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City Therapeutics, Inc. raised $135M in a Series A financing led by ARCH Venture Partners to advance RNA interference-based medicines.

PUBLIC · CTYOct 08, 2024

Amount Raised

$135 Million

Round Type

Series A

CambridgeBiotechnologyHealth CareTherapeutics

Investors

AN VenturesFidelity Management & Research CompanyInvusSlate Path CapitalRock Springs CapitalRegeneron VenturesARCH Venture Partners

Description

City Therapeutics, Inc. announced its launch today with a vision to lead the future of RNA interference (RNAi)-based medicine. The $135 million Series A financing will help the company build a robust product engine to expand the therapeutic reach of RNAi-based medicines.

Quick answer

City Therapeutics raised $135 Million in a Series A round, dated October 8, 2024. Investors: AN Ventures, Fidelity Management & Research Company, Invus, Slate Path Capital, Rock Springs Capital, Regeneron Ventures and ARCH Venture Partners. City Therapeutics is based in Cambridge, Massachusetts, United States.

How much did City Therapeutics raise?
City Therapeutics raised $135 Million in a Series A round on October 8, 2024.
Who invested in City Therapeutics?
AN Ventures, Fidelity Management & Research Company, Invus, Slate Path Capital, Rock Springs Capital, Regeneron Ventures and ARCH Venture Partners are named as investors in this round.
What does City Therapeutics do?
City Therapeutics is a biopharmaceutical company harnessing next-generation engineering of RNAi trigger molecules to improve and expand the reach of RNAi-based medicines.
Where is City Therapeutics based and how big is it?
City Therapeutics is based in Cambridge, Massachusetts, United States. Fundz records about 75 employees.
Who are the decision-makers at City Therapeutics?
Fundz holds 1 contact at City Therapeutics. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biotechnology around the same time

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

  • Intensity Therapeutics raised $3.6M (Seed) on November 21, 2024.
  • Biofrontera raised $4.2M (Seed) on November 21, 2024.
  • Debiopharm raised $5.8M (Funding Round) on November 21, 2024.
  • HCW Biologics raised $6.9M on November 20, 2024.
  • Adipo Therapeutics raised $4.7M (Seed) on November 19, 2024.
  • Qualigen Therapeutics raised $5.1M on November 18, 2024.

Who to call at City Therapeutics, and when

A new round usually means City Therapeutics is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day City Therapeutics raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at City Therapeutics, from your own LinkedIn network

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Company Information

Company

City Therapeutics

Location

399 Binney St

Cambridge, Massachusetts, United States

About

City Therapeutics is a biopharmaceutical company harnessing next-generation engineering of RNAi trigger molecules to improve and expand the reach of RNAi-based medicines. The company is building a pipeline of innovative RNAi therapeutics to make a significant impact for patients across multiple therapeutic areas. Co-founded by pioneering executives and scientists in RNAi, City Therapeutics is based in Cambridge, MA, and has raised $135 million from leading life sciences investors.

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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

City Therapeutics 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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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.