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Pathios Therapeutics Raises $25M in First Close of Series B Financing to Advance First-in-Class Immunotherapy Approach into Clinic

PRIVATEApr 19, 2024

Amount Raised

$25 Million

Round Type

Series B

MiltonBiotechnologyTherapeutics

Investors

Brandon CapitalCanaanBristol Myers Squibb

Description

Pathios Therapeutics Limited has raised $25 million in the first close of a Series B financing. The fundraising includes a new strategic investment by Bristol Myers Squibb, along with continued support from existing investors including Canaan and Brandon Capital. The proceeds will be used to advance their lead candidate, PTT-4256, into the clinic and expand their leadership team to align with their transition into a clinical-stage company.

Quick answer

Pathios Therapeutics raised $25 Million in a Series B round, dated April 19, 2024. Investors: Brandon Capital, Canaan and Bristol Myers Squibb. Pathios Therapeutics is based in Milton, Oxfordshire, United Kingdom.

How much did Pathios Therapeutics raise?
Pathios Therapeutics raised $25 Million in a Series B round on April 19, 2024.
Who invested in Pathios Therapeutics?
Brandon Capital, Canaan and Bristol Myers Squibb are named as investors in this round.
What does Pathios Therapeutics do?
Pathios Therapeutics is an early-stage drug discovery company that was established in 2017 by a team of experienced pharmaceutical industry professionals and biotech entrepreneurs.
Where is Pathios Therapeutics based and how big is it?
Pathios Therapeutics is based in Milton, Oxfordshire, United Kingdom.
Who are the decision-makers at Pathios Therapeutics?
Fundz holds 1 contact at Pathios 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 Pathios Therapeutics that raised within 45 days of this round, from Fundz verified event records.

  • Aptose Biosciences raised $4.4M (Seed) on June 3, 2024.
  • Calidi Biotherapeutics raised $5.5M on June 3, 2024.
  • Summit Therapeutics raised $200M on June 3, 2024.
  • Sinopia Biosciences raised an undisclosed amount (Grant) on May 30, 2024.
  • Radiomer Therapeutics raised an undisclosed amount (Pre-Seed) on May 29, 2024.
  • SystImmune raised $7.2M on May 28, 2024.

Who to call at Pathios Therapeutics, and when

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

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Company Information

Company

Pathios Therapeutics

Location

Milton, Oxfordshire, United Kingdom

About

Pathios Therapeutics is an early-stage drug discovery company that was established in 2017 by a team of experienced pharmaceutical industry professionals and biotech entrepreneurs. Based in Oxford, UK, the company is founded upon a deep understanding of the biology of tumour-associated macrophages (TAMs). We are currently engaged in a fully-enabled drug discovery program to identify novel small-molecule modulators of GPR65 with expected utility across a broad spectrum of cancers. We are also more broadly interested in the potential to target GPR65 for benefit in a range of other serious diseases.

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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

Pathios Therapeutics 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.