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Alpha-9 Theranostics Announces Oversubscribed $75 Million Series B Financing To Advance Portfolio Of Radiopharmaceuticals For Cancer

PRIVATEDec 14, 2022

Amount Raised

$75 Million

Round Type

Series B

BostonBiotechnologyHealth CareTherapeuticsBiopharma

Investors

BVF PartnersLongitude CapitalQuark VentureSamsara Bio Capital

Description

Alpha-9 Theranostics Inc., a clinical stage company developing differentiated and highly targeted radiopharmaceuticals with the potential to meaningfully improve the treatment of people living with cancer, today announced an oversubscribed $75 million Series B financing. The round was led by Nextech Invest, with participation from Frazier Life Sciences, Samsara BioCapital and Quark Venture in addition to existing investors Longitude Capital and BVF Partners.

Quick answer

Alpha-9 Theranostics raised $75 Million in a Series B round, dated December 14, 2022. Investors: BVF Partners, Longitude Capital, Quark Venture and Samsara Bio Capital. Alpha-9 Theranostics is based in Boston, Massachusetts, United States.

How much did Alpha-9 Theranostics raise?
Alpha-9 Theranostics raised $75 Million in a Series B round on December 14, 2022.
Who invested in Alpha-9 Theranostics?
BVF Partners, Longitude Capital, Quark Venture and Samsara Bio Capital are named as investors in this round.
What does Alpha-9 Theranostics do?
Alpha-9 Theranostics is a clinical stage, radiopharmaceutical company developing differentiated and highly targeted radiopharmaceuticals with the potential to meaningfully improve the treatment of people living with..
Where is Alpha-9 Theranostics based and how big is it?
Alpha-9 Theranostics is based in Boston, Massachusetts, United States. Fundz records about 47 employees.
Who are the decision-makers at Alpha-9 Theranostics?
Fundz holds 3 contacts at Alpha-9 Theranostics, including the CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biopharma around the same time

Companies in the same sectors as Alpha-9 Theranostics that raised within 45 days of this round, from Fundz verified event records.

  • HighTide Therapeutics raised $107M (Series C) on January 5, 2023.
  • GenSight Biologics raised $13M (Convertible Note) on December 23, 2022.
  • Madrigal Pharmaceuticals raised $300M (Funding Round) on December 21, 2022.
  • Opna Bio raised $38M (Series A) on November 21, 2022.
  • Parabilis Medicines raised $178M (Series D) on November 21, 2022.
  • Parabilis Medicines raised $178M on November 17, 2022.

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Company Information

Company

Alpha-9 Theranostics

Location

Boston, Massachusetts, United States

About

Alpha-9 Theranostics is a clinical stage, radiopharmaceutical company developing differentiated and highly targeted radiopharmaceuticals with the potential to meaningfully improve the treatment of people living with cancer. Applying proprietary technologies and deep-foundational expertise, Alpha-9 is on the forefront of engineering bespoke radiopharmaceuticals that are optimized to selectively deliver radiation to tumor sites while minimizing off-target effects. Alpha-9 is advancing a robust pipeline of novel radiopharmaceuticals with a systematic approach to molecule design that offers broad potential for expansion into several validated oncology targets. Alpha-9 was founded by researchers from the University of British Columbia and BC Cancer, with the goal of improving the lives of patients affected by metastatic cancers.

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Related People

3 contacts
Verified contactsDavid H., CEO hidden hidden hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Alpha-9 Theranostics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.