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Arsenal Biosciences, Inc. raised $325 million in a Series C funding round led by ARCH Venture Partners to advance programmable cell therapy programs through clinical development.

Sep 04, 2024over 1 year ago

Amount Raised

$325 Million

Round Type

series c

San FranciscoTherapeuticsBiotechnologyHealth Care

Investors

Hitachi VenturesByers CapitalKleiner PerkinsWestlake Village Bio PartnersBristol Myers Squibb CompanySoft Bank Vision Fund 2Parker Institute For Cancer ImmunotherapyRock Springs CapitalT. Rowe Price Associates, Inc.Luma GroupN VenturesRegeneron VenturesMilky Way Investments GroupArch Venture Partners

Description

Arsenal Biosciences, Inc. announced the close of an oversubscribed $325 million Series C financing round to support its advanced CAR T-cell therapy programs. The funding will be used to develop its therapeutic pipeline for solid tumor cancers and enhance innovation in cell therapy.

Company Information

Company

Arsenal Biosciences

Location

329 Oyster Point Blvd

San Francisco, California, United States

About

Arsenal Biosciences, Inc. (ArsenalBio), headquartered in South San Francisco, Calif., is a privately held programmable cell therapy company discovering and developing a pipeline of next-generation autologous T cell therapies to defeat cancer. Our full-stack R&D engine generates multifunctional T cell medicines, enabled by precise and specific CRISPR insertion of large synthetic DNA sequences. ArsenalBio is building the industry’s largest DNA library of therapeutic enhancing integrated circuits, incorporating logic gating for improved tumor targeting and synthetic features enabling multiple pharmaceutical functions. In pioneering a computationally driven approach alongside nonviral clinical manufacturing, we aspire to deliver enhanced efficacy, increased patient safety, reduced stakeholder costs, and expanded market access.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech