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Pheon Therapeutics raised $120m in a Series B financing led by TCGX with participation from BVF Partners, Lightspeed, and Perceptive Advisors.

PRIVATEMay 21, 2024

Amount Raised

$120 Million

Round Type

Series B

LondonBiotechnologyHealth CareTherapeutics

Investors

Research Corporation TechnologiesForbionBrandon CapitalAtlas VenturePerceptive AdvisorsLightspeedBVF PartnersTcgx

Description

Pheon Therapeutics completed a $120m Series B financing to fund the development of its pipeline of differentiated ADCs. The financing was led by TCGX with participation from other new investors BVF Partners, Lightspeed and Perceptive Advisors, alongside existing investors Atlas Venture, Brandon Capital, Forbion, and Research Corporation Technologies. The new financing will be used to further advance Pheon’s differentiated ADC pipeline through clinical proof of concept and to expand the company's suite of in-house technology platforms.

Quick answer

Pheon Therapeutics raised $120 Million in a Series B round, dated May 21, 2024. Investors: Research Corporation Technologies, Forbion, Brandon Capital, Atlas Venture, Perceptive Advisors, Lightspeed, BVF Partners and Tcgx. Pheon Therapeutics is based in London, England, United Kingdom.

How much did Pheon Therapeutics raise?
Pheon Therapeutics raised $120 Million in a Series B round on May 21, 2024.
Who invested in Pheon Therapeutics?
Research Corporation Technologies, Forbion, Brandon Capital, Atlas Venture, Perceptive Advisors, Lightspeed, BVF Partners and Tcgx are named as investors in this round.
What does Pheon Therapeutics do?
Pheon Therapeutics is an Antibody Drug Conjugate (ADC) specialist developing a pipeline of monotherapies for novel targets and/or with novel payloads.
Where is Pheon Therapeutics based and how big is it?
Pheon Therapeutics is based in London, England, United Kingdom.
Who are the decision-makers at Pheon Therapeutics?
Fundz holds 1 contact at Pheon 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 Pheon Therapeutics that raised within 45 days of this round, from Fundz verified event records.

  • Virpax Pharmaceuticals raised $2.5M on July 5, 2024.
  • NGM Bio raised $73M on July 5, 2024.
  • Beacon Therapeutics raised $170M (Series B) on July 3, 2024.
  • Cartesian Therapeutics, Inc. raised $130M on July 2, 2024.
  • N-Power Medicine raised $72M (Series B) on July 1, 2024.
  • Scorpion Therapeutics raised $126M on July 1, 2024.

Who to call at Pheon Therapeutics, and when

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

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Company Information

Company

Pheon Therapeutics

Location

London, England, United Kingdom

About

Pheon Therapeutics is an Antibody Drug Conjugate (ADC) specialist developing a pipeline of monotherapies for novel targets and/or with novel payloads. ADCs offer the potential to treat solid tumors and liquid cancers that have not responded to other treatments. Pheon's lead program is a first-in-class ADC against a novel target that is highly expressed in solid tumors across a broad range of hard-to-treat cancer types. Pheon is backed by expert, specialist healthcare investors Atlas Venture, Brandon Capital, Forbion and Research Corporation Technologies (RCT). Pheon has a world class, proven leadership team that brings together the best of ADC engineering, clinical and managerial expertise and track record. For further information, please visit www.pheontx.com

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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

Pheon 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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