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Akamis Bio raised $60 million in a Series A Prime financing led by Sedgwick Yard to advance its clinical candidate NG-350A for treating solid tumors.

PRIVATEDec 17, 2024

Amount Raised

$60 Million

Round Type

Series A

BiotechnologyHealth CareGeneticsTherapeutics

Investors

Sedgwick Yard

Description

Akamis Bio announced $60 million in funding linked to the close of a Series A Prime financing round. The new funding will support the advancement of NG-350A through a Phase 1b clinical proof-of-concept study for patients with locally advanced rectal cancer.

Quick answer

Akamis Bio raised $60 Million in a Series A round, dated December 17, 2024. Investors: Sedgwick Yard.

How much did Akamis Bio raise?
Akamis Bio raised $60 Million in a Series A round on December 17, 2024.
Who invested in Akamis Bio?
Sedgwick Yard is named as investors in this round.
What does Akamis Bio do?
Akamis Bio is a clinical-stage oncology company whose mission is to leverage its groundbreaking Tumor-Specific Immuno-Gene Therapy (T-SIGn®) platform to positively impact the lives of people living with cancer.
Who are the decision-makers at Akamis Bio?
Fundz holds 1 contact at Akamis Bio. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Genetics and Therapeutics around the same time

Companies in the same sectors as Akamis Bio that raised within 45 days of this round, from Fundz verified event records.

  • Phlox Therapeutics raised $2M (Seed) on November 13, 2024.
  • Diag-Nose.io raised $2M (Seed) on January 30, 2025.
  • Atalanta Therapeutics raised $97M (Series B) on January 28, 2025.
  • NRx Pharmaceuticals raised $3.5M (Seed) on January 27, 2025.
  • Dermata Therapeutics raised $2.5M (Seed) on January 21, 2025.
  • Phio Pharmaceuticals raised $153K (Seed) on January 17, 2025.

Who to call at Akamis Bio, and when

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Company Information

Company

Akamis Bio

Location

Abingdon Science Park Barton Lane

About

Akamis Bio is a clinical-stage oncology company whose mission is to leverage its groundbreaking Tumor-Specific Immuno-Gene Therapy (T-SIGn®) platform to positively impact the lives of people living with cancer. To achieve that mission, the company is developing a portfolio of solid tumor-targeted T-SIGn® therapeutics which aim to enable a patient’s own immune system to recognize, attack, and clear their cancer. Akamis Bio has a growing pipeline of T-SIGn® therapeutics anchored by its two clinical-stage programs, NG-350A (an immuno-stimulatory tumor gene therapy driving intratumoral expression of a CD40 agonist monoclonal antibody) and NG-641 (a stromal-targeted tumor gene therapy leveraging a viral vector encoding a FAP-CD3 bispecific antibody, CXCL-9, CXCL-10 & interferon alpha). NG-350A and NG-641 are both being investigated in ongoing Phase 1 clinical studies in patients with metastatic or advanced epithelial tumors. In addition to internal pipeline development efforts, Akamis Bio has a number of T-SIGn® platform-focused collaborations with leaders in the immuno-oncology field including BMS, Merck, and the Parker Institute for Cancer Immunotherapy (PICI).

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Akamis Bio raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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