
Founded
2023
Headquarters
329 Oyster Point Blvd, 3rd Floor, South San Francisco, CA 94080
Team size
1-10
Industry
Biotechnology Research
Sub-industry
Oncology therapeutics / heme biology
Offices
0 jobs at Velorum Therapeutics
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Business model
Stage
Seed
Total raised
$1.3M
Latest round
Direct to Phase II SBIR grant · Jan 2025
Latest amount
$772.3K
Jan 2025 · U.S. Department of Health and Human Services / NIH / NCI
Feb 2024 · Y Combinator
Leadership
Co-Founder & President
Co-Founder & CEO
Richard Showalter
VP of Research & Development
Harri Järveläinen, DVM, PhD, MBA
Preclinical and Translational Sciences
Lucas Rodriguez, PhD
Business Development
David Hitt, MS, JD
Legal & Intellectual Property
Investors
Patient-first, science-driven, collaborative, and compassion-oriented.
Differentiators
Technology
Competitors
Estimated revenue
$1M (estimated)
Estimated monthly visits
1.9K
SBIR / HHS / NIH / NCI · Jan 2025
Federal award record showing Velorum Therapeutics Inc. received a Phase II SBIR award totaling $772,293 for VEL-03 IND-enabling development.
Velorum Therapeutics · Feb 2024
Company launch post describing its heme-sequestration platform, lead lung-cancer program, and the twin-founder team.
Y Combinator · Feb 2024
YC launch page reinforcing the company’s heme-biology cancer-drug thesis and founding team.
Velorum Therapeutics · Jan 2024
Official announcement that Velorum was selected in the Bay Area Health Equity QuickFire Challenge and received residency/mentorship support.