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Radiant Biotherapeutics raised $35 million in a Series A financing co-led by the Bill & Melinda Gates Foundation and Amplitude Ventures to advance its lead clinical candidate towards trials.

PRIVATESep 11, 2024

Amount Raised

$35 Million

Round Type

Series A

TorontoBiotechnologyHealth CareTherapeutics

Investors

Toronto Innovation Acceleration PartnersAlexandria Venture InvestmentsFacitAbrdnBDC CapitalAmplitude VenturesBill & Melinda Gates Foundation

Description

Radiant Biotherapeutics has closed a $35 million Series A financing round to support the development of its proprietary Multabody™ platform. The funding will help the company advance its lead clinical candidate, 4-1BB, towards clinical trials.

Quick answer

Radiant raised $35 Million in a Series A round, dated September 11, 2024. Investors: Toronto Innovation Acceleration Partners, Alexandria Venture Investments, Facit, Abrdn, BDC Capital, Amplitude Ventures and Bill & Melinda Gates Foundation. Radiant is based in Toronto, Ontario, Canada.

How much did Radiant raise?
Radiant raised $35 Million in a Series A round on September 11, 2024.
Who invested in Radiant?
Toronto Innovation Acceleration Partners, Alexandria Venture Investments, Facit, Abrdn, BDC Capital, Amplitude Ventures and Bill & Melinda Gates Foundation are named as investors in this round.
What does Radiant do?
Radiant Biotherapeutics is a revolutionary antibody platform company leading the new frontier of multi-valent, multi-specific therapeutics to deliver transformative therapies for patients.
Where is Radiant based and how big is it?
Radiant is based in Toronto, Ontario, Canada.
Who are the decision-makers at Radiant?
Fundz holds 1 contact at Radiant. 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 Radiant that raised within 45 days of this round, from Fundz verified event records.

  • Pathos AI raised $62M on October 24, 2024.
  • Ensho Therapeutics raised $5M on October 24, 2024.
  • AvenCell Therapeutics raised $112M (Series B) on October 22, 2024.
  • Passkey Therapeutics raised $20M (Seed) on October 22, 2024.
  • TenNor Therapeutics raised $41M (Series E) on October 16, 2024.
  • invIOs raised $8.9M (Series A) on October 15, 2024.

Who to call at Radiant, and when

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

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Company Information

Company

Radiant

Location

Toronto, Ontario, Canada

About

Radiant Biotherapeutics is a revolutionary antibody platform company leading the new frontier of multi-valent, multi-specific therapeutics to deliver transformative therapies for patients. The proprietary Multabody platform leverages avidity and multi-specificity simultaneously, to generate highly efficacious Multabodies with superior potency than other antibody platforms. These powerful Multabodies have potential to deliver a new class of biologics to tackle complex, heterogenous diseases, such as cancer, that often have challenging targets and mechanisms. Multabody production and manufacturing is flexible, modular and scalable, and leverages standard antibody CMC processes. The groundbreaking efficiency of the platform is driving a novel pipeline of mono-, bi- and tri-specific biologics in multiple therapeutics areas. Strategic partnerships with two leading biopharmaceutical companies validate the platform and its broad scientific and clinical utility.

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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

Radiant 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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